Super Aguri Goes into administration

[Titch]

Hopefully sum-1 buys them.

Super Aguri has gone into administration a day after the team was forced to end its fight for Formula 1 survival.


The Leafield-based squad withdrew from the sport with immediate effect on Tuesday after failing to find a rescue deal that would allow it to continue following months of financial difficulties.


Financial firm PKF announced in a statement on its website on Wednesday that a joint administration team of corporate recovery partners had now been appointed to sell the outfit to a new owner.


The statement said the administrators were looking to sell the business as an “on-going concern to a company or individual looking to launch a Formula 1 or other motor sport operation” and that they had already received interest.



Joint administrator, Philip Long said: ”This Administration provides a unique opportunity to get into high-level motor sport without having to build an operation from scratch.


“In terms of capability a new team could easily be up and running for the 2009 Formula 1 season.


“Virtually everything is in place including the people, the technical expertise, the laboratories and testing facilities.


“A new team could walk in and take over a fully operational unit from day one. There are a number of other motor sport projects being undertaken which should interest the motor racing world.


“I am pleased that there has already been significant interest.”

The statement also confirmed that in addition to the team’s two drivers Takuma Sato and Anthony Davidson, Super Aguri employed more than 90 people at its Leafield base in Oxfordshire, the same factory the now defunct Arrows team previously used.

[Mr.Sam]

f1 is down to like 10 teams now?

Which is going to be annoying, I like the slower teams like Aguri they are better to watch than the front 3 teams. the front of the pack is usually the same (kimi, massa, hamiliton, kovi, Kubica) wheres at the back you have the Aguri team, toro rosso etc which is a lot more entertaining to watch than the top few ones.

It is a real shame most of the coverage is of the top and mid teams.

[Casuals]

Unlucky