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Page last updated at 16:24 GMT, Friday, 2 May 2008 17:24 UK

Super Aguri close to rescue deal

The Super Aguri team in Barcelona
A German investor could save the Super Aguri team's season

Cash-strapped Formula One team Super Aguri are in final talks with a potential investor which could secure their involvement in the 2008 season.

German automotive company Weigl Group is in discussions about taking a "substantial shareholding" in the team.

Team principal Aguri Suzuki said: "Such a partnership will allow us to race for the foreseeable future."

Super Aguri were close to collapse when a deal with Magma Group and Dubai International Capital fell through.

Suzuki has been searching for potential investors since that deal was called off in April and met Super Aguri's parent company, Honda, in midweek to urge them to accept the Weigl Group's offer.

The Honda board are expected to make a decision on whether or not to give the deal the green light early next week.

606: DEBATE

Super Aguri added in a statement: "Super Aguri F1 Team believes this to be a just and reasonable offer."

Franz-Josef Weigl, CEO of the Weigl Group, commented: "Weigl Group has decided to speak out openly at this decisive time for Super Aguri F1 Team.

"We would like to express sincere support for the team's participation in the world championship and the group's, together with its sponsors and partners, earnest intention to provide ongoing investment to secure the team's future."

Super Aguri scraped together the cash to race in Barcelona last weekend, where Takuma Sato finished the Spanish Grand Prix in 13th while Anthony Davidson retired.

It is understood that their cars are on their way to Istanbul for the Turkey Grand Prix on 11 May.




see also
Super Aguri get Spanish reprieve
25 Apr 08 |  Formula One
Super Aguri 'may miss Spanish GP'
23 Apr 08 |  Formula One
New doubt over Super Aguri future
16 Apr 08 |  Formula One
New backer seals Aguri's F1 berth
10 Mar 08 |  Formula One
Aguri allay fears over new season
29 Feb 08 |  Formula One
Super Aguri cancel Spain testing
18 Feb 08 |  Formula One
Super Aguri delay new car launch
12 Feb 08 |  Formula One
Super Aguri seeking new investors
09 Feb 08 |  Formula One
Super Aguri handed F1 green light
26 Jan 06 |  Formula One


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