Super Aguri to auction off assets

Super Aguri's collapse left Britain's Anthony Davidson without a drive

The assets of the failed Super Aguri Formula One team are to be sold in an online auction later this month.

Auctioneers SHM Smith Hodgkinson have been instructed by administrators to sell the assets, including a race car and transporters, between 29-31 July.

The Japanese team withdrew from the world championship due to a lack of funding in May after a planned takeover by Dubai-based Magma Group collapsed.

Much of Super Aguri's funding came from Honda but that help was being cut back.

Founded by Japanese former Grand Prix racer Aguri Suzuki at the end of 2005, Super Aguri did try to stay afloat following the collapse of talks with Magma.

Final talks were held with German automotive company Weigl Group about taking a "substantial shareholding" in the team, but those came to nothing and the Tokyo-based team had to disband.

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Administrators PKF said at the time that they were looking to sell the business "as an on-going concern to a company or individual looking to launch a Formula One or other motorsport operation".

The assets include an SA06 car used in the team's first season in which it finished without registering a single championship point.

Britain's former Aguri driver Anthony Davidson, who is now testing for Honda, warned at the time of the team's withdrawal that it was becoming almost impossible for privately-run teams to survive in F1.