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Filed under: Motorsports , Auction Action , Japan Click above for a gallery illustrating what's on the block from Super Aguri. In the fast-paced world of Formula One, teams come and go. Only most of the time, they're just changing names and management (in fact, Ferrari and Williams are the only teams still on the grid that were founded under the same name and same ownership as they remain today). So Jordan Grand Prix, for a most vivid example, became Midland F1 Racing in 2006, then Spyker in 2007 before its metamorphosis into Force India for 2008. Super Aguri was another story. Founded by former racing driver Aguri Suzuki, the team was the first in years to actually put up the bond necessary to start a completely new entry. Unfortunately, the uniquely Japanese-named team never had the money it needed to succeed, and after a little over two years, the team folded . But not before millions upon millions were spent on cars, equipment and everything else. So what happened to all that...
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Filed under: Motorsports , Earnings/Financials , India Super Aguri undergoing testing at Jerez Well that didn't take long. After only two years on the grid, Super Aguri is up for sale. Unlike most of the other "new" teams that took over and rebranded themselves from previous teams, Super Aguri actually put up the bond to join the 2006 Formula One championship as an additional entry. Since then, however, the team has had difficulty putting together the enormous budget required of a modern F1 team, falling into debt to the tune of $47 million, despite getting support from Honda and running old cars . Now, following the emergence of Force India and the confirmation of an Indian Grand Prix in two years, another Indian business consortium is looking at buying its way into the sport. The Spice Group telecommunications company, which already sponsors Indian former F1 driver Narain Karthikeyan's Team India A1GP car, is reported to be negotiating to acquire Super Aguri. Tata, which...
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