|
Browse by Tags
All Tags » super aguri » Earnings/Financials ( RSS)
-
|
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...
|
-
|
Filed under: Motorsports , Japan , Honda , Earnings/Financials 12/06/07: Luca Felipe of Italy test drives the Super Aguri car during Formula One Testing at the Circuito de Jerez in Jerez de la Frontera, Spain It's no secret around the F1 paddock that Super Aguri is in big financial trouble. The team, founded by former Japanese F1 driver Aguri Suzuki, made its debut at the start of the 2006 season after buying its place on the grid - unlike most new teams that were formed out of previous entries. Aguri runs on a shoe-string budget, fielding old cars and relying heavily on Honda's patronage to pay the enormous bills of operating a Formula One team. Emerging reports now suggest that Honda has decided to continue supporting the team for another season. Because Honda is believed to supply a big chunk of Aguri's budget (as well as its engines and chassis) - effectively making it Honda's "B-squad" - the Japanese auto giant has the power to decide Super Aguri's fate...
|
|
|
|