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Filed under: Motorsports Super Aguri announced today that it would immediately be ending its participation in Formula 1 after funding for the team has all but dried up. The news comes not long after Super Aguri was denied access to the Turkish Grand Prix paddock area due to its mounting financial issues. Honda has been Super Aguri's main source of funding, but is apparently tired of diverting money from its own F1 team despite pronouncing as recently as last December that it would fund the Honda "B-squad" through the 2008 season. The Japanese automaker also wasn't keen on an 11th hour buyout offer for Super Aguri from German automotive firm Weigl. The team hasn't been on sound financial footing for some time, and the breakdown of negotiations with the Dubai-based Magma Group in April certainly didn't help matters. This leaves Anthony Davidson and Takuma Sato without cars to drive for the rest of the season and narrows down the starting grid for the Turkish Grand...
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Filed under: Motorsports , Honda Reports are surfacing that the Super Aguri F1 team has been turned away from the Turkish Grand Prix's paddock. The denial of access occurred because of financial complications. Team supporter Honda contacted Formula One Management and informed the organization that they would not be providing any more assistance to the struggling team. With no one left to pay the bills, Super Aguri was left stranded outside of the track gates. One potential life vest has already been thrown to the Japanese team by German engineering firm Weigl Group. However, their contribution would not be enough to fully support race operations. The Super Best Friends need more investors to jump aboard in order to make it through the end of the season, let alone the next race. [Source: Speed TV , Photo by Ryan Pierse/Getty] Read | Permalink | Email this | Comments
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