It was a nice idea that Aguri Suzuki had, to start a new F1 team from scratch. Unfortunately, his dreams didn't last long, resulting in the grassroots team closing up shop and its assets put up for auction. Those assets were bought up by Formtech GmbH, a German tooling and construction company.
Formtech intends to use the team's former Leafield, England, headquarters as its new base for UK operations, where it will use Super Aguri's autoclaves and other equipment to design and manufacture composite materials. Formtech also intends to employ some of Aguri's now-unemployed technicians. But what of the actual race cars and fleet of transporters? Formtech bought those too, and is looking for another buyer. So if you're interested in a new Formula One car and a big truck in which to haul it around, better give them a ring.
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 stuff? Well, after Super Aguri went into bankruptcy administration earlier this year, the team's remaining assets are to be liquidated by British auction house SHM Smith Hodgkinson at the end of this month. Among the assets up on the block will be a dozen F1 racing cars, a fleet of transporter trucks and four autoclaves. So if you're looking to buy yourself the remains of an F1 team, this could be your chance.
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 Prix this weekend to ten teams and 20 vehicles.
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.
