Formula 1 news

Super Aguri confirms deal with Weigl is close

The Super Aguri Formula 1 team confirmed on late Friday afternoon that they are in final discussions concerning an agreement for a substantial shareholding of the Formula One team with the Weigl Group AG.

According to the Formula 1 team the offer will secure the team's future in Formula 1. "We are happy that we have been able to resurrect talks between the Super Aguri team and Franz Weigl at such short notice and to have the opportunity of presenting the WEIGL Group to the Honda Board once again," said team boss Aguri Suzuki. "Such a partnership as the one proposed by WEIGL Group will allow us to race for the foreseeable future and I am hopeful that all parties will find the Group's offer a realistic package."

Franz-Josef Weigl, CEO, WEIGL Group AG, commented in the Super Aguri press release on the possible deal: "WEIGL Group has decided to speak out openly at this decisive time for SUPER AGURI F1 TEAM. We would like to express sincere support for the team's participation in the Formula One World Championship and the Group's, together with its sponsors and Partners, earnest intention to provide ongoing investment to secure the team's future."

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