Formula One
24 November 2009

Formula One news

Super Aguri F1 team put into administration

Super Aguri F1 team put into administration

08 May 2008

There are administrators appointed to search for a buyer for the Super Aguri Formula 1 team. The team decided to stop its activities in Formula One on Tuesday. The administrators are searching for a buyer that will purchase the team as an ongoing business.

In a statement, joint administrator Philip Long said: "This Administration provides a unique opportunity to get into high-level motorsport without having to build an operation from scratch. In terms of capability a new team could easily be up and running for the 2009 Formula One season.

"Virtually everything is in place including the people, the technical expertise, the laboratories and testing facilities. A new team could walk in and take over a fully operational unit from day one. There are a number of other motor sport projects being undertaken which should interest the motor racing world."



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