Super Aguri in trouble
#1
Senior Moderator
Thread Starter
Super Aguri in trouble
"Super Aguri F1 team confirms that it has been informed by Magma Group, the potential purchasers of the team, that its investors no longer wish to fund the intended acquisition.
"It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however negotiations with other parties continue. The team will issue a further statement in due course."
uh-oh
"It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however negotiations with other parties continue. The team will issue a further statement in due course."
uh-oh
#3
Senior Moderator
![Sad](https://acurazine.com/forums/images/smilies/sad.gif)
#6
Senior Moderator
Thread Starter
Originally Posted by stangg172004
why doesnt honda just buy this team? and race 4 cars? wait, that has to be against some FIA rule ![Minister](https://acurazine.com/forums/images/smilies/minister.gif)
![Minister](https://acurazine.com/forums/images/smilies/minister.gif)
IMO, Honda set up Super Aguri as a hedge on the split between the FIA and the GPMA. If the split had occured, then Honda would have had a foot in both the FIA series and the GPMA series. Now that the GPMA is gone, and with the clarification that customer cars are illegal, Honda has no more reason to support Super Aguri.
#7
6G TLX-S
Originally Posted by fsttyms1
![Sad](https://acurazine.com/forums/images/smilies/sad.gif)
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#8
Senior Moderator
Thread Starter
Originally Posted by Edward'TLS
I highly doubt that it will happen again as long as Ross Brawn is taking the helm at the factory Honda team.
#10
Senior Moderator
Thread Starter
The end is near
Super Aguri's future has been cast into fresh doubt after the team's trucks and motorhome were prevented from entering the Istanbul circuit today.
Sources have told itv.com/f1 that Formula One Management ordered its staff not to allow Super Aguri's personnel into the paddock after Honda team boss Nick Fry informed Bernie Ecclestone that Aguri Suzuki's squad would not be racing in Turkey next weekend.
Super Aguri is set for a crunch meeting with the Honda board this week, at which the Japanese manufacturer will decide whether to accept the Weigl Group's bid to rescue its second team.
But Fry has already expressed his scepticism about the Weigl deal.
"It would appear unlikely that a company the size of Weigl is able to support a competitive Formula 1 team, unless of course there are other partners of which we have not been made aware," Fry told the Reuters news agency.
Weigl CEO Franz Josef Weigl believes his company has the resources to sustain Super Aguri, despite Fry's concerns.
"The Weigl Group's offer is backed by strong business finance partners who, along with the Weigl Group, would like to invest long-term and not just short-term," he said.
"With our partners, the offer is not only about rescuing the team, but about constructing a future for the Super Aguri F1 team and Takuma Sato.
"We hope that Honda board members would be willing to have faith in our long-term business plan."
Itv.com/f1 understands that Super Aguri believes it has been barred from the Istanbul paddock to avoid embarrassing Honda should it decide to reject the Weigl offer later in the week.
Honda has invested significantly in Super Aguri since forming the team for Sato in 2006, but now wants it to find new investment and become self-sufficient.
Despite the uncertainty over the team's future, Aguri has been preparing as normal for next weekend's Istanbul race.
Suzuki is understood to be trying to bring forward the crucial meeting with Honda in Tokyo to Monday.
Sources have told itv.com/f1 that Formula One Management ordered its staff not to allow Super Aguri's personnel into the paddock after Honda team boss Nick Fry informed Bernie Ecclestone that Aguri Suzuki's squad would not be racing in Turkey next weekend.
Super Aguri is set for a crunch meeting with the Honda board this week, at which the Japanese manufacturer will decide whether to accept the Weigl Group's bid to rescue its second team.
But Fry has already expressed his scepticism about the Weigl deal.
"It would appear unlikely that a company the size of Weigl is able to support a competitive Formula 1 team, unless of course there are other partners of which we have not been made aware," Fry told the Reuters news agency.
Weigl CEO Franz Josef Weigl believes his company has the resources to sustain Super Aguri, despite Fry's concerns.
"The Weigl Group's offer is backed by strong business finance partners who, along with the Weigl Group, would like to invest long-term and not just short-term," he said.
"With our partners, the offer is not only about rescuing the team, but about constructing a future for the Super Aguri F1 team and Takuma Sato.
"We hope that Honda board members would be willing to have faith in our long-term business plan."
Itv.com/f1 understands that Super Aguri believes it has been barred from the Istanbul paddock to avoid embarrassing Honda should it decide to reject the Weigl offer later in the week.
Honda has invested significantly in Super Aguri since forming the team for Sato in 2006, but now wants it to find new investment and become self-sufficient.
Despite the uncertainty over the team's future, Aguri has been preparing as normal for next weekend's Istanbul race.
Suzuki is understood to be trying to bring forward the crucial meeting with Honda in Tokyo to Monday.
#11
Senior Moderator
that sucks.
#12
6G TLX-S
This is gonna happen no matter what -- limited budget (and thus poor performance) independent teams get squeezed out of the F1 sport by unlimited budget auto factory teams. If lucky, they get to change ownership every few years or even every year; if not, we'll never see them again in F1.
#13
Senior Moderator
Thread Starter
Aguri Suzuki has announced in Japan that he is ceasing operation of his Formula 1 team, Super Aguri F1. The outfit has been in existence for just two and a half years, having started out in 2006 using modified versions of the 2002 Arrows A23 chassis, which were acquired from Minardi boss Paul Stoddart. SAF1 signed up Takuma Sato and Yuji Ide to drive, but the latter quickly proved not to have sufficient experience and was replaced by Franck Montagny. He in turn gave way to pay-driver Sakon Yamamoto.
The team struggled through 2006 with an uncompetitive car, but for 2007 used a revised version of the successful 2006 Honda. Sponsorship was announced from a company called SS United, although nothing appears to have been paid.
Honda paid the bills.
With Sato partnered by Anthony Davidson the team was able to pick up points in both Spain and Canada, but the success led to legal action from the Spyker F1 team, which argued that Super Aguri had broken the terms of the Concorde Agreement. This year the two drivers remained the same and the car was little different, but Honda's willingness to continue with a second team waned, particularly after it was decided that teams have to build their own cars from 2010 onwards. Honda is keen to concentrate all of its efforts on the factory operation and has, in effect, agreed to swallow those losses, as there is precious little for the team to sell. The facilities from which SAF1 operates are leased from the American John Menard and much of the equipment belongs to Honda.
The news means that there is now a possibility of a settlement of the remaining arbitration fight between Force India and Scuderia Toro Rosso, and once that has been sorted out there is a strong likelihood that there can be a new Concorde Agreement, although the ongoing mess at the FIA may cause disruptions of a different kind, as Max Mosley is probably not in a position to do any deals until his status within the federation is sorted out. Once that is done and it is clear who is running the show, a new Concorde Agreement may become possible. There are, however, no guarantees that the future management of the federation will be willing to agree to the same terms that Mosley was happy with.
The disappearance of Super Aguri means that F1 is down to 10 teams and all are thus able to claim prize and travel money. There are, in theory, two available slots for new teams, but it is hard to imagine that anyone coming in to the sport will want to invest the kind of money needed to start a new operation and so the demise of Super Aguri will probably have the effect of pushing up the value of the remaining teams. Anyone wanting to get into F1 will now have to do it by buying an existing operation. It may be that when the budget-capping schemes under discussion become a reality there will be room for new teams again, but for the moment it makes little financial sense to start a team from scratch.
"Regretfully I must inform you that the team will be ceasing its racing activities as of today," said Suzuki. "The team has competed against the many car manufacturer backed teams and has succeeded in obtaining the first points after only the 22nd race, finishing in 9th place overall in the 2007 Constructors’ Championship. However, the breach of contract by the promised partner SS United Oil & Gas Company resulted in the loss of financial backing and immediately put the team into financial difficulties. Also, the change in direction of the environment surrounding the team, in terms of the use of customer chassis, has affected our ability to find partners.
"Meanwhile, with the help of Honda, we have somehow managed to keep the team going, but we find it difficult to establish a way to continue the activities in the future within the environment surrounding F1 and as a result, I have concluded to withdraw from the Championship.
"I would like to express my deepest thanks to Honda, Bridgestone, the sponsors, all the people who have given us advise during various situations over the past couple of years all the team staff who have kept their motivations high and always done their best, Anthony Davidson who has always pushed to the limit despite the very difficult conditions, Takuma Sato who has been with us from the very start and has always fought hard and led the team and lastly our fans from all over the world who have loyally supported the Super Aguri F1 team."
The team struggled through 2006 with an uncompetitive car, but for 2007 used a revised version of the successful 2006 Honda. Sponsorship was announced from a company called SS United, although nothing appears to have been paid.
Honda paid the bills.
With Sato partnered by Anthony Davidson the team was able to pick up points in both Spain and Canada, but the success led to legal action from the Spyker F1 team, which argued that Super Aguri had broken the terms of the Concorde Agreement. This year the two drivers remained the same and the car was little different, but Honda's willingness to continue with a second team waned, particularly after it was decided that teams have to build their own cars from 2010 onwards. Honda is keen to concentrate all of its efforts on the factory operation and has, in effect, agreed to swallow those losses, as there is precious little for the team to sell. The facilities from which SAF1 operates are leased from the American John Menard and much of the equipment belongs to Honda.
The news means that there is now a possibility of a settlement of the remaining arbitration fight between Force India and Scuderia Toro Rosso, and once that has been sorted out there is a strong likelihood that there can be a new Concorde Agreement, although the ongoing mess at the FIA may cause disruptions of a different kind, as Max Mosley is probably not in a position to do any deals until his status within the federation is sorted out. Once that is done and it is clear who is running the show, a new Concorde Agreement may become possible. There are, however, no guarantees that the future management of the federation will be willing to agree to the same terms that Mosley was happy with.
The disappearance of Super Aguri means that F1 is down to 10 teams and all are thus able to claim prize and travel money. There are, in theory, two available slots for new teams, but it is hard to imagine that anyone coming in to the sport will want to invest the kind of money needed to start a new operation and so the demise of Super Aguri will probably have the effect of pushing up the value of the remaining teams. Anyone wanting to get into F1 will now have to do it by buying an existing operation. It may be that when the budget-capping schemes under discussion become a reality there will be room for new teams again, but for the moment it makes little financial sense to start a team from scratch.
"Regretfully I must inform you that the team will be ceasing its racing activities as of today," said Suzuki. "The team has competed against the many car manufacturer backed teams and has succeeded in obtaining the first points after only the 22nd race, finishing in 9th place overall in the 2007 Constructors’ Championship. However, the breach of contract by the promised partner SS United Oil & Gas Company resulted in the loss of financial backing and immediately put the team into financial difficulties. Also, the change in direction of the environment surrounding the team, in terms of the use of customer chassis, has affected our ability to find partners.
"Meanwhile, with the help of Honda, we have somehow managed to keep the team going, but we find it difficult to establish a way to continue the activities in the future within the environment surrounding F1 and as a result, I have concluded to withdraw from the Championship.
"I would like to express my deepest thanks to Honda, Bridgestone, the sponsors, all the people who have given us advise during various situations over the past couple of years all the team staff who have kept their motivations high and always done their best, Anthony Davidson who has always pushed to the limit despite the very difficult conditions, Takuma Sato who has been with us from the very start and has always fought hard and led the team and lastly our fans from all over the world who have loyally supported the Super Aguri F1 team."
![Sad](https://acurazine.com/forums/images/smilies/sad.gif)
#15
Senior Moderator
Thread Starter
Originally Posted by moda_way
If I was a Ferrari, Mercedes or BMW, driver, I'd be glad they were gone. In some races, they were an obstacle on the course.
#16
Senior Moderator
Originally Posted by F-C
Then why not have only 6 cars in each race? The F1 grid is too small right now, I remember the days when qualifying actually meant qualifying. If you weren't in the top 26, you went home on Saturday. F1 needs more teams, even if they are backmarkers.
#17
6G TLX-S
The new "no customer car" rule in 2010 will sure push more bottom teams out of F1. Thanks to the FIA.
#18
Senior Moderator
Originally Posted by Edward'TLS
The new "no customer car" rule in 2010 will sure push more bottom teams out of F1. Thanks to the FIA.
![Why Me](https://acurazine.com/forums/images/smilies/whyme.gif)
#19
6G TLX-S
In a way this may be good for the Honda F1 team, now that all Honda resources can be concentrated on support one single team.
#20
Senior Moderator
Thread Starter
Originally Posted by Edward'TLS
The new "no customer car" rule in 2010 will sure push more bottom teams out of F1. Thanks to the FIA.
#22
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Originally Posted by F-C
Then why not have only 6 cars in each race? The F1 grid is too small right now, I remember the days when qualifying actually meant qualifying. If you weren't in the top 26, you went home on Saturday. F1 needs more teams, even if they are backmarkers.
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