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OzRacingWrap

<p>In a press release today Super Aguri  confirmed that the planned sale of the team had fallen through.  The team is now fully dependent on Honda providing finanical support until an alternative can be found.  If Honda withdraw support, it is likely Aguri will fold, possibly prior to the Spansih Grand Prix.

<p>The statement is as follows "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.

<p>"It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however negotiations with other parties continue."

Category: Formula One -- posted at: 8:25 PM
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