Super Aguri face Friday deadline

April 24, 2008

Autoport.com is reporting that Honda have given Super Aguri until Friday to find other financing. This is surprising in that if Super Aguri go under Honda has the most to lose.

Discussions between Super Aguri and investors are continuing as they bid to put together a deal to secure their future after the collapse of a proposed bid being put together by Magma Group.

Although Magma remain in talks with potential backers Dubai International Capital (DIC) to try and reach a fresh settlement, there has not yet been any agreement on the matter.

And although Super Aguri are present at this weekend’s Spanish Grand Prix, it is understood that the team will only be allowed to take part in the event if a deal is put in place tonight.

Posted in Honda, Super Aguri