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Saturday, 9 February 2008, 09:29 GMT

Super Aguri seeking new investors

Aguri Suzuki Formula One minnows Super Aguri are in talks with new investors to avert a potential financial crisis.

The Japanese outfit has struggled to find enough funding since ex-F1 driver Aguri Suzuki founded the team in 2005.

Suzuki said: "There are many things to be resolved at all levels. But we will be alright, we will never disappear."

Suzuki also confirmed his Honda-backed outfit intends to retain Takuma Sato and Anthony Davidson as his team's drivers for the 2008 season.

An Indian consortium, led by the Spice Group telecom company, last week said it was interested in buying into Super Aguri on condition that Indian driver Narain Karthikeyan be put in the cockpit this year.

606: DEBATE
"I'm rooting for Super Aguri. I have no idea why. Maybe I've been influenced subliminally."
Castor

Karthikeyan, 30, became India's first F1 driver with Jordan in 2005. He tested for Williams in the past two years but his contract was not renewed.

The website of the American broadcaster Speed TV also reported rumours that an unidentified Russian consortium had emerged as a potential investor in Super Aguri.

And it was claimed last week that Spanish businessman Alejandro Agag had bought as much as 50% of the team, which is based in Leafield, England, but this has also been denied.

Suzuki said: "We are holding talks with a few companies not mentioned before.

"I don't think we will have a contract with any of the rumoured ones. We have had talks with them but various factors have cropped up."



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Related to this story:

Super Aguri (13 Nov 07 |  Teams )
Super Aguri handed F1 green light (26 Jan 06 |  Formula One )
New team bidding for F1 status (01 Nov 05 |  Formula One )
Davidson gets Super Aguri drive (15 Nov 06 |  Formula One )

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