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Super Aguri optimistic over new Weigl deal 02 May 2008

Franz-Josef Weigl (GER) Weigl Group GmbH (centre) talks with Aguri Suzuki (JPN) Super Aguri F1 Team Principal on the grid. Formula One World Championship, Rd 4, Spanish Grand Prix, Race Day, Barcelona, Spain, Sunday 27 April 2008. World © Sutton (L to R): Anthony Davidson (GBR) Super Aguri F1, Richard Lane (GBR) Super F1 Race Engineer, Emma Buxton (GBR) Super Aguri F1 Team Press Officer and Franz Josef Weigl (GER) Weigl Group GmbH on the grid. Formula One World Championship, Rd 4, Spanish Grand Prix, Race Day, Barcelona, Spain, Sunday 27 April 2008. World © Sutton

Super Aguri have revealed they are in final discussions with the Weigl Group concerning a deal that would secure the troubled team’s racing future. If the deal is approved it will see the German automotive company acquire a substantial shareholding in the Japanese squad.

“We are happy that we have been able to resurrect talks between Super Aguri F1 Team and Franz Weigl at such short notice and to have the opportunity of presenting the Weigl Group to the Honda Board once again,” said team founder Aguri Suzuki.

“Such a partnership as the one proposed by Weigl Group will allow us to race for the foreseeable future and I am hopeful that all parties will find the Group’s offer a realistic package.”

The renewed discussions with Weigl follow the collapse last month of a planned takeover by the Magma Group, which forced Suzuki to resume his search for new backers for his Honda-powered team.

“Weigl Group has decided to speak out openly at this decisive time for Super Aguri F1 Team,” said Weigl Group CEO Franz-Josef Weigl, who attended last weekend’s Spanish Grand Prix. “We would like to express sincere support for the team’s participation in the Formula One World Championship and the Group’s, together with its sponsors and Partners, earnest intention to provide ongoing investment to secure the team’s future.”

The deal is now thought to require the backing of the Honda Board if it is to gain approval prior to next weekend’s Turkish Grand Prix in Istanbul.