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Super Aguri put into administration 07 May 2008

Anthony Davidson (GBR) Super Aguri F1 SA08A on the grid.
Malaysian Grand Prix, Rd 2, Race, Sepang, Malaysia, Sunday, 23 March 2008 Super Aguri Racing F1 Team Team photograph.
Formula One World Championship, Rd 3, Bahrain Grand Prix, Race Day, Bahrain International Circuit, Bahrain, Sunday, 6 April 2008

Administrators have been appointed to seek a buyer for Super Aguri. It follows boss Aguri Suzuki’s decision earlier this week to cease racing activity and withdraw the team from the 2008 FIA Formula One World Championship.

The administrators say they are seeking to sell the business as an ongoing concern to a company or individual looking to launch a Formula One or other motorsport operation and claim that several expressions of interest have already been received.

Super Aguri, based at the former Arrows factory at Leafield in the UK, had competed in Formula One since 2006 and finished ninth overall in the 2007 constructors’ championship. In addition to their two drivers, Anthony Davidson and Takuma Sato, the team employed more than 90 people at the site.

In a statement, joint administrator Philip Long said: “This Administration provides a unique opportunity to get into high-level motorsport without having to build an operation from scratch. In terms of capability a new team could easily be up and running for the 2009 Formula One season.

“Virtually everything is in place including the people, the technical expertise, the laboratories and testing facilities. A new team could walk in and take over a fully operational unit from day one. There are a number of other motor sport projects being undertaken which should interest the motor racing world.”