Magma Backs Out Of Super Aguri Purchase

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The Magma Group has informed Super Aguri that it no longer wishes to acquire the team.

This bombshell leaves Suzuki Aguri looking to Honda for a lifeline to keep racing this year, or even in two weeks. The statement, release by Super Aguri, read 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.

“It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however negotiations with other parties continue.”

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