Formula 1 News

Super Aguri withdraws from Formula 1 

The Super Aguri F1 team has announced on Tuesday its withdrawal from the 2008 FIA Formula 1 World Championship. The owner of the Japanese team, Aguri Suzuki, has stated: “In order to realize my dream to become an owner of a Formula One Team, I applied for a grid position in the FIA Formula One World Championship in November 2005.

“Since then, I have participated in the championship for two years and four months as the Super Aguri F1 Team, but regretfully I must inform you that the team will be ceasing its racing activities as of today.”

“The team has competed against the many car manufacturer backed teams and has succeeded in obtaining the first points after only the 22nd race finishing in ninth place overall in the 2007 Constructors’ Championship.”

“However, the breach of contract by the promised partner SS United Oil & Gas Company resulted in the loss of financial backing and immediately put the team into financial difficulties. Also, the change in direction of the environment surrounding the team, in terms of the use of customer chassis, has affected our ability to find partners.”

“Meanwhile, with the help of Honda Racing, we have somehow managed to keep the team going, but we find it difficult to establish a way to continue the activities in the future within the environment surrounding F1 and as a result, I have concluded to withdraw from the Championship.”

“I would like to express my deepest thanks to Honda, Bridgestone, the sponsors, all the people who have given us advise during various situations over the past couple of years all the Team Staff who have kept their motivations high and always done their best, Anthony Davidson who has always pushed to the limit despite the very difficult conditions, Takuma Sato who has been with us from the very start and has always fought hard and led the team and lastly our fans from all over the world who have loyally supported the Super Aguri F1 Team.”

source: Super Aguri