Super Aguri say 'no chance' of F1 return

Alastair Himmer,Reuters
Monday 11 May 2009 10:30 BST
Comments
(GETTY IMAGES)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Super Aguri have emphatically quashed media speculation of a shock return to Formula One, a year after financial difficulties forced the Japanese team to quit the circuit.

"There's absolutely no chance," former co-owner Fumio Akita told Reuterstoday in response to last week's local media reports that team boss Aguri Suzuki may be tempted to return if new caps on spending were introduced.

"Even without the world financial crisis and its effect on Japan's economy we couldn't afford it."

The sport's governing body FIA is hoping to introduce an optional budget cap of £40m next year, excluding driver salaries and marketing expenses.

The figure represents 25 per cent of what some teams have been spending and those who accept the cost cap would get greater technical freedom than those with unlimited budgets.

"We already pulled out once because we did not have the resources to continue," Akita added. "Even if we had $60 million to spend we would have to start from scratch again.

"We don't know where these newspaper reports came from but Aguri has also said there's no chance (of a return)."

Super Aguri withdrew from F1 after a promised major sponsorship deal collapsed and backers Honda were not prepared to offer long-term support.

With the global economic downturn biting hard, Honda subsequently pulled out of Formula One themselves to cut costs amid slumping car sales.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in