[khanak]

Well that didn't take long. After only two years on the grid, Super Aguri is up for sale. Unlike most of the other "new" teams that took over and rebranded themselves from previous teams, Super Aguri actually put up the bond to join the 2006 Formula One championship as an additional entry. Since then, however, the team has had difficulty putting together the enormous budget required of a modern F1 team, falling into debt to the tune of $47 million, despite getting support from Honda and running old cars.
Now, following the emergence of Force India and the confirmation of an Indian Grand Prix in two years, another Indian business consortium is looking at buying its way into the sport. The Spice Group telecommunications company, which already sponsors Indian former F1 driver Narain Karthikeyan's Team India A1GP car, is reported to be negotiating to acquire Super Aguri. Tata, which is inching closer to its acquisition of Land Rover and Jaguar (which itself once had its own F1 team), is reported to be possibly supporting the bid. The price: $1, plus the coverage of the team's debts. The deal hasn't been finalized, but would involve bringing Karthikeyan back to the grid, and leaving Aguri Suzuki in charge. Spice confirms that it is talking with Aguri and a second team. In related news, Red Bull boss Dietrich Mateschitz has reiterated that Scuderia Toro Rosso is not for sale.

REPORT: Super Aguri on sale for $1 - Autoblog

cheers: India Shining? cheers:

[madan80]

i'll put the $1... but cant absorb $47M debt!

[ram_hyundai]

its a too riky game to play but still i smell a reliance F1 ,mixed with some TATA F1 .should we hope for it ,or is it worth spending that much indian money on a technology stricken driver stricken team.
ram

[snaronikar]

I saw this news in TOI y'day. But is it really possible?

[srishiva]

Also the TOI article said that Honda is not happy with Narain and wouldn't want him.

[khanak]

I dont know about Super Aguiri, but Tata should pick up an F1 team to relaunch the Jaguar brand.

[2theMax]

Originally Posted by khanak

I dont know about Super Aguiri, but Tata should pick up an F1 team to relaunch the Jaguar brand.

That's a sensible thought khanak,and why not super aguri ?,they are no different to spyker.
So what happens to TCS's contract with ferrari if the aguri deal goes through ?

[MustangMan]

TCS Ferrari deal should no longer exists, as all cars will use Mclaren made standard ECUs.

[2theMax]

Originally Posted by MustangMan

TCS Ferrari deal should no longer exists, as all cars will use Mclaren made standard ECUs.

The contract is not only for ECU's,it involves lot other off track data capture, management and analysis, our company still does it for ING Reanult including the testing,

Still agree with you the contract should no longer exists as its conflict of interest ...

[Akshay1234]

Originally Posted by 2theMax

That's a sensible thought khanak,and why not super aguri ?,they are no different to spyker.
So what happens to TCS's contract with ferrari if the aguri deal goes through ?

how would that matter. tata also sponsors williams and tcs is with ferrari.

[varun_patra]

Spice Energy who have India's A1 seat are the bidders for Super Aguri .

[BUSA]

This is good news, next some Indian should buy Mclaren, this way we will be ahead on the grid.

[thangu]

Originally Posted by khanak

I dont know about Super Aguiri, but Tata should pick up an F1 team to relaunch the Jaguar brand.

Given Tata's aggressiveness over the past few months, it may happen. But there have also been some news articles about Ford raising the prices for Jag/LR combo since they had good profits last year.

Tata will need a huge amount of monies to get everything going at once....

[khanak]

Originally Posted by thangu

Given Tata's aggressiveness over the past few months, it may happen. But there have also been some news articles about Ford raising the prices for Jag/LR combo since they had good profits last year.

Tata will need a huge amount of monies to get everything going at once....

I guess the correct way to go about it would be to first co sponsor the team with another company and once the Jag F1 engine is ready they could buy over the team completely.

Two F1 teams owned by India? Thats a little less than 20% of the grid owned by a country where 80% probably havent even heard of F1. We all got so excited when Narain Karthikeyan got an F1 seat and an Indian in F1 was unheard of. And now.............

[viper316]

Hi,

i want the reliance group to buy a F1 team . since they have all the money in the world to afford