Super Aguri will be on Australian grid

The Super Aguri F1 Team has confirmed to newsagency 'Reuters' that they will be on the grid at the Australian Grand Prix in two weeks time. The team has missed most of the winter test sessions as they are struggling with financial problems. The search for new investors continues for the Japanese team.

Fumio Akita, co-owner of the Super Aguri F1 Team, said to Reuters: "The cancellation was because some parts hadn't arrived in time. We are usually scrambling to be ready for the start of the season. It was very tight last year and this year is following the same pattern. But we will be on the grid for Melbourne. We're not worried at all about missing out.

"Talks are still going on and I'm told there are three potential investors. Obviously, we have to think of the future and what's best for the team. It might be 100 percent (of the team being sold). But obviously any sponsors or investors who leave the infrastructure there and back the team to improve results would be ideal. How much any potential stake in the team would be does depend on the conditions the investor has. But even if it's a 100 percent stake you can't sensibly get rid of the team per se."

"If you have no Aguri Suzuki you probably lose Honda as engine suppliers. If investors come in and say they can bring in BMW engines that's a different story. But even if we give up 100 percent share it doesn't necessarily mean the owner or the team name goes with it."