The German magazine AutoBild reports that Aguri Suzuki has sold 50% stake in the Super Aguri F1 team to Spanish billionaire Alejandro Agag. The GP2 team owner Agag has been linked with purchase of Super Aguri shares for quite some time.
Super Aguri run into financial difficulties after their sponsor SS United defaulted on the sponsorship payments during the 2007 season. They managed to secure few smaller sponsors before the 2007 Japanese GP at Fuji but still had to rely on massive support from Honda to keep on going.
The entry of Alejandro Agag into the Super Aguri would definitelly be good news for the Japanese team. Whether it is also good news for Super Aguri drivers Sato and Davidson is a different story. Sato is probably safe but not so Anthony Davidson. Super Aguri repeatedly stated they would prefer both their 2007 drivers to continue, but haven’t confirmed them yet mainly because of the uncertainties about team’s future. Now when Agag may be on board I would not be surprised if his own favourite (whoever it may be) enters the picture.
What puzzles me a bit is that why would a deal like this be done before the customer car arbitration is over and the issue what cars can and can’t race in 2008 is settled. Fifty percent stake in F1 team does not come cheap. Why would someone splash out the cash before knowing if the team actualy has a legitimate car to race with ? Or do Agag and Suzuki already know something we don’t ?
Update: Audetto, Managing Director of Super Aguri has denied the sale report:
“We have had no recent dialogue or an ongoing relationship with Agag.”