NEWS
Weigl group may rescue Super Aguri
May 04, 2008 - 09:42 AM
After much heartache and uncertainty, Super Aguri seems like they have found a lease of life. Talks are currently on between the financially ailing F1 team and the Weigl Group that could well resurrect the fortunes of the Japanese team. On the track, the team's progress has been slow and unsensational and hopefully, once they get the financial troubles out of the way, they could start showing some spark on the track. In a statement, the team said:
Super Aguri and Weigl Group AG are in final discussions concerning an agreement for a substantial shareholding of the Formula One team. Super Aguri believes this to be a just and reasonable offer that would secure its racing future.
Aguri Suzuki, Team Principal said, “We are happy that we have been able to resurrect talks between us and Franz Weigl at such short notice and to have the opportunity of presenting the WEIGL Group to the Honda Board once again. Such a partnership as the one proposed by WEIGL Group will allow us to race for the foreseeable future and I am hopeful that all parties will find the Group’s offer a realistic package.”
Franz-Josef Weigl, CEO, WEIGL Group AG said, “WEIGL Group has decided to speak out openly at this decisive time for SUPER AGURI F1 TEAM. We would like to express sincere support for the team’s participation in the Formula One World Championship and the Group’s, together with its sponsors and Partners, earnest intention to provide ongoing investment to secure the team’s future."
Let's hope this will be the last we hear of the team's financial worries for a while.
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