The future of Super Aguri

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Bowsey
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Aguri posts loss

Post by Bowsey » 30 Oct 2007, 19:58

Aguri posts £4.5m loss in first year

Super Aguri has posted a £4.5 million loss in its first year of Formula 1 competition.

With one of the smallest budgets of the 11 F1 teams, the Leafield-based outfit files abbreviated accounts that don’t show turnover figures.

F1 finance experts Formula Money estimate that it received a total of $5m (£2.5m) in sponsorship revenues in 2006, compared to more than $180m (£90m) for the likes of Ferrari.

Super Aguri has fewer than 100 employees while F1’s top teams have between 500 and 1,000 staff on their payroll.

Despite these disadvantages, the Japanese-owned team has not only survived, but made progress in 2007 and finished a respectable ninth in the constructors’ championship.

Its financial viability has relied on Honda underwriting its engine bills in exchange for advertising space on the car.

In recent weeks the team has announced a series of new sponsorship deals, although several of these were one-offs for its home grand prix in Japan.
Last edited by Bowsey on 30 Oct 2007, 21:55, edited 1 time in total.
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maltafan
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Re: Aguri posts loss

Post by maltafan » 30 Oct 2007, 21:09

not much of a surprise.

They need more sponsors, to help them improve their car. If they had enough sponsors, they would have bought the engines from honda, and in replacement, sell them the chazzis !grin!
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martinez
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Re: Aguri posts loss

Post by martinez » 02 Nov 2007, 21:45

super aguri have had a good season and with more sponsors could push to improve the car and be good midfield contenders :T:@
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metalhead188
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Re: Aguri posts loss

Post by metalhead188 » 08 Dec 2007, 23:35

this explains why honda was able to confince them them to waste test on young developmental drivers.....

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The future of Super Aguri

Post by iceman1 » 30 Jan 2008, 21:45

F1 could lose a team in 2008 - Mosley

Max Mosley says he is not confident that Formula One will make it through 2008 without losing a team.

Prodrive was expected to become the twelfth team this season, until David Richards baulked at the customer car issue.

More recently, F1 insiders have expressed grave concerns about the health of the Super Aguri team. The small Leafield based squad, powered and supported in 2006 and 2007 by Honda, is yet to announce a launch date for the 2008 season or confirm its driver line-up.

FIA President Mosley on Monday told reporters that he thinks Super Aguri will appear for the first race of the 2008 season, in Melbourne in mid March.

"I wouldn't like to stake my life on that. I think so, but you can't be certain," he said.

When asked if he is confident that all eleven teams will contest the entire 2008 championship, he is quoted as responding to PA Sport: "Not very.
Super Aguri struggled financially through the latter part of 2007 and was openly in search of partners.
Mosley acknowledges that, in the formative stages of his cost-cutting regimes, it is difficult for a private team to survive.

"As far as we are concerned they are a normal team perfectly entitled to race," he said.

"They're entered into this year's championship, and we expect to see them in Melbourne."

Source GMM


http://www.autosport.com/news/report.php/id/64908

May we see even two Indian teams on the grid?

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Re: The future of Super Aguri

Post by AzShadow » 31 Jan 2008, 08:36

http://en.f1-live.com/f1/en/headlines/n ... 3052.shtml
The Indian publication Daily News and Analysis (DNA) reports that the Spice consortium proposes a buyout price of just $1, including underwriting the small Japanese team's $47m in debt. Aguri Suzuki will reportedly be left in charge.


There's probably many interested in buying the team but Aguri wants to stay in charge and keep 51% of the shares so it's difficult to find anyone to back them up.

The team did get points last season so I wonder if they got any money from it..?
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Re: The future of Super Aguri

Post by maltafan » 31 Jan 2008, 21:50

considering their budget and expectations, I think Super Aguri did well, and I do not know why it's so difficult for them to find sponsors. However, no Japanese is known for administering any F1 team well.
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Jet
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Re: The future of Super Aguri

Post by Jet » 10 Mar 2008, 15:37

Well its confirmed that Magna will be their primary sponsor and will ensure funding throughout the season with its driver lineup confirmed, same as 2007

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metalhead188
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Re: The future of Super Aguri

Post by metalhead188 » 11 Mar 2008, 01:44

well the deal is not 100% done yet still some paper work to fill out....

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Re: The future of Super Aguri

Post by ezzy » 11 Mar 2008, 10:26

Magma is not a sponsor deal...
The group acquires Super Aguri.
We may have to wave goodbye to the name 'Super Aguri' later in the season.

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Re: The future of Super Aguri

Post by premier » 12 Mar 2008, 09:18


alonso5
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Re: The future of Super Aguri

Post by alonso5 » 14 Mar 2008, 13:13

they're useless anyway

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Re: The future of Super Aguri

Post by aza510 » 16 Mar 2008, 08:44

interesting

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Re: The future of Super Aguri

Post by iceman1 » 17 Apr 2008, 12:02

Enter the Germans…

Yesterday’s news of the planned takeover of the Super Aguri Formula One team by the British Magma group falling through came of little surprise after a month of delayed announcements of a finalized sale. Originally due to go through at the season opening Australian Grand Prix, the deal was put off to Malaysia, then Bahrain, then last week, before the final verdict was read…



“Super Aguri confirms that it has been informed by Magma Group, the potential purchasers of the team, that its investors no longer wish to fund the intended acquisition. It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however negotiations with other parties continue.”



While other media outlets may be rushing to produce headlines shouting disaster for F1’s tiniest team, we here at AM365.com know better.



As revealed in our exclusive spies report from Bahrain, Super Aguri will not be too worried, or surprised by this news as a German car supplier company is just waiting in line to take over with what is said to be a more serious financial plan than the one presented by Magna. The reason they didn’t go with this one first was simply because before an English based team ties up with a German partner they prefer to exhaust their British options.



Options exhausted, so now it is time to move on to the next offer

they just made a huge aquisition of Siemens VDO (ex Mannesmann) with some very hot active suspension, drive and telemetrique technology they are sponsoring soccer

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Re: The future of Super Aguri

Post by HamiltonF1 » 17 Apr 2008, 13:24

alonso5 wrote:they're useless anyway


your useless....
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