RIP: Super Aguri F1 Team folds due to lack of funds

Super Aguri announced today that it would immediately be ending its participation in Formula 1 after funding for the team has all but dried up. The news comes not long after Super Aguri was denied access to the Turkish Grand Prix paddock area due to its mounting financial issues. Honda has been Super Aguri's main source of funding, but is apparently tired of diverting money from its own F1 team despite pronouncing as recently as last December that it would fund the Honda "B-squad" through the 2008 season. The Japanese automaker also wasn't keen on an 11th hour buyout offer for Super Aguri from German automotive firm Weigl. The team hasn't been on sound financial footing for some time, and the breakdown of negotiations with the Dubai-based Magma Group in April certainly didn't help matters. This leaves Anthony Davidson and Takuma Sato without cars to drive for the rest of the season and narrows down the starting grid for the Turkish Grand Prix this weekend to ten teams and 20 vehicles. Thanks to all who tipped in.

[Source: BBC Sport, Photo by YOSHIKAZU TSUNO/AFP/Getty]

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