Super Aguri

Super Aguri F1 was a Formula One team that competed from 2006 to 2008. The team, founded by former F1 driver Aguri Suzuki, was based in Tokyo, Japan but operated from the former Arrows factory in Leafield, UK. The cars were referred to as Super Aguri Hondas, with the team functioning to some degree as an unofficial Honda 'B'-team. In Japan, public pressure persuaded Honda to help its former driver Takuma Sato to continue to compete in Formula One. This was influential in the creation of Super Aguri's F1 project and the engine supply from Honda. After participating in the championship for 2 years and 4 months, the team withdrew from F1 part-way through the 2008 season due to financial difficulties.

Team creation
The team faced a daunting challenge merely to be ready for the first race of the season. Initially, it notified the FIA on November 1 (ahead of the governing body's November 15 deadline) of its intention to enter. However, the FIA's official press release of the entry list for 2006 confirmed that it had not approved Super Aguri's entry: this was reported to be due to the team's failure to produce the required $48 million entry bond on time.However, the team re-applied for entry in 2006, and continued to prepare cars for the upcoming season.Having missed the initial registration, the team needed to convince the existing ten teams to unanimously agree to its entry. It appeared that the Midland team was blocking on the grounds of potentially reduced TV revenue, but it was eventually granted the necessary unanimous agreement and the team's entry was confirmed by the FIA on 26 January 2006.Super Aguri kept their 2007 drivers Takuma Sato and Anthony Davidson, following the acquisition of an unspecified portion of the team by the Magma Group.- Luca Filippi was once linked to a drive in 2008 however he has since signed to the GP2 Team ART Grand Prix partnering Romain Grosjean. On January 8 2008 the team announced that the SA08 would be lauched in Barcelona, Spain.[17] On February 12 Super Aguri postponed the SA08 launch and did not announce for how long due to their uncertainty of the future of the team.The team has since said that although it has cancelled its attendance at the final pre-season tests because some parts had not arrived, it expects to compete at the first race of the 2008 season in Australia. However, Magma have pulled out of their proposed takeover leaving Super Aguri's future in doubt again. The Super Aguri F1 Team travelled to Barcelona and competed in the 2008 Spanish Grand Prix, allegedly aided by financial support from F1 supremo, Bernie Ecclestone. On arrival at the Istanbul Park for the 2008 Turkish Grand Prix, Super Aguri's trucks and motorhomes were denied entry to the circuit, because Honda Racing CEO Nick Fry reportedly told the race organizers that Super Aguri would not be taking part.On May 6 2008, team founder and principal Aguri Suzuki announced that they are to withdraw from the 2008 FIA Formula One World Championship with immediate effect due to financial problems, citing the breach of contract by the promised partner SS United Group Oil & Gas Company resulting in the loss of financial backing as putting the team into financial difficulties. It was confirmed on 7th May that Super Aguri have gone into administration after a team of corporate recovery partners was appointed to seek a buyer for the operation.