EDITOR'S CHOICE NEWS Floods: A year on Return after dramatic rescue 'Golden' Game Fair expects 138,000 HELEN'S PUBS The Kingsbridge Inn, Bourton-on-the-Water: An attractive pub next to the river CINEMA Lars and the Real Girl, Garage and Son of Man VOTE Do you agree that the system of waste collection needs to be changed? YES NO GET OUR NEWS BY E-MAIL Just register

Most read Comments 1 Trapped dog freed from mine shaft 2 Go-slow planned on M40 3 Passengers injured in M40 smash 4 M40 drivers face delays 5 Open day promotes motorcycling 6 Millionth Mini leaves Cowley 7 Wacky racers head for Mongolia 8 Fears for missing man 9 TA veteran meets PM 10 Training at Academy Today | 7 Days 1 Trapped dog freed from mine shaft 2 Update: UK 'ill prepared' for floods 3 Longest serving shopkeeper dies 4 Crash death victims named 5 Lidl's plans 6 Killer's ashes 'buried near Woodstock' 7 Nursery’s plea for time rejected 8 Burglars target mobile homes 9 Why can't attackers be named? 10 Bulldozers take over nursery

Comment | Read Comments (1)

The Leafield Technical Centre

ACCOUNTANTS who have taken over the Super Aguri motor-racing team in West Oxfordshire are hoping to sell it as a going concern.

However, uncertainty surrounds the future of the team's 90 employees at the Leafield Technical Centre, which was formed in November 2005 by former Grand Prix driver, Aguri Suzuki.

Last week, Philip Long, Ian Gould, and Brian Hamblin, of administrators PKF Accountants, said they were hoping to sell the business 'to a company or individual looking to launch a Formula One or other motorsport operation'.

Several expressions of interest have already been received, said Mr Long.

He said: "This administration provides a unique opportunity to get into high-level motorsport without having to build an operation from scratch.

"In terms of capability, a new team could easily be up and running for the 2009 Formula One season.

"Virtually everything is in place, including the people, the technical expertise, the laboratories, and testing facilities.

"A new team could walk in and take over a fully operational unit from day one. There are a number of other motorsport projects being undertaken, which should interest the motor-racing world."

Mr Suzuki blamed a contractual dispute and difficulties in getting fresh financial backing for the decision to stop racing.

The team's cars used parts from rival manufacturer Honda, and were built in Leafield, the former home of the Arrows F1 team.

Arrows folded in 2002, owing millions of pounds to creditors and thousands of pounds in unpaid wages.

2:11pm Monday 12th May 2008

Print

Email this

Comment

Add your comment

Name:
Email: *
Location:
**
	e.g. 123-123
Comment: Please note: All HTML tags will be ignored. Format Text:
By posting a comment, I confirm that I have read and agree to the terms of use. Comments are not moderated but we will react if anything that breaks the rules comes to our attention and we may delete inappropriate postings. Please treat other people with respect. You must not post anything that is abusive, indecent, unlawful or defamatory. Remember, you are personally liable for what you post on this site. If you wish to complain about a comment, contact us here.
* Your email address will not be displayed ** To avoid register now or login