Will Weigl save Super-Aguri from bankruptcy?

The German car company, Weigl Group, is ready to make a last-minute offer to Super-Aguri in an attempt to save the team from bankruptcy. For the past few days, the small team has been in a delicate position trying to secure its future.

Super-Aguri has previously dealt with the Magma Group and Dubai International Capital (DIC), but the agreement fell through. Aguri Suzuki was therefore looking for other investors.

Some sources claim that Weigl’s boss, Franz Josef Weigl, participated in the last crisis meeting with Super Aguri during the Spanish Grand Prix.

An agreement is said to have been proposed to be involved in the team’s survival as long as he is willing to finance it for the rest of the season, an amount estimated at around £6.5 million, which is more than €8.2 million.

Such an agreement would allow the team to survive in this 2008 season before finalizing a more long-term plan.

The owner, Aguri Suzuki, is flying to Japan as early as tomorrow for discussions with senior Honda officials. He is expected to present Weigl’s plan to the team that provides their engines.

Suzuki stated at the Spanish Grand Prix that the meeting with Honda would be essential for maintaining his team in Formula 1.