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Formula 1 team Super Aguri enters administration

Kevin Reed, Accountancy Age, 07 May 2008

PKF adminnistrators take control of ailing Formula 1 team

Formula 1 team Super Aguri has entered administration.
Administrators from PKF have been appointed to the Langley-based team, which has struggled for funding since a proposed takeover collapsed.
Philip Long, Ian Gould and Brian Hamblin from PKF are acting as joint administrators.
'This administration provides a unique opportunity to get into high-level motor sport 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 1 season,' said Long in a statement.

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