Indian company Spice Group who are the main force behind A1GP Team India have admitted that they are in talks with Super Aguri about a possible investment deal.
The group, if successful, will be the second major Indian investment into F1 after Vijay Mallya invested in the former Spyker team, now known as Force India. There is also an Indian GP coming the schedule in a couple of years.
The group deny that a deal has been reached.
“There has been no acquisition yet,” Spice Group CEO Sehgal was quoted as saying by the Indianinfo website.
“We are talking to two teams at the moment.
“One of them is Super Aguri. As now we are waiting to come up with a realistic valuation of the team. Should we find a number within our reach we will then proceed to buy.”
Super Aguri managing director Daniel Audetto confirmed yesterday the Japanese squad were looking for a partner who will invest in the team.
“We are talking with different people but first Honda has to approve it,” he told Reuters.
“We are also looking for a strong partner. If they bring a lot of money and they want a driver from wherever, then he has to be good and accepted by the FIA.”
If the investment goes through, then it is likely that Narain Karthikeyan could be place din the second seat at the team, forcing Anthony Davidson out. However, Honda who are a huge backer to the team providing engines, and possibly customer chassis’ want to keep Davidson a former test driver.
