Formula One minnows Super Aguri were struggling for survival on Thursday after being dealt a hammerblow by a potential investor pulling out of a deal to rescue the cash-strapped Japanese team.Founded in late 2005 by former Japanese F1 driver Aguri Suzuki, the team is now a major doubt to make the grid for the Spanish Grand Prix on April 27.It was announced in March that Magma Group, a British motor industry consultant firm led by former Ford and Maserati executive Martin Leach, was in talks to acquire them.Honda, which has provided engines and other support to Super Aguri, was also party to the negotiations.But Super Aguri announced late Wednesday that they had been informed by Magma that "its investors no longer wish to fund the intended acquisition.""It is with deep regret that Aguri Suzuki is now forced to consider the future of the team, however, negotiations with other parties continue," the team said in a statement.The BBC quoted Formula One commentator David Croft as saying that Magma's major investor, Dubai International Capital, could be "stalling to lower the price-tag for a buyout, which is worth around 50 million pounds (USD 98.5 million).""The majority of that money goes to Honda F1 who have been building and supplying the cars for Super Aguri," he said."If Honda can be persuaded to lower the price then maybe a deal can be resurrected but the team need to find a solution fast."
