Administrators seek to sell Super Aguri

(GMM) The failed formula one team Super Aguri has been placed into administration.

The British accountants and business advisors PKF, who also handled the administration of Arrows in 2002, confirmed in a statement that it is seeking to sell the Leafield based outfit as a going concern.

"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 one season," directors Philip Long, Ian Gould and Brian Hamblin said in a joint statement.

They revealed that "several expressions of interest" have already been received.

PKF also handled the liquidation of Prost Grand Prix's UK interests seven years ago.