Super Aguri face Friday deadline

Discussions between Super Aguri and investors are continuing as they bid to put together a deal to secure their future after the collapse of a proposed bid being put together by Magma Group.

Although Magma remain in talks with potential backers Dubai International Capital (DIC) to try and reach a fresh settlement, there has not yet been any agreement on the matter.

And although Super Aguri are present at this weekend's Spanish Grand Prix, it is understood that the team will only be allowed to take part in the event if a deal is put in place tonight.

Honda Racing appear unwilling to support Super Aguri any more and the Japanese manufacturer will have the final say on whether or not Super Aguri run.

The team's CEO Nick Fry told autosport.com that Super Aguri needed to sort the matter out immediately.

"Our position is that Honda have given Super Aguri every available bit of support over and above what was anticipated," said Fry.

"We tried to help as much as possible and Honda never intended to fund two F1 teams. We've gone way beyond what was ever originally anticipated. Now Aguri has got to find some money."

When asked if Honda would prevent Super Aguri from competing, by perhaps not allowing them to run their engines, if no deal was in place, Fry said: "Discussions with the investors are still going on, but until we get to tomorrow morning I would not like to say."