Suzuki looking to sell stake in team

The Leafield-based outfit are on the lookout for a financial partner to help secure their future, with the team well aware that they cannot rely on partners Honda to fund them in the longer term.

The urgency to find a cash injection has increased because major sponsor SS United has defaulted on payments. This has left the team a budget shortfall that needs to be filled.

Agag, who earlier this year brought a majority stake in the Campos Grand Prix GP2 team, has made no secret of the fact that he has been looking at opportunities for himself in F1.

And matters have moved forward after Agag met Super Aguri owner Aguri Suzuki at the Hungarian Grand Prix to begin discussions about a future partnership.

Speaking to autosport.com, Suzuki denied that a deal had been completed but confirmed that talks were ongoing.

"The team have not been sold but we are talking," said Suzuki. "He (Agag) is one of the few people that we are currently talking to. We met in Budapest for the first time after being introduced by Adrian Campos."

It is understood that Aguri are only considering selling off a minority shareholding in the team, and that even if discussions with Agag are successful then Suzuki will remain team boss and the outfit continue to be Japanese.

Managing director Daniel Audetto said: "We will welcome someone like Alejandro who is willing to show interest in our team and help us."