Apr.17 (GMM) A team insider has painted a bleak picture of Super Aguri's race against time for survival.



The Japanese team announced on Wednesday that the expected backing of the agreed buyout group Magma will not materialise.



After Super Aguri sat out the Barcelona test this week, a team insider told the German magazine Auto Motor und Sport late on Wednesday: "We have exactly three days to find an alternate solution.



"If we do not find the money, we cannot race," he added ominously.



The three day deadline is believed to relate to the need for transporters to leave the Leafield factory for Barcelona's Circuit de Catalunya on Saturday, ahead of the Spanish grand prix the following weekend.



The struggling team is now hoping for a bail-out by previous team backer Honda, or F1 chief executive Bernie Ecclestone, who will be hoping to retain a full grid.



It is also rumoured that a German company, and possibly also a group from America, are still interested in buying Super Aguri.