Apr.18 (GMM) A team co-owner has confirmed Super Aguri's dire financial situation, but clarified reports of a now less than two-day deadline for survival.

It was reported that the Japanese outfit needed to replace the mislaid Magma Group backing so urgently that team transporters might have their scheduled departure for the Spanish grand prix called off on Saturday.



Team co-owner Fumio Akita, a long time business partner of team boss Aguri Suzuki, did however admit that Super Aguri is in danger of missing the forthcoming Barcelona race.



"It's possible," he told Reuters on Friday.

At the risk of permanent exclusion from the sport, all teams are required to attempt to qualify for every grand prix on the calendar.

"Even if we have the money to go to Spain we might not be able to carry on after that," he added.

Akita, though, denied that Saturday is the final deadline.

"I don't think there will be a decision until after the weekend," he said. "It is likely to be Monday or Tuesday until we hear. It will be very, very tight."