Apr.24 (GMM) According to speculation in the Barcelona paddock, Super Aguri is close to agreeing a new deal with the Dubai-funded Magma Group.

Whether the contracts can be signed in time for Takuma Sato and Anthony Davidson to participate in the Spanish grand prix, however, is another matter.

Honda - Super Aguri's free car, engine and technical supplier - is apparently adamant that pen must be put to paper before the SA08s get the green light to exit the Circuit de Catalunya pit garages.

The struggling Leafield based team has at least fully set up shop at the circuit, complete with 60 members of the race team and its comparatively dwarfed motor home in the paddock.



"We advise that discussions regarding investment are ongoing, however, due to legal conditions, we are unable to expand on, allude to or provide further details regarding this confidential matter at present," the team said on Thursday.

"We would like to thank our team partners, suppliers, our fans and colleagues in the media for their continuing patience and support, and we look forward to our weekend at the Barcelona grand prix."