Apr.25 (GMM) Super Aguri on Friday morning confirmed that it will contest the Spanish grand prix at Barcelona's Circuit de Catalunya.

The struggling Honda-powered team did not however confirm who is financing the action, after it earlier emerged that the outfit did not have the necessary 2m euros to participate in the fourth round of the 2008 season.

Honda had already ruled out rescuing the team, making it clear that its supply of free cars, engines and technical support was now the limit of its involvement with Super Aguri.

We reported late on Thursday that the Leafield based team is apparently close to agreeing a new deal with Magma, after the group led by Martin Leach lost its proposed Dubai funding.