Aguri Suzuki's new F1 team was handed a whopping bitch-slap by the FIA the team's application to run the 2006 series has been denied. While no reason was given, it's rumored that the Super Aguri team has failed to come up with the $48 million bond required to compete. The team, which was in talks to buy four-year old Arrows cars from Minardi as a way to race this season, may still have one more shot at entering late, but it requires the agreement of all of the other teams before the March 12 opener in Bahrain.
Japanese team are refused F1 entry [CNN]
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