Team Creation
Talks to start the team began in February 2005, but it was not until September that plans started to take shape. The team registered its intention to enter the Formula One World Championship to the FIA, Formula One's governing body, on 1 November (ahead of the governing body's 15 November deadline). However, the FIA's official press release of the entry list for 2006 confirmed that it had not approved Super Aguri's entry: this was reported to be due to the team's failure to produce the required $48 million entry bond on time. The team re-applied for entry in 2006, and continued to prepare cars for the upcoming season. Having missed the initial registration, the team needed to convince the existing ten teams to unanimously agree to its entry. It appeared that the Midland team was blocking on the grounds of potentially reduced TV revenue, but it was eventually granted the necessary unanimous agreement and the team's entry was confirmed by the FIA on 26 January 2006.
Read more about this topic: Super Aguri
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