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The rapid rise and quick descent of Super Aguri

Super Aguri's application to join Formula 1 became a reality on this day in 2005, although formal confirmation had to wait for another month. The team's initial attempt had been turned down after they were unable to produce the necessary $48 million bond. Because it re-applied after the official deadline for 2006, it needed the unanimous consent of all the existing teams. This was finally secured on December 22, with the Midland F1 team being the last to agree. Founded by former F1 driver Aguri Suzuki, Super Aguri was in large part an unofficial Honda 'B-team' and officially headquartered in Tokyo. However its actual base of operations was the former Arrows factory at the Leafield...
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