http://www.itv-f1.com/News_Article.aspx?PO_ID=34632 So now they have to pinch out 48m and get the signatures of all ten teams to be granted late entry. And come up with a chassis. $.5 says they'll sit out the year.
The FIA rejected the Super Aguri team for the 2006 season. Sounds like they didn't have the 48 mio cash ready. That leaves Sato and Davidson without a seat. Will BMW change their minds now?