That is the insistence of Fumio Akita, despite former co-owner and team boss Aguri Suzuki recently suggesting to the Japanese press that he is interested in reviving the collapsed project.

Akita told Reuters: "There's absolutely no chance.  Even without the world financial crisis and its effect on Japan's economy we couldn't afford it."

With Honda's technical and financial backing, Super Aguri operated on a small budget in 2006 and 2007, then folding after four races of last year's championship.

Akita continued: "We already pulled out once because we did not have the resources to continue.  Even if we had $60 million to spend we would have to start from scratch again.

"We don't know where these newspaper reports came from but Aguri has also said there's no chance," he added.

Further pacifying the Super Aguri rumors, its star driver Takuma Sato has admitted on a visit to the Indy 500 preparations that he is keen to pursue a future in America's open wheeler scene.