HRT up for sale

Hispania F1 Team are on the market today after being put up for sale by its current owners, Thesan Capital, who bought the Spanish team in mid-2011 from former owner Jose Ramon Carabante.

The team which has been struggling, and is currently positioned at the bottom of the standings, is still a long way off the speed of the mid-field, but has met the targets it set pre-season, notably moving to a swanky new factory in Madrid.

Thesan Capital said in a statement that they were actively looking for a buyer, and hoped to announce something in the next few weeks. In a statement, the Spanish investment company confirmed it was seeking a buyer for the team and hoped to announce something in the coming weeks.

“HRT Formula 1 Team’s current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season,” a team statement said.

“We believe the moment to let new investors come through for HRT Formula 1 Team has arrived,” said the team. “We’re very proud of the work done by the entire team and of the excellent sporting evolution achieved but the time has come for the team to continue growing with new financial backing. We’re convinced that the sporting potential of the team is huge and that the presence of new investors can give it a big boost.”

There has recently been speculation that Hispania could be the first team to give a chinese driver a seat in F1, possibly pairing current driver Pedro de la Rosa with Ma Qinghua, in place of Indian driver Narain Karthikeyan, who is expected to lose his seat.

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1 Comment

Filed under F1

One response to “HRT up for sale

  1. Middle Eastern owner apparently…hence TATA saying goodbye with Kartkekeyan moving on with Ma Quing Hua striving on. Excellent pit crew so no problems there.

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