HRT could be set to rise from the ashes following interest from an American and Canadian Group.
The group of investors calling themselves Scorpion racing are looking to take over the bankrupt Spanish team which seemed to have bowed out of the sport following three years of unsuccessful racing and money problems.
Autosport is reporting that the investors are already in advanced discussions with F1 ringleader Bernie Ecclestone and have received his blessing to appear on the 2013 grid, should the failed team be taken over in time.
If not, and the more likely of the two outcomes, Scorpion will be made wait until 2014 before making an appearance.
Plans have not yet been revealed, but it’s believed the team would operate from a location near Silverstone with the current chassis and Cosworth engines.
It is unlikely that a full takeover could be made, with an entire team of engineers, drivers, technical directors, background staff etc. being developed before the season kicks off with the curtain opener in Melbourne on March 17th.
BAR’s collapse at the end of 2009 in similar circumstances left Ross Brawn picking up the pieces at the last minute to make a team under his name, now called Mercedes, winning both Championships in 2009.
However, a similar success story is unlikely for Scorpion who are yet to even finalize a deal.