HRT up for sale

Monday 12th November 2012

Share:

HRT up for sale

HRT up for sale

The owners of HRT have confirmed that they are in talks with potential investors about selling the team.

Investment group Thesan Capital are looking to offload their shares in the team just 16 months after buying a controlling stake in the Spanish outfit from Jose Ramon Carabante.

"The current owners of HRT Formula 1 Team would like to confirm that they are currently in talks with a number of groups interested in buying the team," read a statement on the team's official website.

"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.

"HRT Formula 1 Team hopes to communicate the name of its new owner in the upcoming weeks.

"We believe the moment to let new investors come through for HRT Formula 1 Team has arrived.

"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."

HRT - formerly known as Campos Meta 1 and Hispania Racing - entered Formula One in 2010 but have yet to score a point.

Formula 1 Descends On Suzuka

Editor's Picks

10 Reasons For Three-Car Teams

10 Reasons For Three-Car Teams

What's not to like about three-car teams? Bernie's suggestion has been dismissed by the purists, but it would tighten up the racing...

Winners & Losers: Singapore

Winners & Losers: Singapore

Lewis may have beaten Nico by 33 centimetres on Saturday, but on Sunday he finished 47 laps down the road...

Getting To Know Marchionne

Getting To Know Marchionne

Ferrari fans needn't be worried about Sergio Marchionne - he comes with a pedigree of turning round businesses...

Highlights Of Luca's Tenure

Highlights Of Luca's Tenure

Luca di Montezemolo is Ferrari through and through, from spending time as Enzo Ferrari's assistant to assuming control in 1991...

Tin Foil Hats At The Ready

Tin Foil Hats At The Ready

Twice this season Lewis Hamilton has accused Nico Rosberg of deliberately making a mistake. Was Monza number three?