paulsimery: HRT put up for sale by Thesan Capital

Tuesday, November 13, 2012

HRT put up for sale by Thesan Capital | 2012 F1 season

HRT put up for sale by Thesan Capital is an original article from F1 Fanatic. If this article has been published anywhere other than F1 Fanatic it is an infringement of copyright.

Spanish F1 team HRT says it has been put up for sale by owners Thesan Capital.

“The current owners of HRT Formula 1 Team, TC II S.a.rl., would like to confirm that they are currently in talks with a number of groups interested in buying the team,” said the team in a statement on its 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 and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season.

“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 was originally formed by ex-F1 driver Adrian Campos to enter as Campos Meta in 2010. But it changed owners before the season began and became Hispania Racing Team.

Thesan bought the team last year, when it finished 11th in the constructors’ championship for the second year in a row. The team is still to score its first point, and is currently 12th in the standings.

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HRT put up for sale by Thesan Capital is an original article from F1 Fanatic. If this article has been published anywhere other than F1 Fanatic it is an infringement of copyright.