HRT F1 Team Put Up for Sale by Owner

The HRT Formula 1 group has given confirmation that it is in search of a new proprietor after being put on the market by Thesan Capital.

Spanish investment firm Thesan took over the group from ex-proprietor Jose Ramon Carabante during July 2011.

Since then the group has moved to a novel unit situated in Madrid, where the Spanish team has commenced working from this term with Indian driver Narain Karthikeyan and Spaniard Pedro De La Rosa as drivers.

HRT has been at the rear of the network during 2012 and is presently in last position in the ranks.

AUTOSPORT comprehends the group appeared near to a sale to a Middle East-based purchaser by October end, and that discussions are still continuing.

HRT F1 Team Put Up for Sale by Owner
Spanish investment company stated that it was time for the group to discover a new possessor, which would aid it progress.

A declaration forwarded by the team stated, “The existing owners of HRT Formula 1 group, TC II S.a.rl., would like to verify that they are presently in discussions with several groups interested in purchasing the group.”

HRT Formula 1 Team existing management trusts to wrap up the sale in the forthcoming weeks and, with it, facilitate the group to carry on progressing and turn into a reference in current Formula 1 after the vital achievements already attained in this 2012 season.

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

We think the moment to allow novel investors prevail for HRT Formula 1 Team has arrived.

“We’re really proud of the work done by the whole group and of the brilliant sporting fruition attained but the time has come for the team to carry on growing with new financial supporting.

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