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Thesan Capital puts HRT Formula One team up for sale

By Berthold Bouman

Just ahead of the United States Grand Prix, HRT owner Spanish investment company Thesan Capital has said in a statement the Spanish outfit is for sale, and are currently ‘in talks with a number of groups interested in buying the team’.

HRT for sale

The statement further read, “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.”

The Spanish team has been in financial troubles ever since the team was founded in 2009. In February 2010 founder and ex-Formula One driver Adrian Campos was forced to sell his team to Spanish businessman José Ramón Carabante, who already had a majority stake in the team.

In July 2011 Carabante sold his stake to the Madrid-based Thesan Capital, who wanted to give the team a Spanish base, and in February 2012 the team moved their headquarters to the Caja Mágica complex in Madrid.

In the statement HRT said, “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.”

Team members and Team Principal Luis Perez-Sala have so far not given their reaction on the news, nor did drivers Pedro de la Rosa and Narain Karthikeyan.

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