HRT F1 team for sale
BUY AN F1 TEAM THIS SUMMER: The HRT F1 team is for sale and talks are ongoing as the owners hope to have it sold in the next few weeks.
LONDON - Spanish-based Formula 1 backmarker HRT is up for sale and talks are ongoing with a number of groups interested in buying the team, owners Thesan Capital said in a statement on Monday, November 13, 2012.
The team, who has yet to score a point in three years, has Indian Narain Karthikeyan and Spanish veteran Pedro De la Rosa as its two current drivers in a season that ends in November, 2012.
HRT said on its website that the owners hoped to conclude a sale in the next few weeks.
Team management said: "We believe the moment to let new investors come through for HRT F1 Team has arrived.
"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."
Thesan Capital took over HRT in July 2011, with former grand prix driver Luis Perez-Sala becoming the team principal and the headquarters moving to Madrid.
HRT has developed links with China in 2012 with Shanghai-born Ma Qing Hua driving its car in some Friday practice sessions and enlisted in the team's young driver development programme.
The team held an event in Shanghai to recognise Ma Qing Hua's achievement in becoming the first Chinese-born driver to take part in a GP weekend.
Zhao Yingua, chairman of Shanghai Automobile and Motorsports Association said: "We are very proud of him and we wish him and the team the very best. We will also make a big effort to support him.”