F1 » Hispania Racing confirms F1 buyout


F1 2011 tailender Hispania Racing confirms that a majority shareholding in the team has been sold to Spanish venture capital firm Thesan Capital.

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MeymacTony - Unregistered

July 04, 2011 5:31 PM

Taken over by a Spanish equity company who want to make the team very Spanish.Is that now or ma ana? Does it mean Willis etc will have to go? Will this be Alonso's next drive? Definitely comes under the heading Hormone Replacement Therapy

Taz - Unregistered

July 04, 2011 10:12 PM

@CommodoreS

I do see the benefit, it's a no brainer (I know that phrase sucks) from their perspective but I wonder what's behind it all. Be interesting to see how Ricardo goes, sure he knows Silverstone well.

CommodoreS

July 05, 2011 7:09 AM

Taz firstly I did not intend to upset you in
any manner.

To explain with this deal venture capital arms
are formed to provide return for Superranuation
contributors and alike.

They buy in cheap with a view to exit within a
5 year period and provide a return to the investors within their portfolio.

The arm that has taken a equity partnership in Hispania is Japanese supported and will expect a return on their investment. They have not entered blind and have the support of the Corporate sector.

In other words the equity partner has produced the initial outlay on behalf of their portfolio and now they will rely upon the corporate partners to inject capital of their own to make the the investment viable and provide a return. This return can only be achieved by making Hispania a saleable item in a short time span. With the injection of
capital it should be a win/win situation for all concerned













l

Taz - Unregistered

July 05, 2011 8:50 AM

@CommodoreS

No worries, no upset caused. It's takes a lot to upset me, usually a headline about Peter Andre and Jordan does the trick :p

I have started a business and gone through a few rounds of funding so I'm familiar with the concept but I still believe it's high risk but as you say with the right backing and management team it may pay off.....probably if a manufacturer comes back and buys out the team to get the grid spot.


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