F1 »

Epsilon Euskadi downplays merger talk

Epsilon Euskadi boss Joan Villadelprat downplays talks of a merger with fellow Spaniards Hispania Racing
Epsilon Euskadi boss Joan Villadelprat has played down talk that the F1 hopefuls are looking into the possibility of a merger with the Hispania Racing team.

The Spanish outfit, best known in recent years for its sportscar exploits, is one of the three teams seeking to secure the 13th slot on the grid for the 2011 F1 season, although rumours had suggested that its bid had run into financial problems.

Both ART Grand Prix and the Cypher Group had cited issues with raising the money required as the main reason for them withdrawing from the race.

Those rumours had in turn led to reports that Epsilon Euskadi was seeking a merger with the troubled Hispania team, with a combined venture between the two being seen as a viable alternative.

However, while he refused to rule out the possibility, Villadelprat denied that any talks have taken place.

"I don't know where that information came from," he told the Spanish publication AS. "I spoke with [Hispania boss] Jose Ramon Carabante about a possible collaboration with us as a technology provider. We are looking for clients and it is clear Hispania is a potential client for the type of work that we do, provided there is no conflict of interest.

"But that's it, there was never any talk of a merger, even though I do not close any doors."

Villadelprat added that the team was still hoping it will be successful in securing the slot on the grid created by USF1's failure to compete this season but said it wouldn't be the end of the world if the team doesn't secure an entry.

"Epsilon is more than F1,” he said. “We are 130 people and would not risk our stability to go where we cannot be feasible.

"The FIA knows our project well and now they must choose between the three candidates. We explained our situation, including our financial one, making it clear that we have a commitment to provide the necessary budget even if the deal is not yet closed."



Related Pictures

Click on relevant pic to enlarge
Race, Bruno Senna (BRA), Hispania Racing F1 Team (HRT), F110
Bruno Senna (BRA), Hispania Racing F1 Team (HRT), F110
Friday, Bruno Senna (BRA), Hispania Racing F1 Team (HRT), F110
Pascal Wehrlein (GER) Mercedes AMG F1 W05 Reserve Driver.
26.11.2014.
Pascal Wehrlein (GER) Mercedes AMG F1 W05 Reserve Driver.
26.11.2014.
Alex Lynn (GBR) Lotus F1 E22 Test Driver.
26.11.2014.
Alex Lynn (GBR) Lotus F1 E22 Test Driver.
26.11.2014.
Alex Lynn (GBR) Lotus F1 E22 Test Driver.
26.11.2014.
Alex Lynn (GBR) Lotus F1 E22 Test Driver.
26.11.2014.
Spike Goddard (AUS) Sahara Force India F1 VJM07 Test Driver.
26.11.2014.
Pascal Wehrlein (GER) Mercedes AMG F1 W05 Reserve Driver.
26.11.2014.
Esteban Ocon (FRA) Lotus F1 E22 Test Driver.
26.11.2014.
Pascal Wehrlein (GER) Mercedes AMG F1 W05 Reserve Driver.
26.11.2014.
Spike Goddard (AUS) Sahara Force India F1 VJM07 Test Driver tests the Info Wing.
26.11.2014.
Spike Goddard (AUS) Sahara Force India F1 VJM07 Test Driver.
26.11.2014. F
Spike Goddard (AUS) Sahara Force India F1 Team Test Driver (Right).
26.11.2014.
Spike Goddard (AUS) Sahara Force India F1 Team Test Driver.
26.11.2014.
Spike Goddard (AUS) Sahara Force India F1 Team Test Driver.
26.11.2014.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.