A report in the Spanish press has suggested that F1 strugglers Hispania Racing have been placed up for sale.
According to Diario AS
, Jose Ramon Carabante has placed the team up for sale after the breakdown of Hispania's relationship with Toyota left the backmarkers with 'no car, no base, no drivers, no sponsors and only a Cosworth engine'.
As things stand, Hispania faces the prospect of starting 2011 with an updated version of its 2010 Dallara-design, which went through the season without any upgrades and would leave the drivers facing a battle to qualify thanks to the return of the 107 per cent rule.
Hispania had brought in Juan Villalonga, the former boss of Telefonica, in an effort to secure much needed funds but as yet, no deals have been agreed as a result of his work.
Against all the odds, Hispania made it to the end of the 2010 season having been rescued at the eleventh hour prior to the opening round of the year in Bahrain.
However, the team was forced to use four drivers - Bruno Senna, Karun Chandhok, Sakon Yamamoto and Christian Klien - to bring in much needed money as the year wore on.