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Hispania sold to Japanese investment bank?

According to reports in the team's homeland, struggling Spanish F1 tail-ender Hispania Racing (HRT) has been sold to a Japanese investment bank
Spanish sources are reporting that the financially-troubled Hispania Racing (HRT) outfit has been sold.

According to AS.com, HRT owner José Ramón Carabante has sold the struggling Spanish operation – currently duelling it out with fellow F1 2010 newcomer Virgin Racing to avoid the dishonour of the dreaded wooden spoon in the constructors' standings – to Japanese investment bank Nomura for a reputed price of $32 million. Official confirmation from the team has yet to be released.

The news comes as Scuderia Toro Rosso reserve driver and highly-rated Red Bull protégé Daniel Ricciardo prepares to join HRT to make his competitive F1 debut in this weekend's British Grand Prix at Silverstone in-place of Narain Karthikeyan, who is expected to return to compete in front of his home fans in the inaugural Indian Grand Prix at the end of October.

Hispania presently sits just ahead of Virgin in eleventh spot in the F1 2011 table, with a best finish to-date of 13th place courtesy of Vitantonio Liuzzi in last month's Canadian Grand Prix in Montreal. The team has improved considerably since failing to qualify for the curtain-raising Australian Grand Prix in Melbourne back in March – the legacy, for the second year in swift succession, of a complete lack of pre-season testing.

Carabante himself purchased Hispania from former grand prix ace Adrián Campos on the eve of the 2010 campaign, renaming it from its original Campos Meta 1 appellation.



Related Pictures

Click on relevant pic to enlarge
Friday Practice 1, Jose Ramon Carabante (ESP) Hispania Racing F1 Team, Team Owner
Hispania Racing (HRT) owner Jose Ramon Carabante
12.06.2011- Race, Paul di Resta (GBR) Force India VJM04 and Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
10.06.2011- Friday Practice 2, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
28.05.2011- Saturday Practice, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
24.06.2011- Friday Practice 1, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
26.05.2011- First Practice Session, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
26.05.2011- First Practice Session, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
20.05.2011- Friday Practice 2, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
24.06.2011- Friday Practice 1, Narain Karthikeyan (IND), Hispania Racing F1 Team, HRT
26.05.2011- First Practice Session, Vitantonio Liuzzi (ITA), Hispania Racing F1 Team, HRT
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Calvin _

July 04, 2011 12:52 PM

I tend to look at things the other way around. Why would a Japanese investment bank, or any investment bank, want to buy HRT. They're not exactly setting the world on fire, nor do they have much potential to either. Just my opinion.

elijah - Unregistered

July 04, 2011 1:28 PM

@Taz Investment banks do when the believe they can make a profit . The Japanese obviously think underfunded HRT can shine if funded properly. Up till now HRT have performed surprisingly well considering their tiny budget .



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