HRT has been sold to Thesan Capital

Thesan Capital, a Spanish investment group, has taken a principal shareholding of Hispania Racing, the outfit announced via a press release just minutes ago.

The announcement comes in the wake of recent speculation suggesting that the team was being bought by Japanese investment bank Nomura.

Thesan Capital was founded in 2008, and the company provides financial support and restructuring for companies undergoing strategic reshuffles, which would lead to suggest that their ownership could well be a transitory measure while the team’s real buyer steps stays in the shadows.

“The Spanish investment group will lead the development of Hispania Racing in the upcoming years, maintaining the current team and directors, which is one of the main assets of the company, and will try to develop and search for opportunities to optimise and improve the performance of the team in the upcoming seasons, alongside progressively making the team more Spanish and definitively settling the team in Spain,” HRT’s press release reads.

HRT’s time in F1 has been dogged by rumours of financial troubles and continued speculation over how long it would remain operational.

Last week, the team confirmed that it had appointed Red Bull protégé Daniel Ricciardo to drive one of its cars at the British Grand Prix – presumably with a significant cash injection from the drinks giant – while there had been added rumours that team boss Colin Kolles would be moving aside from his role in the coming months. This is despite the fact that Kolles’ operation has the rights to the assets and staff in the entire organisation, while Thesan has simply acquired the rights to the entry itself.

The announcement could certainly secure the longer-term future of the Murcia-based outfit – which has so far failed to attract much in the way of corporate sponsorship from its homeland (or indeed anywhere) – but the real question is…

…just who is Thesan Capital acting on behalf of?

[Image via GP Update]

The following two tabs change content below.

Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.