From GMM
HRT on Monday confirmed reports that Jose Ramon Carabante has sold his formula one team to Japanese industrial and financial group Nomura.
Hispania Racing confirmed in a statement that the Nomura-linked Spanish firm Thesan Capital is now the "main" and "controlling" shareholder of HRT.
Some insiders report the buying price as $30 million, but ABC quoted Carabante as valuing Hispania Racing at between "50 and 70 million".
AS sports newspaper said the sale, with HRT to retain its current name, was finalised last Friday and handled by the bank that controls Carabante's corporate assets.
Cadena Ser said Carabante's son is expected to emerge with a prominent management position as a result of the transaction. But the team's statement said Thesan will maintain "the current team and directors".
HRT on Monday confirmed reports that Jose Ramon Carabante has sold his formula one team to Japanese industrial and financial group Nomura.
Hispania Racing confirmed in a statement that the Nomura-linked Spanish firm Thesan Capital is now the "main" and "controlling" shareholder of HRT.
Some insiders report the buying price as $30 million, but ABC quoted Carabante as valuing Hispania Racing at between "50 and 70 million".
AS sports newspaper said the sale, with HRT to retain its current name, was finalised last Friday and handled by the bank that controls Carabante's corporate assets.
Cadena Ser said Carabante's son is expected to emerge with a prominent management position as a result of the transaction. But the team's statement said Thesan will maintain "the current team and directors".