Adapted from GMM
The Toyota deal has fallen through due to reportedly late payments, leaving not enough time for Hispania to separately build a new car for 2011.
Team owner Jose Ramon Carabante confirmed that HRT is currently in a "crucial week, deciding the future of the team".
"A budget needs to be above 120 or 130 million euros. With that we will achieve a leap into the top ten. This year we had 45 (million) and next year it will be 55 and we would like 65 at least. Ferrari for example is in 400 million each season."
Jose Ramon Carabante said even the location of HRT's headquarters for 2011 is not decided.
"We have offers from Madrid and Barcelona. For the logistics we would like to be in the centre of Europe," he added.
Same story regarding the drivers.
It was believed Pedro de la Rosa was set to join the team next year, thanks to the investment of Juan Villalonga, while an attractive Toyota-designed car with a Williams gearbox was in the making.
But Jose Ramon Carabante has now admitted that HRT will again be relying on pay-drivers.
"Pedro wants to come, but it depends very much on the support. Without money, there is no place for him. We can't allow ourselves a luxury like that," says Carabante.
"He needs to contribute about eight or ten million. We have spoken with companies to try to attract sponsors, and we would like to have two Spanish drivers for our identity and someone like Pedro who can give us some direction for 2012," Jose Ramon Carabante said on Cadena Ser radio.
Davide Valsecchi is a candidate to race with the HRT team in 2011 if he can find enough funding.
Alongside Pastor Maldonado and Josef Kral, the 23-year-old Italian was comfortably the quickest of the young runners with the Spanish outfit in Abu Dhabi this week.
In fact, he was the fastest driver at the wheel of any of the cars fielded by F1's new teams, HRT, Lotus, Virgin.
"Italy should support him. He definitely did an awesome job. It took him a few laps to understand the car, while some of his colleagues did not succeed even after a full season," team boss Colin Kolles quipped in La Gazzetta dello Sport.
Auto Motor und Sport reports that Venezuelan Maldonado's tests with HRT and Williams in Abu Dhabi cost his sponsors an incredible EUR 1 million, while Czech Kral reportedly paid HRT 300,000 euros for his single test day.
The Toyota deal has fallen through due to reportedly late payments, leaving not enough time for Hispania to separately build a new car for 2011.
Team owner Jose Ramon Carabante confirmed that HRT is currently in a "crucial week, deciding the future of the team".
"A budget needs to be above 120 or 130 million euros. With that we will achieve a leap into the top ten. This year we had 45 (million) and next year it will be 55 and we would like 65 at least. Ferrari for example is in 400 million each season."
Jose Ramon Carabante said even the location of HRT's headquarters for 2011 is not decided.
"We have offers from Madrid and Barcelona. For the logistics we would like to be in the centre of Europe," he added.
Same story regarding the drivers.
It was believed Pedro de la Rosa was set to join the team next year, thanks to the investment of Juan Villalonga, while an attractive Toyota-designed car with a Williams gearbox was in the making.
But Jose Ramon Carabante has now admitted that HRT will again be relying on pay-drivers.
"Pedro wants to come, but it depends very much on the support. Without money, there is no place for him. We can't allow ourselves a luxury like that," says Carabante.
"He needs to contribute about eight or ten million. We have spoken with companies to try to attract sponsors, and we would like to have two Spanish drivers for our identity and someone like Pedro who can give us some direction for 2012," Jose Ramon Carabante said on Cadena Ser radio.
Davide Valsecchi is a candidate to race with the HRT team in 2011 if he can find enough funding.
Alongside Pastor Maldonado and Josef Kral, the 23-year-old Italian was comfortably the quickest of the young runners with the Spanish outfit in Abu Dhabi this week.
In fact, he was the fastest driver at the wheel of any of the cars fielded by F1's new teams, HRT, Lotus, Virgin.
"Italy should support him. He definitely did an awesome job. It took him a few laps to understand the car, while some of his colleagues did not succeed even after a full season," team boss Colin Kolles quipped in La Gazzetta dello Sport.
Auto Motor und Sport reports that Venezuelan Maldonado's tests with HRT and Williams in Abu Dhabi cost his sponsors an incredible EUR 1 million, while Czech Kral reportedly paid HRT 300,000 euros for his single test day.