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F1: HRT owner Jose Ramon Carabante denies his team is for sale

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Khatir Soltani

It is rumoured that HRT might soon announce a sponsorship with a powerful Spanish multinational -- perhaps Telefonica.

"As I say to all major companies, being with us is a great way to support a national project. What better way to carry the name of Spain throughout the world."

In a separate interview with sports newspaper AS, Carabante continued: "The team is not for sale and never has been. I won't deny that if someone wants to buy 10, 15 or 25 per cent then we would be happy to be with them, of course. We are negotiating with large Spanish companies, but negotiations are slow and F1 is very fast. I cannot say who (the potential investors are) but we all know what are the big Spanish companies."

Jose Ramon Carabante insisted there is no shame in being multiple seconds off the pace of the leading teams.

"In Alonso's first year he was far away from the top but now he is the best driver of all. We are in our first year and what we have done is miraculous. We are building our (2011) car in England and in Germany," he revealed.


Khatir Soltani
Khatir Soltani
Automotive expert
  • Over 8 years experience as a car reviewer
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  • Involved in discussions with virtually every auto manufacturer in Canada