Adapted from GMM
A Korean consortium is reportedly interested in buying into the struggling Hispania Racing Team.
Italiaracing.net said the talks with owner Jose Ramon Carabante recently began "although the amount requested by the Spanish businessman is apparently quite high".
Jose Ramon Carabante recently told Cadena Ser radio that he is not ruling out selling some of his HRT stake.
"We are talking with investors but what I don't want is to sell the team and disappear," he said after Vitantonio Liuzzi and Narain Karthikeyan failed to qualify for the 2011 season opener in Australia.
"It's ok if someone comes with an offer to have the majority and I'm left with a stake. Right now there are teams worth 40, 60, 70 million euros, depending on how you finish the championship. There are twelve teams and we are one of them," he said.
The AS newspaper claimed this week that a Spanish company is reportedly in financial trouble because it was not paid by Hispania Racing Team.
HRT breached a verbal agreement after ordering three new transporters from Cec-SA. The report said the trucks are now sitting idle and waiting to be paid for and collected.
"For a family business like ours this is a heavy burden," said boss Victor Mendez, with the report saying Cec-SA spent EUR 300,000 building the trucks.
A Korean consortium is reportedly interested in buying into the struggling Hispania Racing Team.
Italiaracing.net said the talks with owner Jose Ramon Carabante recently began "although the amount requested by the Spanish businessman is apparently quite high".
Jose Ramon Carabante recently told Cadena Ser radio that he is not ruling out selling some of his HRT stake.
"We are talking with investors but what I don't want is to sell the team and disappear," he said after Vitantonio Liuzzi and Narain Karthikeyan failed to qualify for the 2011 season opener in Australia.
"It's ok if someone comes with an offer to have the majority and I'm left with a stake. Right now there are teams worth 40, 60, 70 million euros, depending on how you finish the championship. There are twelve teams and we are one of them," he said.
 |
| Photo: Hispania Racing Team |
The AS newspaper claimed this week that a Spanish company is reportedly in financial trouble because it was not paid by Hispania Racing Team.
HRT breached a verbal agreement after ordering three new transporters from Cec-SA. The report said the trucks are now sitting idle and waiting to be paid for and collected.
"For a family business like ours this is a heavy burden," said boss Victor Mendez, with the report saying Cec-SA spent EUR 300,000 building the trucks.