HRT taken over by Spanish group Thesan

Spanish investment company Thesan has taken a controlling interest in the Hispania Racing Team, it emerged yesterday.

Uncertainty over the team’s financial future had been rife, with some wondering whether the team would even make it to the end of the season. But yesterday’s announcement appears to bring some stability to the backmarker team.

The company are going to attempt to make the team more Spanish, they said in a statement.

“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,” said the statement.

“The Thesan Capital team, who consider the acquisition of Hispania Racing as an opportunity to enter a sector with great prospects of growing, will work with the aim of strengthening the strategic management of the group.”