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2013 season likely to feature just 11 teams

It is looking increasingly likely that the grid will shrink to just 22 cars next season as speculation that the HRT team won't find a buyer in time mounts. The 'Spanish' outfit was put up for sale by current owners Thesan Capital last week. The investment company bought the team from Jose Ramon Carabante in 2011 and since then have failed to turn its fortunes around. They have very little in the way of assets other than an outdated and rather slow car, a rented factory and machinery, an entry to compete and a 2013 engine contract with Cosworth. All of this certainly isn't worth the asking price. The latest news coming from its rented Madrid base is that all employees have been handed their...
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13y ago from TheF1Times.com 0
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