Menu
Finance

Serious Economic Difficulties Push HRT Owner To Put F1 Team Up For Sale

The future of Spanish F1 team HRT "is up in the air," according to Javier Rubio of ELCONFIDENCIAL.com. With "serious economic difficulties" as the season gets close to a finish, 32 employees of the team have been told that their services were not needed anymore. Furthermore, HRT owner Thesan Capital, has put the team up for sale with a goal of finding a buyer "before December." If no deal is reached, "it could mean the end of the Spanish team." Thesan Capital released the following statement, "TC II S.a.rl., the current owner of the HRT Formula 1 Team, would like to confirm that they are currently in talks with a number of groups interested in buying the team. HRT's current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season" (ELCONFIDENCIAL.com, 11/12). MOTORSPORT AKTUELL reported that the team's deadline to find a buyer is set for Dec. 2 (MOTORSPORT AKTUELL, 11/12).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2012/11/13/Finance/HRT.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2012/11/13/Finance/HRT.aspx

CLOSE