A Spanish investment company has taken a controlling stake in the Hispania Racing outfit.
As rumoured on Sunday, the outfit has been taken over, not by the Japanese investment bank Nomura, but by Thesan Capital, a company which is backed financially by Nomura.
A statement from the team says the takeover from previous owner Jose Ramon Carabante, will strengthen the teams Spanish brand whilst retaining the current management line-up.
“Thesan Capital has reached an agreement by which it has acquired a majority shareholding in Grupo Inversor Hispania from José Ramón Carabante. Grupo Inversor Hispania is the main shareholder of Hispania Racing, owner of the sole Formula 1 license in Spain, under which Hispania Racing races. Thesan Capital thus becomes the controlling shareholder of the Spanish Formula 1 team.
“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 optimize 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.
“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. “
