The HRT F1 Team has been put up for sale by its current owners Thesan Capital, who bought the outfit in mid-2011 from former owner Jose Ramon Carabante.
The team currently sits last in the standings and is some way off the current pace of the midfield, but has achieved the targets it set out at the start of the season, which include relocating to a brand new factory in Madrid.
In a statement, the Spanish investment company confirmed it was seeking a buyer for the team and hoped to announce something in the coming weeks.
“The current owners of HRT Formula 1 Team, TC II S.a.rl., would like to confirm that they are currently in talks with a number of groups interested in buying the team,” read a statement.
“HRT Formula 1 Team’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.
“HRT Formula 1 Team hopes to communicate the name of its new owner in the upcoming weeks.
“We believe the moment to let new investors come through for HRT Formula 1 Team has arrived.
“We’re very proud of the work done by the entire team and of the excellent sporting evolution achieved but the time has come for the team to continue growing with new financial backing.
“We’re convinced that the sporting potential of the team is huge and that the presence of new investors can give it a big boost.”
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