HRT absent from 2013 Formula One entry list

LONDON Sun Dec 2, 2012 9:56am IST

HRT Formula One test driver Ma Qinghua of China drives during the first practice session of the Abu Dhabi F1 Grand Prix at the Yas Marina circuit on Yas Island November 2, 2012. REUTERS/Darren Whiteside

HRT Formula One test driver Ma Qinghua of China drives during the first practice session of the Abu Dhabi F1 Grand Prix at the Yas Marina circuit on Yas Island November 2, 2012.

Credit: Reuters/Darren Whiteside

LONDON (Reuters) - Formula One looks likely to be reduced to 11 teams next season after the official 2013 championship entry list was published without struggling Spanish-based HRT on it.

The 22-car list was published on the governing International Automobile Federation's (FIA) website (www.fia.com) on Saturday after the expiry of a Friday deadline for teams to pay their entry fees.

Under the 2013 sporting regulations, Madrid-based HRT were required to pay entry fees of $500,000.

The owners of HRT, who have not scored a point in their three year existence, announced last month that the team was up for sale and talks were underway with various groups interested in buying them.

FIA sources indicated that HRT could yet be added to the list if they paid up and Spain's AS newspaper reported that HRT had been allowed more time to try and find a buyer.

The team was founded by Spanish ex-Formula One driver Adrian Campos in 2010, when three new teams were invited to enter the championship, as Campos Meta but the outfit hit immediate financial trouble.

It was renamed Hispania in a rescue operation led by Murcia-based businessman Jose Ramon Carabante and Colin Kolles, a former principal of what is now the Force India team, before being taken over by Thesan Capital in July last year.

Spanish veteran Pedro De la Rosa and Indian Narain Karthikeyan were the two drivers this year, with the Cosworth-powered team finishing 12th and last overall after beating Marussia in the two previous seasons.

There has been considerable scepticism within the sport about the prospect of any buyer emerging.

"I hope they find a buyer, an investor, and I hope they don't shut. But clearly there's a good possibility that they might," McLaren principal Martin Whitmarsh had told reporters in Brazil last weekend.

"I think we've got to recognise that after probably the four top teams, all the teams have got really big challenges and costs are escalating."

Japan's Super Aguri were the last Formula One team to fold, during the 2008 season due to financial problems.

Only five of the teams named their full driver lineup, including Williams who announced only this week that Finland's Valtteri Bottas would be racing for them next year in place of Brazilian Bruno Senna.

Sauber and Toro Rosso, who have both finalised their lineups, did not name any drivers. (Reporting by Alan Baldwin, editing by Ken Ferris)

Australian Open

Novak Djokovic (L) of Serbia watches as Stan Wawrinka of Switzerland walks off the court after their men's singles semi-final match at the Australian Open 2015 tennis tournament in Melbourne January 30, 2015. REUTERS/Issei Kato

Djokovic beats Wawrinka, to face Murray

Novak Djokovic once again stood tall at the Australian Open as he reached his fourth final in the past five years with another five-set victory over Stan Wawrinka, the man who dumped him out of Melbourne Park last year.  Full Article 

Reuters Showcase

GDP Growth

GDP Growth

India's economic growth revised up by almost 50 pct.  Full Article 

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Child Trafficking

Child Trafficking

Police find hundreds of child slaves making bangles - media   Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

England Beat India

England Beat India

England reach final after Taylor-made victory.  Full Article 

Change Of Heart

Change Of Heart

Justin Bieber says dropping 'arrogant' and 'conceited' attitude  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage