London: 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 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.
11:07 AM, Dec 02, 2012
