End of the road for HRT?
November 29, 2012
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The future of the HRT F1 team has been in doubt for several weeks. It was put up for sale, in order to pay the FIA entry fee for the 2013 season.
However, recent events at the team’s Madrid headquarters indicate that the situation is beyond fixing. Journalist Joe Saward has reported on team members being coerced into redundancy:
"Team members became irate when they were not allowed to leave the premises until
they agreed to sign a contract termination document; and that personal effects,
such as car keys, were withheld."
Even more worryingly, the team’s presence at the Brazilian Grand Prix was under serious threat. The same article notes that several crucial components on the car had gone beyond their scheduled life. It wouldn’t be out of the question to assume that the team had run out of funds to replace the parts.
With the FIA entry fee issue not going away (I don’t know when the due date is), HRT’s future in F1 appears to be slipping away further every day.