January 29, 2013
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A group of Canadian and American investors may just breathe life into the dead HRT Formula 1 team, after it was revealed that the team’s assets are being bought out. This has led to speculation that the group, known as Scorpion Racing, will attempt to bring the team back onto the F1 grid.
It is understood that the deal has the blessing of FOM CEO Bernie Ecclestone, but it is unknown whether Scorpion Racing (if it is officially named as such) would be allowed onto the 2013 grid. The FIA deadline for 2013 applicants closed back in November 2012, and with the HRT liquidation soon after, the team were barred from re-competing in the sport.
Plans are believed to be in an “advanced stage”. Scorpion Racing plan to run the team from a base near the Silverstone circuit, and continue to run a Cosworth engine package and Williams gearbox.
Ecclestone has written to the team, stating: “Have you bought the HRT company? Because if you have, they [the FIA] would be accepting you.”
More details will be added as they emerge.