Wednesday, December 12, 2012

Asta Luista Hispania...

Otay, not that we didn’t already know this, but, sadly another Minnowesqe Formula 1 team has apparently bit the dust, as I believe I read somewhere this was the 107th failed team in F1? While various stories denote the demise of Hispania F1 Racing, also known as HRT, not to be ‘Cornfuzed with the ‘Aussie V8 Supercars HRT concern.

And apparently the shutdown has been not too kind to the multitude ‘O dedicated employees of the struggling Spanish F1 concern, along with reports that the owners have made it very hard for suppliers to recoup their monetary expenses owed by the team by having to go thru a Luxemburg Fund to try recouping their losses; as even one creditor Formtek has publicly denounced the team’s banking investment owners plans to only pay 30% of what they owe...

Alas, we’ll miss having a twelfth constructor on the grid next year, as I for one prefer having 24-cars on track, or hell even better yet 26! As this would apparently leave the door open for two new constructors to enter the F1 circus if so desired...

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