Rus News Journal

Owner of the team Formuly-1 HRT denied hearings about bankruptcy

Owner of the team Formuly-1 HRT Jos? Ramon Karabante denies the information on the close bankruptcy. He declared it to the Spanish newspaper La Opinion de Murcia. Karabante recognised that has debts against creditors, however as he said, he managed to settle a situation.
messages that one of the richest people of the Spanish province Murcia is on the verge of bankruptcy appeared in the beginning of this week. Affirmed that debts of Karabante reached 450 million euro. However the Spanish businessman named this figure “absurd“, and declared that agreed about refinancing of the debt with Banco Popular.
“Banco Popular with us for 100 percent, - declared Karabante. - We with them in good contact piece“. According to owner HRT, the huge amount of debt arose that on its bill credits of the previous owner of group Hispania, Trinitario Casanova who sold this company Karabante two years ago have been carried.
At the same time Jos? Ramon denied the information and that its condition reached one billion euro. According to Karabante, this information appeared because of an error while translating in euro pesetas. At deducing from the reference of the Spanish currency one euro exchanged for 166 pesetas.
Jos? Ramon Karabante initially was the majority investor of command Formuly-1 Campos, however before the beginning of a season for its rescue has been compelled to redeem a share of the basic founder, Adriana Kamposa, and renamed a stable in Hispania Racing Team (HRT). Thanks to it the command managed to leave on World championship start.
however while cars HRT developed by Italian to racing studio Dallara, are not capable to compete in speed not only with more skilled participants of Formuly-1, but also with other debutants. In races pilots of a command, Bruno Senna and Karun Chandhok, lose to leaders for 5-6 seconds on each circle.