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When F.1 is unforgiving


The HRT was the first to lower its arms. He left F.1 in 2012 after three seasons.
To recover from the departure of manufacturers such as Honda, Toyota and BMW, which left Formula 1 in 2008 affected by the global financial crisis, the International Automobile Federation opened the registration to new teams for the 2010 season with the promise that the category it would have a mandatory budget for everyone of no more than 45 million euros.

After analyzing the different projects, the FIA, at that time led by the Englishman Max Mosley, approved the registration of four structures: 1Malaysia F1 Team, Meta 1 F1 Team Fields, Manor and USF1. In this way, the Maxima park went from 20 cars to 26, a number of participants that it had not had for a long time.

However, before starting the tournament, the quartet became a trio: the USF1, which had the Argentine José María López as one of its pilots, never finished his car and his project culminated in scandal and a scam for all those who they had contributed money believing in the words of the engineer Ken Anderson and the journalist Peter Windsor ...

The 1Malaysia F1 Team, with Malaysian Tony Fernandes at the head, changed its name and became Lotus Racing, although in 2012 it changed its name again to be called Caterham; the Campos Meta 1 F1 Team was acquired by the Spanish businessman José Ramón Carabante and became Hispania Racing Team (HRT) and the Manor license was acquired by the English magnate Richard Brandson and thus Virgin Racing was born.

The new teams started with great impetus that 2010, but soon they collided with the harsh reality: it was impossible to race in the F-1 spending less than 45 million euros a year. And so it was that, little by little, his finances went from bad to worse.

The first to get off was HRT, which retired at the end of 2012 and after going through various hands. Fernandes kept Caterham's dream until mid-2014, a season in which expenses increased due to the use of the new V6 engines with turbo and hybrid system, but the new owners did not manage to survive and at the end of that contest they declared bankruptcy. . Although the administrator that was in his charge tried to find a new owner, he did not achieve his objective and to pay the creditors he organized an auction of all the assets, including the used F-1s.

While Brandson found in November 2010 a partner with whom to share the costs: the Russian carmaker Marussia Motors, which took definitive control of the team a year later. The crisis was immediate and Manor took control of the team again in 2016, but the adventure ended at the end of that year despite ensuring that they had Mercedes-Benz engines.

Thus, USF1, Caterham, Hispania and Manor became a sad memory of a category that knows no mercy.

 

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Automundo

Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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