HRT Financial Struggles Affects Spanish Company
According to a report from Spain's AS newspaper, Cec-SA company is now navigating in uncharted waters (financially speaking) due to late payments from Hispania's F1 organization. Apparently, Carabante's team is yet to pay up on a verbal agreement regarding the order of three new transporters from the aforementioned company more than a year back.
In fact, it seems that the agreement was reached back when the team was still owned by Adrian Campos – and was named Campos Grand Prix. However, after the squad was purchased by Carabante, the Spanish businessman assured Cec-SA boss Victor Mendez that the trucks will be paid for in due time.
“We had a first meeting with (new owner) Jose Ramon Carabante, who assured us he would fix everything,” said Mendez, according to AS. The company reportedly spent around EUR300,000 on building the 3 transporters. “For a family business like ours this is a heavy burden,” he added.
“But from then we had meeting after meeting, the last a few weeks ago at the Montmelo test, and no solution is reached. We have nothing signed, but plenty of documentation that proves everything was commissioned by them (HRT).”