The Hispania Racing Team that races at the absolute rear of the Formula1 grid has been bought over by Spanish Venture Capital firm Thesan Capital which itself is funded by the Nomura Bank of Japan. The Hispania Racing Team has a chequered history. It began life as Campos Meta1, a project that was headed by former racing driver Adrian Campos. However due to inadequate funding Adrian Campos had to move over and sell his team to Jose Ramon Carabante who brought in Colin Kolles who lost his job with Force India F1 to put together a team very quickly. Kolles delivered and the car though totally untested had made it on to the grid last year against all expectations. Indian driver Karun Chandok was contracted to the team but only drove in a handful of races with his sponsorship drying out and he was replaced by Sakon Yamamoto. The other driver of the team was Bruno Senna, the nephew of the late great Ayerton Senna. This year saw HRT dropping both Senna and Yamamoto and the announcing of a line up of Narain Karthikeyan and Vitantonio Liuzzi. Narain was taken on board in spite of his being in the wilderness for five years because he was able to take upto $8 million from the Tata group, which as been solidly behind him throughout his career. Then last week came the news that Colin Kolles was going move aside as team Principal and also that Daniel Ricciardo who is contracted to Red Bull Racing would be driving Narain’s car starting this weekend at the British GP at Silverstone. It was being said that Narain would be allowed to drive again only in the Indian GP. And with the latest announcement that the Carabante family is out of HRT it is most likely that big time restructuring will start. In all that what will happen to Narain is anybody’s guess. HRT has been unlucky both for Karun and for Narain.