Kolles says Hispania future is secure

HRT team principal Colin Kolles has insisted that it is 'business as usual' for his Spanish outfit, after dismissing paddock rumours that its immediate future was in doubt

Kolles says Hispania future is secure

The Italian Grand Prix paddock was full of speculation that HRT may not see out the season after failing to find the necessary funding to commit itself to the end of the campaign.

And although Kolles has admitted that his team has not put together the levels of sponsorship he had been hoping for, he says he has no concerns about is financial situation.

"We had budget discussions over the Monza weekend and it has been approved," he said. "And it is business as normal. We have to achieve certain targets and to be honest with you there is nothing special."

Kolles has revealed that HRT has paid its engine bill for the remainder of the season which, as its biggest outlay, is a sign of its commitment to see out 2010.

"The engine bill is paid. It is paid in full for the whole year, the same as with the rest. I think actually we are in a better financial situation than many others. That we need more money is very clear, that is nothing to deny, but there are others who have many more debts and many more creditors than we have.

"We have to pay everything up front, so the moment we are not running that means we have not paid. So, as long as we are running, we have paid. This situation has to change, because this has nothing to do with normal business. Every company has certain payment terms - but this is a matter of trust and confidence."

When asked if the team was secure to finish 2010, Kolles said: "I think so, yes. There are some crucial bills and most of the crucial bills and contracts have been respected. The engine is paid in full. We still have five races to go, so I think this shows already the situation we are in."

Kolles also thinks that any rival team pointing fingers at his outfit as having questions over his team's future would be better off concentrating on its own situation.

"We will see who will finish the season and who doesn't finish the season," he said. "And we will see who will be on the grid next year and who isn't on the grid next year. I am used to this.

"When I came in after Jordan [with Midland] everybody was saying we are not going to survive. That was through Midland, Spyker and Force India. The team is still here, it is competitive and others, like Toyota, BMW and Honda, who never were questioned that they would be here, aren't here any more due to financial reasons. So what shall I say to this?"

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