To compensate for the loss of manufacturer teams, four new teams were accepted entry into the 2010 season ahead of a much anticipated 'cost-cap' (see below). Entrants included a reborn Team Lotus – which was led by a Malaysian consortium including Tony Fernandes, the boss of Air Asia; Hispania Racing – the first Spanish Formula One team; as well as Virgin Racing – Richard Branson's entry into the series following a successful partnership with Brawn the year before. They were also joined by the US F1 Team, which planned to run out of the United States as the only non-European based team in the sport. Financial issues befell the squad before they even made the grid. Despite the entry of these new teams, the proposed cost-cap was repealed and these teams – who did not have the budgets of the midfield and top-order teams – ran around at the back of the field until they inevitably collapsed; HRT in 2012, Caterham (formerly Lotus) in 2014 and Manor (formerly Virgin then Marussia), having survived falling into administration in 2014, went under at the end of 2016.