Lord Alexander Hesketh at the Monaco Grand Prix Pictured in the pits at the edge of the circuit Lord Alexander Hesketh at the headquarters of his team Hesketh Racing London Hesketh inherited the family fortune in when he was aged Together with Anthony Horsley he set up a racing team called Hesketh Racing and bought a Surtees Formula which they began to enter in races for James Hunt during the course of Hunts talent persuaded Hesketh to rent a Formula car a March Hesketh hired Harvey Postlethwaite a junior designer with March to redesign the cars chassis and design a new car for the team This was the Hesketh that first appeared at the South African Grand Prix the third race of the season An updated version of the car won the Dutch GP in with Hunt driving By the end of the season Hesketh was finding the cost of funding the team excessive and with Hunt leaving to join McLaren he sold it