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HRT on Saturday morning confirmed reports the struggling Spanish team has agreed a deal with a new investor.
In a media statement, the team said former Telefonica president Juan Villalonga is partnering with Hispania’s owner Jose Ramon Carabante.
“The immediate aim is to be able to have a much more competitive team,” the statement read.
And Carabante said the money involved “is a sum that multiplies and enhances our ability to grow as a team”.
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