Adapted from GMM
Formula 1 supremo Bernie Ecclestone revealed on Friday that a new "financial backer" looks set to push the struggling Spanish Hispania Racing Team forwards in 2011.
The F1 chief executive was speaking in Brazil just days after saying the worst of the sport's new teams had been an "embarrassment" for formula one this year.
But HRT has signed to use a Williams gearbox next year, and it is believed the team is close to agreeing a deal with Toyota to base its 2011 car on the unraced TF110.
Wednesday, Toyota Motorsport’s technical director Pascal Vasselon confirmed to Auto123.com: “Negotiations are still going on with Hispania”.
The arrangement with Toyota could also involve use of the staff of the former F1 team, and its headquarters in Cologne.
"I believe HRT, the people from Spain, have now got a guy that I know, a financial backer," Ecclestone is quoted at Interlagos by Reuters.
"If they have it, super. We need the teams if they are financially sound," he added.
Team boss Colin Kolles said in Sao Paolo: "There should be some (press) release very soon," Kolles confirmed to Reuters. "I think Mr Ecclestone knows what he is saying."
Formula 1 supremo Bernie Ecclestone revealed on Friday that a new "financial backer" looks set to push the struggling Spanish Hispania Racing Team forwards in 2011.
The F1 chief executive was speaking in Brazil just days after saying the worst of the sport's new teams had been an "embarrassment" for formula one this year.
But HRT has signed to use a Williams gearbox next year, and it is believed the team is close to agreeing a deal with Toyota to base its 2011 car on the unraced TF110.
Wednesday, Toyota Motorsport’s technical director Pascal Vasselon confirmed to Auto123.com: “Negotiations are still going on with Hispania”.
The arrangement with Toyota could also involve use of the staff of the former F1 team, and its headquarters in Cologne.
"I believe HRT, the people from Spain, have now got a guy that I know, a financial backer," Ecclestone is quoted at Interlagos by Reuters.
"If they have it, super. We need the teams if they are financially sound," he added.
Team boss Colin Kolles said in Sao Paolo: "There should be some (press) release very soon," Kolles confirmed to Reuters. "I think Mr Ecclestone knows what he is saying."