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F1: New investor in Hispania Racing Team now known

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Khatir Soltani
From Hispania Racing Team

As hinted on Friday by F1 boss Bernie Ecclestone, Spanish businessman Juan Villalonga has joined the Hispania Racing Formula 1 Team, associating with its owner and president Jose Ramon Carabante (photo).

Juan Villalonga Navarro, born April 8, 1953 is one of the most influential Spanish businessmen of the 21st century.

Juan Villalonga was the pioneer in the sponsorship of Formula 1 in Spain during his time as President of Telefonica.

As soon as the agreement was made, both parts said that their partnership has been established to reinforce the team, create and strengthen the project of the first ever Spanish Formula 1 team.

The immediate aim, following the recently announced agreement with Williams F1, is to be able to have a much more competitive team. Jose Ramon Carabante and Juan Villalonga met Mr. Ecclestone to explain the project and the future of Hispania Racing.

Khatir Soltani
Khatir Soltani
Automotive expert
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