HRT announces agreement with former Telefonica boss

HRT announces agreement with former Telefonica boss

The HRT Formula 1 team has confirmed rumors of a deal with a new investor. With an official statement the Spanish team declared that the former president of Telefonica, Juan Villalonga will be partner of the owner of HRT, Jose Ramon Carabante.

“The immediate objective is to have a much more competitive team” reads the press release.

Carabante said that the sum of money in question “multiplies and improves the ability to grow as a team”.

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