Hispania Racing boss Colin Kolles says the team is set to announce a financial backer that should ensure the future of the Spanish squad.
Formula 1 commercial rights manager Bernie Ecclestone suggested earlier today that the struggling team had found a backer to inject much-needed cash.
"I believe HRT, the people from Spain, have now got a guy that I know, a financial backer. If they have it, super. We need the teams if they are financially sound," Ecclestone told the Reuters news agency.
Kolles said an announcement is expected "very soon."
"There should be some release very soon. I think Mr. Ecclestone knows what he is saying," Kolles told Reuters. "I think that people will realize what is the potential of this partnership. I think in the next couple of days there will be a few big announcements."
HRT has concluded a deal to use a Williams gearbox next year, and it is believed the team is close to an arrangement with Toyota to base its 2011 car on the mothballed Toyota team's TF110, which was built for this season but never raced. Such a deal could ecplain why the car has not been used by Pirelli's tre test team, which instead has utilized the 2009 Toyota F1 car.
Speculation has it that HRT's deal with Toyota could also involve use of the staff of the former F1 team, and its headquarters in Cologne, Germany.