Formula One team Minardi has been saved from financial collapse by Formula One supremo Bernie Ecclestone.
Ecclestone has ploughed $4m (EUR3.38) into the team to ensure it can complete its obligations and race until the end of the season.
Team boss Paul Stoddart said the plan was Ecclestone, and gives the team the boost of having one of sport's richest men as a shareholder.
Said Stoddart: "This speaks for itself and it means we will be here next season.
"This is great news for Minardi. Now I hope we can put everything that has happened behind us, because it need not have happened the way it did."
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