According to the Spanish press, the new El Reto Spanish Challenge is now quite certain to be there in 2007.

The team led by José Luis Doreste and Agustín Zulueta, the spanish newspapers affirm, has found two very generous sponsors and should now be considered as a very credible project for the 32nd America's Cup.

The first is Caja Madrid, the second largest savings bank in Spain with assets of $48 billion. The second is not known yet but should be an energy company.