Campos investor to be announced

UPDATE The Campos Meta 1 team is reportedly set to make it to the grid this season with some restructuring.

Jose Carabante

Majority owner Jose Ramon Carabante is on the verge of taking full control of the team from founder Adrian Campos.

GP2 veteran Karun Chandhok – who has been rumored favored driver choice, and Formula Renault 3.5 champ Bertrand Baguette are currently vying for the seat alongside Bruno Senna.

Carabante has contracted Colin Kolles formerly of Force-India and ex-Red Bull technical director Geoff Willis for the interim.

Making their grid debut at the Bahrain Grand Prix on March 14 is believed to be a realistic aim, although other early races may not be feasible.

The team is unlikely to be ready in time for the final pre-season test at Barcelona on February 25-28, meaning that the cars will have time only for a brief shakedown before making their race debuts.

It is not clear whether either Kolles or Willis will have a long-term involvement in the team. Campos, who could retain a role, was unavailable for comment

02/15/10 (GMM) A redeeming investor for the embattled Campos team is reportedly set to be announced on Tuesday.

Amid rumors the Spanish outfit is unable to pay its bills to its suppliers, including Dallara and Cosworth, an insider told Germany's Auto Motor und Sport: "Within the next 24 hours we will announce our new investor".

However, suggestions that the investor is A1 chief Tony Teixeira have run out of steam, with multiple sources agreeing that the South African's promised money did not materialize.

A Spanish newspaper said last week that Volkswagen, as well as Bernie Ecclestone and Adrian Campos' existing business partner Jose Ramon Carabante, had joined forces to rescue the Valencia based team.

"I know the story only from the internet, and because I called our (Dakar rally) driver Carlos Sainz at the weekend to tell me what was reported in the newspapers," said VW's sports director Kris Nissen.

Former Force India team boss Colin Kolles has also denied his involvement, while the latest well-known name linked with Campos is Geoff Willis.

Briton Willis, the 50-year-old former Honda and Red Bull technical head, attended last week's Jerez test, and one photographer's long lens captured the word 'Dallara' on his notepad.