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Campos Team Saved – But at what Cost

by F1Fan on February 19, 2010

It appears that a last minute deal has been inked to save Campos Meta 1, although Adrian Campos apparently will not be able to enjoy the results, being forced out of the team.

Reuters UK has reported the following:

MILAN, Feb 19 (Reuters) – Colin Kolles was named team principal of Campos on Friday while a new majority shareholder has taken over to try to ensure the struggling Formula One debutants are on the grid for the first race of the season.

Spanish businessman Jose Ramon Carabante, who was already a partner in the team, has taken control from former F1 driver Adrian Campos with ex-Force India managing director Kolles put in charge of racing.

“I would like to thank (Formula One commercial supremo) Bernie Ecclestone, who worked tremendously to support our efforts to keep the team viable,” Carabante said in a statement.

“The whole rescue operation has been a race against time with the goal of always having the team run two competitive cars at the first Grand Prix of the F1 season in Bahrain.

“We have a lot of hard work still ahead of us but we are excited about making our F1 debut and looking forward to a competitive season.”

The Bahrain Grand Prix takes place on March 14 but Campos have yet to test their car or name a second driver having already recruited Bruno Senna.

Campos are one of four completely new teams on the F1 grid this year. Fellow newcomers U.S. F1 have also not tested or named a second driver, prompting speculation they will miss the first race.

Kolles, who was boss at Jordan, Midland, Spyker and Force India during the team’s various incarnations, left in 2009.

The Romanian-German said new investment was still needed at Campos.

“I could not resist this tremendous challenge and am very excited to join forces in this new team,” Kolles said.

“Over the next 10 days we will review the entire operation, find the extra funding to ensure the team will make the first race in Bahrain, announce the lineup for 2010 in due time and make the operation viable under Jose Ramon Carabante’s new ownership.”

So, maybe Campos Meta 1 or whatever name it will finally carry may participate in the 2010 formula One season if additional funding can be found. Some rumors indicate that investment may be coming from the USA.

What does that mean for USF1? Why would a US investor invest in a spanish team that uses an italian Chassis manufacturer rather than support a home grown operation?

Time will tell.

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