Adrian Campos is confident that Campos Meta 1 will compete in Formula One this season after revealing that he expects the team’s financial woes to be solved on Monday.
Speculation continues to surround the financial security of the new entry, with reports suggesting that it is unable to pay Italian manufacturer Dallara for producing its car.
However team-boss Campos has hit back at doubters and claims that the team is close to finalising a deal to save the operation.
“We are trying to have everything solved on Monday, but people are saying a lot of stupid things,” he told BBC Sport. “Some are true and some are not. We are working very hard to be in Bahrain.”
This investment looks likely to come from Tony Teixeira, the former backer of the now-defunct A1GP series. However, previous reports have suggested that although a deal has been agreed in principle, funds have yet to be transfered to the beleaguered squad.