Campos taken over

It has been confirmed that Jose Ramon Carabante has taken full control of the Campos Meta 1 team, with founder Adrian Campos making way for Chris Kolles to assume the role of team principal.

Speculation surrounding the financial security of the Spanish outfit has been prominent in recent weeks, however today’s deal should allow the team to compete in 2010. Speaking about the announcement, Carabante revealed that F1-supremo, Bernie Ecclestone, had been instrumental in the deal.

“I would like to thank Bernie Ecclestone, who worked tremendously to support our efforts to keep the team viable,” said Carabante.

“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 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.”

Kolles, the former team boss of Force India, joins the team in a similar role.

“I could not resist this tremendous challenge and am very excited to join forces in this new team,” said Kolles, who is returning to F1, a year after running a successful racing team in the Le Mans Series.

“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 line-up for 2010 in due time, and make the operation viable under Jose Ramon Carabante’s new ownership.”

Campos already have Bruno Senna under contract for the 2010 season, with rumours suggesting that he could be joined by current-USF1 driver Jose Maria Lopez.