Campos to be saved; USF1 in financial trouble?

The Campos Meta 1 team looks set to be saved after completing a successful restructuring process.

Autosport Magazine has reported that majority owner, Jose Ramon Carabante, will take full control of the team from its founder, Adrian Campos. Carabante, a Spanish businessman, is believed to be trying to rescue the team’s deal with Dallara, while also attempting to acquire the services of  ex-Force India team principal Colin Kolles and ex-Red Bull technical director Geoff Willis, on a short-term basis.

It is believed that GP2 driver Karun Chandok and Formula Renault 3.5 champion, Bertrand Baguette, are in the running to join Bruno Senna in the team’s line-up.

Meanwhile the USF1 team looks likely to miss the start of the 2010 season after cancelling a number of press interviews and a scheduled crash test.

According to a report in the New York Times, the team is plagued by financial trouble, after a major sponsor deal fell through.

The report cites an anonymous insider, who said: “The bottom line is really simple: sponsor money didn’t come through the way it was supposed to and it has grinded down the company to a halt. They’re having trouble making payroll, they’re having trouble paying suppliers and that’s the situation they find themselves in.”

This story only adds to speculation that the team’s only confirmed driver, Jose Maria Lopez, has started looking elsewhere for a berth.