Teixeira set to rescue Campos team UPDATE Tony Teixeira, boss of the troubled A1 GP series, says he is talking to Campos Meta about buying into the new Spanish-based Formula One team.
"I am talking to Campos, but I'm not the only one," the Portuguese-born South African businessman told Reuters in a telephone interview, adding that the situation should become clearer next week.
"There's more than one group talking to Campos and for us it has got to be part of an A1 deal," he added. "It's all for A1. My ambition is to bring A1 into F1."
01/27/10 (GMM) Tony Teixeira will reportedly acquire the share of the new Spanish F1 team Campos that is currently owned by Meta Image.
The rumor has been circulating for some time, but Spain's Cadena SER reports that the deal with the South African entrepreneur will shortly be confirmed.
Meta Image is a Spanish sports marketing company that allied with Adrian Campos to launch the Valencia based team, but Germany's Auto Motor und Sport reports that it is running out of time to secure its financial package for 2010.
The magazine agrees that "a new investor" looks set to enter the frame officially within days.
Auto Motor und Sport said Teixeira's plan is to install the A1GP champion Adam Carroll in the car alongside Bruno Senna, but reveals that Bernie Ecclestone is reluctant to approve the deal.
Reportedly, the F1 chief executive will only green-light Teixeira's takeover if he erases all the debts of his beleaguered A1 series.
It is rumored Ecclestone favors Zoran Stefanovic's plans for Stefan GP, but the Serbian is ready to race with the departed Toyota's 2010 package, while Campos prefers to press ahead with the well-advanced Dallara project.
Spain's Diario Sport, estimating Teixeira's deal to be worth EUR20 million, reports that Andy Soucek, the reigning F2 champion, may now have enough funding to secure the Campos seat alongside Senna.
"Negotiations with Campos are on standby," said the Spaniard. "I am hoping for Adrian's call this week."