From GMM
Bernie Ecclestone and Jose Ramon Carabante have joined forces to rescue the Campos team, Spain's Diario AS newspaper reports.
The deal will reportedly see team partner and president Carabante take over from Adrian Campos and lead the outfit to its Bahrain debut next month, before the German car giant Volkswagen steps in for 2011.
AS said the team intends to change its official name from Campos Meta 1 prior to the start of the season. The Valencia headquarters will remain for now, and the multi million euro debt to Italian car constructor Dallara will be paid.
AS, explaining that the touted investment of A1 chief Tony Teixeira never materialised, said former Force India boss Colin Kolles will be team principal.
The newspaper said Bruno Senna's contract as race driver will be honoured, and that the hopeful Serbian outfit Stefan GP will instead need to look to assume USF1's official entry.
Certain actors denied the whole thing however.
"I do not work for Campos," was quick Colin Kolles to say.
"I know who I work for, what I do and why I do it," Kolles, who has also been linked with the hopeful Serbian entrant Stefan GP, added.
When also asked by the German website motorsport-total.com, Volkswagen's motor sport representative Hans-Joachim Stuck also denied the report of the Spanish newspaper Diario AS.
"That is complete nonsense," he said.
"We are flattered about such rumours, but formula one at the moment is not at all a topic for us.
"If it should ever become a topic, then it will be surely on the basis of a world engine," the German former F1 driver added.
Bernie Ecclestone and Jose Ramon Carabante have joined forces to rescue the Campos team, Spain's Diario AS newspaper reports.
The deal will reportedly see team partner and president Carabante take over from Adrian Campos and lead the outfit to its Bahrain debut next month, before the German car giant Volkswagen steps in for 2011.
AS said the team intends to change its official name from Campos Meta 1 prior to the start of the season. The Valencia headquarters will remain for now, and the multi million euro debt to Italian car constructor Dallara will be paid.
AS, explaining that the touted investment of A1 chief Tony Teixeira never materialised, said former Force India boss Colin Kolles will be team principal.
The newspaper said Bruno Senna's contract as race driver will be honoured, and that the hopeful Serbian outfit Stefan GP will instead need to look to assume USF1's official entry.
Certain actors denied the whole thing however.
"I do not work for Campos," was quick Colin Kolles to say.
"I know who I work for, what I do and why I do it," Kolles, who has also been linked with the hopeful Serbian entrant Stefan GP, added.
When also asked by the German website motorsport-total.com, Volkswagen's motor sport representative Hans-Joachim Stuck also denied the report of the Spanish newspaper Diario AS.
"That is complete nonsense," he said.
"We are flattered about such rumours, but formula one at the moment is not at all a topic for us.
"If it should ever become a topic, then it will be surely on the basis of a world engine," the German former F1 driver added.