The Campos team has confirmed that shareholder José Ramon Carabante has purchased the Madrid-based outfit from founder Adrián Campos, with ex Midland and Spyker boss Colin Kolles moving in as Team Principal.
With a raft of rumours having surrounded the 2010 debutant team on the busy run-up to the season, Carabante becomes the majority shareholder and in the process expresses his gratitude to the sport's commercial rights holder for recent developments.
"I would like to thank Bernie Ecclestone, who worked tremendously to support our efforts to keep the team viable," Carabante commented. "The whole rescue operation has been a race against time, with the goal having always been to run two competitive cars at the first Grand Prix of the F1 season in Bahrain."
The squad's headquarters will remain in Spain, with Kolles also acting as Managing Director for the time being. "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," Carabante added.
"I could not resist this tremendous challenge and am very excited to join forces in this new team," continued Kolles. "Over the next ten 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 José Ramon Carabante's new ownership."
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