A1 boss in talks to buy into Campos F1

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, 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."

Teixeira's self-styled "World Cup of Motorsport" has had to cancel the opening three races of the current season due to problems stemming from its British operating arm going into liquidation. The final Dutch A1 round scheduled for Assen in May has also been axed.

The A1 boss said last September that he had secured long-term funding after a financial restructuring.

However, insiders expect the remaining five rounds to be cancelled before an attempt to re-launch the series later in the year.

Campos Meta founder and former F1 racer Adrian Campos ran Team Mexico in A1 and Teixeira said he was discussing anything from title sponsorship to part-ownership or full control with the Spaniard: "It's whatever suits us best."

The aim would be to use Campos to publicise A1 and to create a path from A1 to the Formula One grid as a feeder series.

Campos are one of four completely new Formula One teams this season but there has been persistent speculation about their finances and preparations.

Formula One supremo Bernie Ecclestone last month cast doubt on the likelihood of Campos being on the starting grid in Bahrain on March 14.