F1 News, Views and Reviews

Lopez Manager Admits Campos Talks As USF1 Slide Into Bankruptcy

Jose Maria Lopez’s manager has told of how his driver has been having crisis talks with Campos Meta, as he looks to gain hismelf an F1 drive this season with his race seat at USF1 looking decidedly uncertain as the Charlotte based outfit slide into bankruptcy.

The claims from the manager come hours after an insider article was leaked to the press stating that the team were in severe financial difficulty, and staff were beginning to leave.  The unnamed source said that Chad Hurley, a major backer was the only one who could save the team.

Sadly for the insider, Lopez’s manager says that Hurley, the boss of Youtube, has been talking to Campos and their new managers about a support deal.

“The two groups that talked today will do everything possible so that ‘Pechito’ can be in Formula 1,” McGough told Argentina’s Diario Hoy.

“Both Chad Hurley and Jose Carabante talked for several hours to find a solution for the budget issues both teams have. For us this merger is very important as it works in favour of Lopez racing this year.

“We have been doing everything possible and we haven’t taken any false steps. The financial difficulties, and the trust we had put after the recognition from the FIA have made things complicated and we must accept that [US F1’s] cars will not be ready for Bahrain.

“Right now things are in the hands of the two investing groups. They have the final word. We have hopeful we will reach a resolution to come back to Argentina with good news about Lopez.”

Lopez - Evaluating His Options

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