The widely-rumoured troubles at Campos have finally materialised with the confirmation that Jose Ramon Carabante has taken over the team.
Carabante, previously a shareholder in the team, has replaced founder Adrian Campos in charge of the Spanish entry. Colin Kolles returns to F1 to take over from Campos as team principal and managing director.
That could pave the way for Stefan GP to take US F1′s place as the 13th team in the sport.
Kolles has previously run F1 operations at Jordan, Midland and Force India. The team still plans to be at the F1 season opener at Bahrain, the first practice session of which is now just three weeks away.