Campos's team lodges F1 entry

The team, currently racing in the Spanish Formula 3 Championship, is owned by former grand prix driver Adrian Campos, who previously owned current GP2 champion Barwa Addax. This was initially believed to be the team which had F1 plans, something that was denied earlier this week.

Campos Racing confirmed on Friday that at 00:05 it had lodged its entry for the championship under the budget cap rules.

The official period to submit entries for next year opened today and closes on May 29.

Campos said it has lodged its entry in conjunction with Meta Image, and that the F1 team would be called Campos Meta 1.

The team said it was unwilling to reveal the people involved in the project, but denied reports that appeared in the Spanish media about some of the investors linked to it.

Spain's top-selling newspaper Marca had reported earlier this week that Mexican businessman Carlos Slim and NBA player Pau Gasol were involved in the project.