Adrian Campos has insisted that he was left with no option but to sell off his team to stakeholder Jose Ramon Carabante in order to do what was best for the team as a whole, as the Spaniard's position in the reshuffled team remains unclear.
Campos sold his financially-troubled team to Carabante earlier this month, with Carabante replacing team principal Campos with former Force India boss Colin Kolles.
And although there is a suggestion that Campos has been offered a new, undefined role within his former team, a deal is not yet done.
But the Spaniard insisted that the sale of his team, which was struggling to make payments to chassis maker Dallara and is yet to sign a second driver nor launch their 2010 car, was the right thing to do for the company as a whole.
"I did what I had to do for the best of the team – that was the most important thing for me," Campos is quoted as saying about the sale.
Meanwhile, Kolles has once again insisted that the team will be in Bahrain, despite facing a race against time to be ready for the season opener in two weeks time.
"It is very tough, but we will make it - because I never give up," Kolles bragged to Autosport, "We will have the cars in Bahrain and we will be running. This in itself will be pretty much a big achievement."
The team is being assisted by former Red Bull and Williams technical chief Geoff Willis, who is currently signed as a consultant, though the team are reported to be looking to make his position in the team permanent.
Kolles also confirmed that the team will make an announcement on their second driver within the next week. Jose Maria Lopez is said to be close to a deal to join the team from the imploding USF1 operation, while Indian GP2 driver Karun Chandhok has also been linked with the team recently.
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