Campos given more time to pay Dallara EUR4m

Campos has been given more time to pay outstanding bills to its Italian car constructor Dallara.

Following reports that Dallara has already lost patience and sold the rights to the car to Stefan GP, Spain’s Diario AS reveals that Campos must now pay its reportedly EUR4 million debt by next Wednesday.

Recent Spanish reports said the last deadline expired late last week.

Despite the extension, AS insists that if Campos cannot come up with the missing money, the rights to the Dallara car will fall under the control of Stefan GP, the Serbian outfit that is hoping to receive an official team entry for 2010.

“Dallara are great professionals who know the story of Adrian and the difficulties of a project like this, so I am sure they will do everything to find a solution that satisfies both parties,” Spanish motor federation president Carlos Gracia said.

He added that he believes Tony Teixeira’s reported investment into the Campos team is still on track.

Meanwhile, Spain’s El Pais newspaper reports that the latest Concorde Agreement allows teams to sit out three grands prix before their official entries are revoked.

© RIF|GMM