Adrian Campos has admitted his new Formula 1 team is having financial difficulties but insists he is doing everything he can to make sure it is on the grid for the first grand prix of the season in Bahrain on March 14.
Campos Meta has been the subject of intense speculation much of which has come from F1 commercial rights boss Bernie Ecclestone that it will not make it to race after struggling to attract enough sponsors to hit its budget target.
But Campos told BBC Sport: "We are trying to have everything solved on Monday [Feb 8].
People are saying a lot of stupid things some are true and some are not. We are working very hard to be in Bahrain."
Campos has been in talks with Tony Teixeira, the founder of the now-defunct A1 Grand Prix series, about buying a stake in the team. Autosport has reported that a deal has been reached but Campos says he is bound by confidentiality clauses.
Asked about rumours that the team is behind on its payments to Italian race-car constructor Dallara, which it has commissioned to design and build its car, Campos said: "Sometimes we pay the [instalment of] 7m Euros to Dallara and sometimes we don't have the money. We are trying to solve the problem."
He denied claims that Dallara had ended its contract with the team and sold the car to F1 hopefuls Stefan Grand Prix, a team set up by Serbian businessman Zoran Stefanovich who do not have an entry for 2010.
"No, they [Dallara] can't do that we have a contract with them," Campos added.
Stefan GP is currently operating out of Toyota's old factory in Cologne, after striking a deal to take over development of the ex-F1 team's 2010 chassis and engine. It has already said it will test at the end of February and that it intends to send equipment to the first race in Bahrain in the hope that it will be given a slot on the grid.
Ecclestone told German publication Sport Bild: "I do not believe in the participation of US F1 and Campos. Instead, I have good contact with Stefan and am trying to get this team a starting place.
