A1GP Chairman Tony Teixeira talking to Reuters says he is talking to Campos Meta about buying into the new Spanish-based Formula One team.

“I am talking to Campos, but I’m not the only one,” the Portuguese-born South African businessman told Reuters in a telephone interview, adding that the situation should become clearer next week.

“There’s more than one group talking to Campos and for us it has got to be part of an A1 deal,” he added. “It’s all for A1. My ambition is to bring A1 into F1.”

Campos Meta founder and former F1 racer Adrian Campos ran Team Mexico in A1 and Teixeira said he was discussing anything from title sponsorship to part-ownership or full control with the Spaniard: “It’s whatever suits us best.”

The aim would be to use Campos to publicise A1 and to create a path from A1 to the Formula One grid as a feeder series.