Adam Carroll's future as a Formula One driver could well be decided in the next few days.
The results of ongoing negotiations for the sale of Spanish F1 team Campos Meta will have big implications for Carroll, whose long-cherished dream of joining many of his former GP2 rivals at the top level is now close to fruition.
Campos Meta are one of four new teams scheduled to make their debut in Bahrain next month but the Spanish squad have hit money problems and are seeking investment to ensure their appearance on the grid in Sakhir.
South African businessman Tony Teixeira is understood to have made an agreement to bring funding to the team and Carroll is his preferred choice to partner Brazilian Bruno Senna.
Carroll won the A1GP World Cup of Motorsport with Team Ireland, a series controlled by Teixeira. At the time, the Portuguese-born South African suggested that he would do what he could to help Carroll join motorsport's top table.
However, the A1GP series has been beset by cash problems.
Meanwhile, Virgin Racing's preparations for the new Formula One season suffered a setback as the team was forced to bring a halt to its participation in the test session at Jerez due to a lack of spare parts.
The front wing of the new VR-01 failed while Timo Glock was putting the car through its paces and the team has been forced to withdraw from the running.