After retiring from Formula One, Adrián Campos formed his team at the end of 1997. In 1998 the squad competed in the Open Fortuna by Nissan series, with Marc Gené and Antonio García as drivers. Gené won the championship and the team took the teams' title. Gené stepped up to Formula One in 1999, replaced by a young Fernando Alonso; Alonso won the Euro Open Movistar by Nissan championship with García again fifth, and Campos retained the teams' title. The team secured a third consecutive teams' title in 2000 with García winning the championship as well.
Campos entered the GP2 Series in 2005 under the Campos Racing name, having switched its focus to the Spanish Formula Three Championship the year before. Competing as Campos Grand Prix, the team finished third in both the GP2 drivers' and teams' championships with Giorgio Pantano and Vitaly Petrov. In 2008 the team — racing as Barwa International Campos Team — won the GP2 teams' championship and finished third in the drivers' standings with Lucas di Grassi.
After the 2008 season, Campos sold the GP2 operation to Alejandro Agag, who renamed it the Addax Team. When Campos returned to GP2 in 2014, it brought in Arthur Pic and Kimiya Sato.
In 2009 Campos was awarded a Formula One entry for the 2010 season, originally under the Campos Grand Prix name, later rebranded Campos Meta. After significant financial difficulties the team was bought out in February 2010 by majority shareholder José Ramón Carabante, who renamed it Hispania Racing. Campos himself did not ultimately reach the grid under his own name.
Campos Racing returned to GP2 in 2014. Notable drivers in subsequent seasons include Rio Haryanto, Mitch Evans, Alexander Rossi, Luca Ghiotto, Roy Nissany, Jack Aitken, Linus Lundqvist, Isack Hadjar, Pepe Martí, and Arvid Lindblad. The team also entered the GP3 Series in 2015, with Álex Palou claiming a win in that maiden campaign. Lando Norris drove for Campos in junior series on his path to Formula One.
Adrián Campos died on 28 January 2021. His son, Adrián Campos Jr., assumed the role of team principal, continuing the family legacy in Spanish and European motorsport.
Campos Racing continues to compete in the FIA Formula 2 Championship, FIA Formula 3 Championship, F4 Spanish Championship, Formula Winter Series, Eurocup-3, and F1 Academy, maintaining its status as one of Spain's most prominent junior motorsport organisations.
Campos Racing's greatest contribution to motorsport is the volume and quality of talent it has helped develop. Fernando Alonso's first notable single-seater championship victory came under the Campos banner, and the list of subsequent alumni who reached Formula One — Pérez, Norris, Palou, Evans, and many others — speaks to the team's sustained ability to identify and develop exceptional young drivers across more than a quarter century of operation.
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