News Details
Administrator takes control at Caterham
In the latest chapter of the Caterham saga, the running of the F1 team has been handed over to administrators.
Although the Engavest consortium purchased the Caterham F1 team earlier this season, they claim previous owner Tony Fernandes had not fulfilled his part of the deal by handing over shares.
Fernandes, however, countered that by saying Engavest are the ones in the wrong and have not paid the team's creditors.
Their dispute ultimately resulted in Caterham Sports Limited (CSL), who make and service the F1 cars for entry holder 1Malaysia Racing Team (1MRT), going into administration.
With the doors to the team's Leafield factory locked, the cars inside and the United States GP looming,...
Full Story »
Full Story »
10y ago from PlanetF1.com
0
You May Also Be Interested In...
Caterham: Administrator 'reaching out'
The administrator handed responsibility for the Caterham F1 team has said...
10y ago from SkySports.com
Management of Caterham F1 team handed to administrator
Caterham has announced that management of the Caterham team has been...
10y ago from Pitpass.com
Caterham hands over to administrators
Caterham F1 Team
Caterham F1 Team has confirmed that it has handed over...
10y ago from F1Zone.net
Caterham handed over to administrators
– Caterham's management has decided to step back and hand-over the...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
13h ago from MotorsportWeek.c...
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
2d ago from Motorsport.com
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin looking to rebound after ‘lowest...
Scott McLaughlin is hopeful that he can quickly bounce back from his...
1d ago from MotorsportWeek.c...
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
3d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
18h ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
3d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye up move for Serie A star as potential...
Arsenal have reportedly set sights on signing Juventus winger Kenan...
4h ago from SportsKeeda.com
‘It’s not as simple as that' - Jack Wilshere warns...
Former Arsenal midfielder Jack Wilshere reckons the Gunners need more than...
7h ago from SportsKeeda.com
Arsenal make initial approach to sign 25-year-old...
Arsenal have reportedly initiated the first steps to land Lille...
7h ago from SportsKeeda.com
Barcelona gain advantage in race to sign Arsenal and...
Arsenal want to sign a new left winger this summer, but their chances of...
8h ago from CaughtOffside.com
Comments
Hottest News
F1: Canadian Grand Prix: Friday Free 2 - Times
Times from today's second free practice session... Read More »
5h ago from Pitpass.com
F1 2025 Canadian Grand Prix – FP1 Results
Max Verstappen clocked the quickest time in the... Read More »
9h ago from MotorsportWeek.com
FIA suspends F1 driver steward for Canadian GP after...
Former F1 driver Derek Warwick has been... Read More »
2h ago from MotorsportWeek.com
