News Details
Caterham under administrator
The administrators have taken full management control of F1 team Caterham who are desperately seeking a new owner.Insolvency specialists Smith & Williamson closed the team factory in Leafield, Oxfordshire, on Thursday with administrator Finnbarr O'Connell taking over the reins.The firm had already been working on behalf of the creditors of Caterham Sports Ltd, a company which makes and supplies cars to 1MRT, the entity which owns the licence to race in Formula One.O'Connell said on Friday: "This is a very cash-strapped team."I have been approached by people who are interested, so my immediate position is to further the negotiations with them as quickly as possible in order that...
Full Story »
Full Story »
11y ago from SkySports.com
0
You May Also Be Interested In...
Caterham staff locked out of factory
Caterham F1 Team
Caterham staff have been locked out of the team's...
11y ago from F1Zone.net
Management of Caterham F1 team handed to administrator
Caterham has announced that management of the Caterham team has been...
11y ago from Pitpass.com
Caterham hands over to administrators
Caterham F1 Team
Caterham F1 Team has confirmed that it has handed over...
11y ago from F1Zone.net
Administrator takes control at Caterham
In the latest chapter of the Caterham saga, the running of the F1 team...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
12h ago from Motorsport.com
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
1d ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
1d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
2d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
3d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
1d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
4d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sandro Tonali offers himself to European giants amid...
Newcastle United midfielder Sandro Tonali has reportedly been offered to...
1h ago from SportsKeeda.com
Liverpool eye defensive rebuild with move for 50m...
Arsenal and Liverpool are interested in signing the Atalanta defender...
2h ago from CaughtOffside.com
Arsenal weighing bold move for 'elite-level finisher'...
Arsenal are interested in signing the Real Madrid striker Gonzalo Garcia...
2h ago from CaughtOffside.com
Former Arsenal star William Gallas boldly claims...
William Gallas doesn't believe Arsenal will win a treble this season. He...
6h ago from SportsKeeda.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
1d ago from GrandPrix247.com
Ferrari said no to the Lionel Messi of F1
One of Ferrari's F1 rivals are currently reaping... Read More »
2h ago from GPFans.com
Martin Brundle thinks Max Verstappen will stay in F1 but...
F1 legend Martin Brundle has said that four-time... Read More »
1h ago from GPFans.com
