News Details
Administrator becomes Caterham team boss
The Caterham saga took another bizarre twist on Friday as an administrator became the new team principal.
With the gates at Leafield still locked and Saturday's freight deadline for Austin now looming, the Colin Kolles-led management decided to step away from the beleaguered team.
In a statement, the team said it has agreed "to hand over management ... to the administrator, Mr. Finbarr O'Connell, in the higher interest of allowing the team to continue operating and preparing for the next events".
Asked by PA Sport news agency if that means he is now the team boss, O'Connell, working on behalf of unpaid creditors including a Malaysian bank, answered: "Yes, I think that is the...
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10y ago from GrandPrix.com
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