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
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
17h ago from Motorsport.com
Why KTM thinks it "hasn't done enough yet"...
No description available...
19h ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
21h ago from Motorsport.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
D.C. race "would be massive opportunity for...
No description available...
13h ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
2d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
2d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
15h ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
1d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2d ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United star Lisandro Martinez rates...
Manchester United centre-back Lisandro Martinez has placed his compatriot...
1h ago from SportsKeeda.com
Havertz, Gyokeres score as Arsenal complete perfect CL...
Kai Havertz and Viktor Gyokeres both got on the scoresheet as Arsenal...
8h ago from SkySports.com
'He is absolutely garbage', 'He needs to go' - Fans...
Fans slammed the performance of midfielder Martin Odegaard in Arsenal's...
8h ago from SportsKeeda.com
'2026 and we are putting him there', 'Funniest guy' -...
Arsenal fans are unimpressed with manager Mikel Arteta’s decision to...
10h ago from SportsKeeda.com
Comments
Hottest News
Red Bull eager to build on vital 'first moment' after crash...
Red Bull has endured a mixed Barcelona shakedown... Read More »
1h ago from RacingNews365.com
F1: Shakedown Times: Day 3 (Wednesday)
Today's unofficial times from Barcelona. Read More »
13h ago from Pitpass.com
Lewis Hamilton outlines next Ferrari target after first F1...
Lewis Hamilton is eager to get more laps under... Read More »
46m ago from RacingNews365.com
