Administrators have taken control of the crisis-hit Caterham team as the ongoing row over its management continued to threaten its future in the sport. The new owners of the backmarkers and previous chief Tony Fernandes have been locked in a bitter and public war of words which could see the team struggle to make the United States Grand Prix on November 2. Caterham's team factory in England was closed on Thursday, putting at risk the jobs of some 200 employees, and now the administrator has been placed in charge of 1MRT, the company which owns Caterham's licence to race in Formula One. The aim is to keep the team going in the short term with a view to finding a new buyer. "This is a...
Full Story »