News Details
Insolvency experts try to save Caterham F1 team
Insolvency specialists have been handed full management responsibility at the financially troubled Caterham Formula One team in a bid to find a buyer. Administrators closed the team factory in the English county of Oxfordshire, on Thursday, and have been placed in charge of the team. Caterham said in a statement that the management was handed over 'in the higher interest of allowing the team to continue operating and preparing for the next events.' Administrator Finnbarr O'Connell says 'this is a very cash-strapped team.' The past and present owners of Caterham have been engaged in a dispute over the last week leading up to Friday's announcement. Malaysian entrepreneur Tony Fernandes says...
Full Story »
Full Story »
9y ago from F1Pulse.com
0
You May Also Be Interested In...
Caterham: Administrator 'reaching out'
The administrator handed responsibility for the Caterham F1 team has said...
9y ago from SkySports.com
Management of Caterham F1 team handed to administrator
Caterham has announced that management of the Caterham team has been...
9y ago from Pitpass.com
Caterham team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
9y ago from espnF1.com
Caterham handed over to administrators
– Caterham's management has decided to step back and hand-over the...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Yamaha to test completely new MotoGP bike at Jerez
No description available...
9h ago from Motorsport.com
Raul Fernandez set to get 2024 Aprilia MotoGP bike at...
No description available...
13h ago from Motorsport.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
1d ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Full-time IndyCar move “an option” says supersub...
No description available...
3h ago from Motorsport.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
20m ago from MotorsportWeek.c...
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
11h ago from MotorsportWeek.c...
Penske's Newgarden loses St. Pete IndyCar race win...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
14h ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
12h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer news: Vlahovic links, Partey's...
This article was originally published on the Daily Briefing, a...
4h ago from CaughtOffside.com
'When we're bad we're really bad': Pochettino laments...
No description available...
3h ago from TheGuardian.com
'Watched 5 minutes of yesterday's Arsenal game and...
No description available...
6h ago from SportsKeeda.com
Arsenal Transfer News Roundup: Gunners in talks for...
No description available...
5h ago from SportsKeeda.com
Comments
Hottest News
Ferrari announce DRASTIC change as Verstappen issues dire...
Roses are red, violets are blue, and now Ferrari... Read More »
3h ago from GPFans.com
Alex Albon Mocks David Croft as ‘Boring Old Man'
During a light-hearted interaction at the Chinese... Read More »
2h ago from Formula1News.co.uk
Mercedes Faces Strategic Overhaul as Hamilton Departs for...
Speaking on The Chequered Flag Podcast,... Read More »
2h ago from Formula1News.co.uk