The true scale of the financial crisis which brought down Caterham has finally been laid bare. Caterham Sports, the company which ran the team and collapsed into administration last week has an estimated shareholders deficit of just over £41m and owes a total of £16.2m according to an article in the Daily Telegraph by Christian SyltCaterham Sports provided design, testing and race support services to 1Malaysia Racing Team (1MRT), a Malaysian business which owns the coveted Formula One grid slot. Court documents reveal that Caterham Sports owes money to nearly 400 parties stretching across all areas of the sport from teams and circuits to members of the media such as publishing...
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