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Caterham F1 team looks to be on its last legs
Caterham F1 team logo.
Caterham Formula 1 employees found their factory closed on Thursday but a legal administrator overseeing the property held out hope that the struggling team might still survive.
Finbarr O'Connell told Reuters various parties had approached him to express interest either in the assets or keeping Caterham racing as an F1 team and negotiations were ongoing.
'They (the staff) can't get into the factory today,' said the joint administrator of Caterham Sports Limited (CSL), a company that makes and services the cars for entry holder 1Malaysia Racing Team (1MRT).
'They (1MRT) are using my facilities and haven't paid me,' added O'Connell, a restructuring and recovery partner...
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10y ago from GrandPrix247.com
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