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Caterham's future to be decided at crunch meeting on Monday
The future of the Caterham Formula One team will be decided at a meeting of its creditors tomorrow (Monday) according to an article in the Express by Christian Sylt.At the end of October Caterham Sports, the company which designed and built Caterham's F1 cars, collapsed into administration with debts of £16.2m and the team itself soon followed suit into the hands of administrators Smith & Williamson.A meeting of creditors will take place tomorrow morning in London and recently-released documents state that they will be asked 'to approve the administrators' proposals' which include 'asking creditors to consider establishing a creditors' committee.'This group would have considerable...
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11y ago from Pitpass.com
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