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Public sale of Caterham equipment cancelled
A planned auction of Caterham equipment, including one Caterham F1 test car from 2013 has been cancelled now that Caterham Sports Ltd has entered into Administration.
The Sheriffs Office, the bailiffs that took possession of the equipment shortly before the Japanese Grand Prix, have now announced a cancellation of the public sale as the troubled company has gone into Adminstration. This means that the company can continue to run its business under this procedure, protecting it from a potential bankruptcy until a solution can be found. On October 3rd, the company already announced the auction was put on hold 'pending the outcome of a further court hearing, in relation to a separate creditor...
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10y ago from F1Technical.net
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