News Details
Caterham dismisses fears over future after CSL enters administration
+ The Caterham F1 Team has dismissed reports suggesting that its future is under threat after Caterham Sports Limited (CSL) entered administration.
CSL, which is a supplier of the team and is based at the same Leafield facility, entered administration on Monday, prompting fears that the Caterham F1 Team could be under threat.
However, while CSL shares a group name with the grand prix team, it is an independent body from 1Malaysia Racing Team Sdn Bhd (1MRT) which holds the Caterham F1 entry.
“This should not affect the F1 operation because it is a completely separate company. That is a fact,” a senior source told AUTOSPORT.
London-based accountancy firm Smith & Williamson has been...
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