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Caterham factory closed by administrators
Staff were left locked out of Caterham's factory in Leafield on Thursday as the future of the team looks in serious doubt. After failing to come to an agreement with administrators on Wednesday, the team's management threatened to quit and accused previous owner Tony Fernandes of not transferring shares to their investors during the sale of the team in July. Fernandes responded on Twitter, saying: "If you buy something you should pay for it. Quite simple." The situation leaves Caterham in limbo, with team manager Manfredi Ravetto, who has been the public figure head for the new investors running the team, saying he has been told to step back. "I've been asked by my direct...
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10y ago from espnF1.com
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