News Details

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...
Full Story »
10y ago from espnF1.com 0
Share

You May Also Be Interested In...

Caterham told that F1 race cars cannot leave factory

Caterham factory The future of the struggling Caterham Formula One team...
10y ago from GrandPrix247.com

Caterham seeking move away from Leafield HQ

Getty Images Enlarge Caterham says it fully intends to compete in the...
10y ago from espnF1.com

Caterham F1 future in fresh doubt

Further doubt has been cast on the future of the Caterham team following...
10y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Marco Bezzecchi blitzes to pole position in Indonesia...

Aprilia rider Marco Bezzecchi blitzed the competition to claim pole...

Marco Bezzecchi leads the way in Indonesia MotoGP...

Marco Bezzecchi carried his speed from Friday into Saturday, topping the...

Popular On IndyCarToday.com

Five IndyCar teams jump start offseason testing at...

Five different IndyCar teams completed a test at Mid-Ohio Sports Car...

Mick Schumacher set for IndyCar test with RLL

Rahal Letterman Lanigan Racing has announced that it will bring in Mick...

Andretti hires ex-Penske director Ron Ruzewski as...

Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...

Popular On TotalWRC.com

Hyundai WRT on the attack

Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...

Popular On GunnersToday.com

Everton tipped to pursue 'available' Arsenal &...

Everton manager David Moyes is reportedly likely to be on the lookout for...
16m ago from CaughtOffside.com

'For sure' – Mikel Arteta backs 'astronomical'...

Arsenal manager Mikel Arteta has admitted he could see Bukayo Saka...
7h ago from CaughtOffside.com

Report: Arsenal 'interested' in highly-rated defender,...

Arsenal are interested in signing the AC Milan prodigy, Davide Bartesaghi....
10h ago from CaughtOffside.com

'Gives you always the possibility to count on him' -...

Arsenal manager Mikel Arteta has admitted that Myles Lewis-Skelly is a...
10h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.