News Details
Administrator takes control at Caterham
In the latest chapter of the Caterham saga, the running of the F1 team has been handed over to administrators.
Although the Engavest consortium purchased the Caterham F1 team earlier this season, they claim previous owner Tony Fernandes had not fulfilled his part of the deal by handing over shares.
Fernandes, however, countered that by saying Engavest are the ones in the wrong and have not paid the team's creditors.
Their dispute ultimately resulted in Caterham Sports Limited (CSL), who make and service the F1 cars for entry holder 1Malaysia Racing Team (1MRT), going into administration.
With the doors to the team's Leafield factory locked, the cars inside and the United States GP looming,...
Full Story »
Full Story »
10y ago from PlanetF1.com
0
You May Also Be Interested In...
Caterham: Administrator 'reaching out'
The administrator handed responsibility for the Caterham F1 team has said...
10y ago from SkySports.com
Management of Caterham F1 team handed to administrator
Caterham has announced that management of the Caterham team has been...
10y ago from Pitpass.com
Caterham hands over to administrators
Caterham F1 Team
Caterham F1 Team has confirmed that it has handed over...
10y ago from F1Zone.net
Caterham handed over to administrators
– Caterham's management has decided to step back and hand-over the...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Honda MotoGP Luca Marini suffers major injury in...
Honda HRC Castrol MotoGP rider Luca Marini sustained major injuries...
5h ago from MotorsportWeek.c...
‘Major acceleration' in talks between Toprak...
Reports state that there has been a "major acceleration" in...
9h ago from MotorsportWeek.c...
Pedro Acosta: Silverstone MotoGP ‘a race of...
Pedro Acosta's patience is wearing thin with the KTM MotoGP project after...
13h ago from MotorsportWeek.c...
Pedro Acosta’s complaints are more than just a...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
3h ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
2d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
1d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
4d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
6d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to 'make a move' for Premier League striker as...
Arsenal will look to strengthen their forward line in the summer transfer...
10m ago from SportsMole.co.uk
Manchester United update as club in 'pole position'...
Manchester United will need to make several additions if they are to climb...
40m ago from SportsMole.co.uk
Latest transfer news and rumours: Jorginho leaves...
Sports Mole rounds up the latest transfer news and rumours, including...
6h ago from SportsMole.co.uk
Report: Christopher Vivell watched 70m-rated Arsenal...
Manchester United are interested in signing Benjamin Sesko from German...
3h ago from CaughtOffside.com
Comments
Hottest News
Ron Dennis will ‘never go back’ to F1, slams...
Ron Dennis, one of Formula 1’s most influential... Read More »
9h ago from F1i.com
Wolff names team that could gain most from flexi-wing...
As Formula 1 heads to Barcelona for the Spanish... Read More »
12h ago from F1i.com
Ricciardo teaser gets fans excited as legend issues ‘five...
Formula 1 fans have been whipped into a frenzy... Read More »
1h ago from GPFans.com
