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
‘Major acceleration' in talks between Toprak...
Reports state that there has been a "major acceleration" in...
1h ago from MotorsportWeek.c...
Pedro Acosta: Silverstone MotoGP ‘a race of...
Pedro Acosta's patience is wearing thin with the KTM MotoGP project after...
5h ago from MotorsportWeek.c...
Pedro Acosta’s complaints are more than just a...
No description available...
1d ago from Motorsport.com
Marco Bezzecchi admits overcoming ‘sad days' to...
Marco Bezzecchi admitted overcoming "sad days" to secure his...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
1d 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...
1d ago from Motorsport.com
Robert Shwartzman earns Indy 500 Rookie of the Year
Every year, the NTT IndyCar Series awards one Indianapolis 500 rookie the...
1d ago from MotorsportWeek.c...
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...
3d 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
Chelsea transfer news: Premier League giants 'in...
Eintracht Frankfurt forward Hugo Ekitike is reportedly attracting...
29m ago from SportsMole.co.uk
Arsenal 'on verge' of £51m Martin Zubimendi deal:...
Arsenal are allegedly on the verge of securing the signature of Real...
1h ago from SportsMole.co.uk
Revealed: How Real Madrid could ruin the transfer...
Real Madrid are currently engaged in contract negotiations with their...
2h ago from CaughtOffside.com
Chelsea set to face competition from Arsenal to sign...
Chelsea are reportedly set to face competition from Arsenal for the...
2h ago from SportsKeeda.com
Comments
Hottest News
Wolff names team that could gain most from flexi-wing...
As Formula 1 heads to Barcelona for the Spanish... Read More »
4h ago from F1i.com
F1 fans OUTRAGED as new sponsor set to lead to 2025 race...
Formula 1 fans have taken to social media to... Read More »
4h ago from GPFans.com
Have McLaren built a big enough lead over Verstappen before...
Just three points separate Oscar Piastri and... Read More »
59m ago from SkySports.com
