News Details
Caterham set to miss F1 races in USA and Brazil
+ Caterham is set to miss the United States and Brazilian Grands Prix as its administrators seek to find a new buyer for the beleaguered team.
Caterham’s administrators Smith & Williamson took full control of the team early on Friday, after the Swiss-based firm Engavest, who bought the outfit from Tony Fernandes in June, stepped aside.
In a statement released on Friday afternoon, Caterham’s administrators confirmed that they had taken over the share capital of the team in an effort to keep it afloat while they seek a new buyer.
Importantly, the team has been given special dispensation by F1 supremo Bernie Ecclestone to sit out the races in the United States and Brazil while the...
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