News Details
Caterham F1 given two weeks to find new buyer
Administrators in control of the Caterham F1 team say the squad could be wound up if a buyer is not secured in the next two weeks.
The troubled British team’s future remains in doubt after being placed into administration last week, following the collapse of company Caterham Sports Limited, which sparked an ownership dispute.
The move has seen the backmarker squad seek special dispensation from F1 boss Bernie Ecclestone to miss the next two races, including this weekend’s United States Grand Prix at Austin.
London firm of administrators Smith and Williamson in charge of the team, which currently employs 200 staff, has told Sky Sports F1 that talks are ongoing with 12 potential buyers...
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10y ago from SpeedCafe.com
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