News Details
Caterham survival takes another step
The future of ailing F1 team Caterham will be decided on Monday.
The backmarker team as well as Marussia sat out the US-Brazil double header in November amid financial troubles, but Caterham returned for the Abu Dhabi finale thanks to a desperate round of controversial online crowdfunding.
Marussia, however, looks to be almost certainly in the final throes of collapse, with F1 business journalist Christian Sylt saying administrators sold nearly 1000 items in an auction last week to pay creditors.
But Bernie Ecclestone says that if the team can sort out its problems, he will release to it the prize money for finishing the 2014 season in ninth place, said to be more than $50 million.
"If...
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11y ago from GrandPrix.com
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