News Details
Caterham's final assets to be auctioned off
+ Caterham’s administrators have put the team’s final assets – including its 2014 cars – up for auction.
The Leafield-based squad collapsed into administration ahead of last year’s United States Grand Prix, and missed two races before returning for the season-finale thanks to a crowd-funding effort.
Caterham’s administrators hoped that its appearance in Abu Dhabi would secure fresh investment for 2015, but this appears to have failed, with auctioneers Wyles and Hardy Co. confirming on Thursday that it will oversee the sale of the team’s final assets.
“Acting for the Joint Administrators Finbarr O’Connell, Henry Shinners and Anthony Spicer of Smith & Williamson,...
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