Wednesday, 22 October 2014

Doubts linger over the future of the Caterham F1 Team

(Frederic Le Floc'h DPPI for Renault Sport F1)

The Reuters news agency reports that the Caterham F1 Team find themselves under pressure to get their cars to Austin, Texas for next weekends US Grand Prix as the administrator appointed to deal with the Administration of Caterham Sports Limited, Finbarr O'Connell who is acting on behalf of London based Smith and Williamson has claimed ownership of the Formula One team's cars.

O'Connell has stated that while he owns the Formula One cars negotiations are underway with 1MRT (1 Malaysia Racing Team) to release the cars back to the Formula One team which would allow them to prepare for next weeks US Grand Prix in Austin Texas.

O'Connell has also confirmed that while he is dealing with the Administration of Caterham Sports Limited their Leafield base is shared by the Caterham F1 Team and that he has instructed private security to guard the premises. A meeting is due to take place in London today to in order to find a solution to the current situation.

The news comes following a number of reported problems at the team in recent months which started with the departure of team boss Christijan Albers shortly after his appointment due to 'personal reasons'.

New team principal Manfredi Ravetto has insisted that the Caterham F1 Team will see out the remaining three race's of the 2014 season starting with the US Grand Prix in Austin.

© Ben Johnston 2014

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