Thursday, 22 January 2015

O'Connell remains hopeful of finding a buyer for the Caterham F1 Team and does not want to close the outfit down

(Jean Michel Le Meur DPPI for Renault Sport F1)

Finbarr O’Connell, the administrator appointed to the Caterham F1 Team has stated that he remains committed to finding a buyer for the Leafield based outfit and told the Reuters news agency that he remains hopeful as long as their still potential buyers out there interested in the team he will not close down the team.

The Caterham and Marussia F1 Team’s went into administration last year and although it is very likely that the Marussia F1 Team can be saved ad will race this season the situation at the Caterham F1 Team remains unclear.

Formula One boss Bernie Ecclestone has stated that he is confident that the Marussia F1 Team can be saved having spoken to a potential buyer however Mr Ecclestone hopes that any new buyer will help the team to be competitive this season. He believes that the Caterham F1 Team will not be on the grid this season.

O’Connell however, has stated that right now although he is doing everything in his power to ensure that the team id on the grid this season, however the Irishman admitted that it is out of his hands at the moment as it depends on the potential buyer of the team. 

He has stated however that time is running out for the team to be rescued on time to go racing this season.

Something that has yet to be discussed is the possibility of someone purchasing Caterham and Marussia and deferring a return to Formula One in 2016 with the Haas F1 Team.

The Haas F1 Team have confirmed that they have no interest in purchasing the Marussia F1 Team and their plans for 2016 are coming together nicely. 

Caterham and Marussia have already been informed that if they can make it onto the grid they will be allowed to race with their 2014 cars. However with time running out it will be interesting to see what happens over the coming days.

© Ben Johnston 2015

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