(Florent Gooden DPPI for Renault Sport F1)
It would appear to be the end of the road for the Caterham
F1 Team, despite the best efforts of administrators Smith and Williamson to
find a buyer for the Leafield based outfit, Finbarr O’Connell one of the administrators
overseeing the sale of the team has confirmed that the teams remaining assets
will be put up for auction on Wednesday 11th March, which is the
week of the opening race of the 2015 Formula One season in Melbourne,
Australia.
The news comes just one day after it was confirmed that
rivals Manor F1 Team will exit administration at the end of the month and that
their entrance fee for 2015 has been paid. The team have also been told that
they can receive their price money from the 2014 season.
The Caterham F1 Team tried absolutely everything to remain
in Formula One going so far as to set up a crowd-funding initiative to raise
the funding necessary to allow them to go racing at the season finale in Abu
Dhabi last November and they were successful with Mr O’Connell installed as
acting Team Principal.
Auction firm Wyles Hardy & Co will sell the team’s 2014
chassis’ show cars, factory, pit-lane equipment as well as race and simulator
equipment. The auctions will take place throughout March and April, the first
of which is scheduled to take place on March 11.
© Ben Johnston 2015
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