Caterham Sports Limited placed into process of insolvency
- Published on 21 Oct 2014 08:26
-
0
- By: Rob Veenstra
He posted a photo of broken suspension on his car at Sochi that was repaired rather than replaced. "It's checked all the time but, even so, being asked to race like this is too scary! I want to go home already," the Japanese said, according to the BBC. The 28-year-old driver's manager Chikara Funada confirmed that Kobayashi had written the posts, which were at his private Facebook page and not a public profile.
Earlier this month, bailiffs seized items from Caterham's Leafield headquarters, in the wake of founder Tony Fernandes' exit and the arrival of Swiss-Middle Eastern owners represented by new team advisor Colin Kolles. Now, it emerges that the company that designs and builds the team's F1 cars, Caterham Sports Limited, has been placed into a process of insolvency.
Finbarr O'Connell, working for the firm Smith and Williamson, told the Telegraph: "As administrator I control the machines they are working on, the computers, the factory, the intellectual property. If I don't do a deal with 1MRT (the Caterham F1 team) then they (staff) will have nothing to work on and their jobs could be at risk," he revealed.
It is believed the plan of Caterham's new management is to relocate the entire operation, possibly to Kolles' Greding facility in Germany, where the Romanian based his F3 and Le Mans projects. "For avoidance of any doubt," team boss Manfredi Ravetto said last week, "I'd like to add that Leafield remains the team's base, even though it's no secret that we are looking for a more suitable alternative. We look forward to the final three races of the season, we will keep fighting, we will keep improving and we will introduce some positive surprises." (GMM)
Trending news
-
Why McLaren insists Lambiase is not being groomed as Stella's successor
McLaren team principal Andrea Stella has dismissed speculation that Gianpiero Lambiase is being groomed to succeed hi...
29 May 2026 15:33 -
Hadjar sees only positives for Red Bull ahead of Monaco
Isack Hadjar believes Red Bull Racing has finally identified the performance window it needs to challenge for victori...
29 May 2026 17:38 -
Why Fittipaldi believes Russell has already given up on 2026
George Russell has drawn sharp criticism from former Formula 1 driver Christian Fittipaldi after appearing to concede...
29 May 2026 16:36 -
Why Steiner calls Wolff his 'rockstar' of the Canadian GP
Guenther Steiner has singled out Toto Wolff for praise after the Mercedes team principal allowed Kimi Antonelli and G...
29 May 2026 14:31 -
Why Martin Brundle defended Russell's angry headrest throw
Martin Brundle has defended George Russell following the Mercedes driver's angry reaction to his retirement at th...
29 May 2026 13:29
Azerbaijan Grand Prix
Local time
-
Friday
Saturday
Sunday
Azerbaijan Grand Prix
Local time
-
Friday
-
Saturday
-
Sunday
-
Friday
-
Saturday
-
Sunday
Test calendar
Circuit de Catalunya - Winter testing
Bahrain International Circuit - Winter testing
Bahrain International Circuit - Winter testing
World Championship standings 2026
Related news
Give your opinion!
Formula 1 Calendar - 2026
Formula 1 Calendar - 2026
Team profile
- Team name Caterham F1
- Base Leafield, Oxfordshire, United Kingdom
- Marcus Ericsson 9
- Kamui Kobayashi 10
- Will Stevens 46
2,600 comments on Caterham F1
4 members have this team as their favourite
Tweets about Caterham F1

Replies (0)
Login to reply