Meetings scheduled with potential buyers for Caterham

Caterham's acting boss Finbarr O'Connell has thanked the world of formula one for helping the team to make its F1 comeback this weekend. Attending his first ever grand prix in Abu Dhabi, the financial administrator admitted that fans who donated money and Bernie Ecclestone who arranged free freight transportation were not the only ones who helped Caterham overcome the odds and set up camp for the 2014 season finale.

"We are overwhelmed by the level of support we have received," he is quoted by Speed Week. "I have to thank primarily partners such as Renault, Red Bull Technology, Pirelli, Dell and Total," said O'Connell. It is widely believed, for example, that engine supplier Renault is owed a considerable amount of money and could have simply refused to service Caterham in Abu Dhabi.

So O'Connell admitted that although Caterham is in Abu Dhabi, whether the team makes it to the 2015 season is another matter entirely. "If it is to be bought and to continue to run in exactly the way it is being run now, I think the next few weeks are absolutely key because the employees will all be beginning to drift away and there will no longer be a cohesive team like there is now," he told the British broadcaster Sky.

There is also the matter of the 2015 car, which must be significantly different to the current one to accommodate the new nose rules and also a different installation for Renault's 2015 engine. "So I'm putting pressure on prospective purchasers to act in that small timeframe," said O'Connell.

One of the potential buyers, he revealed, is a "large corporation" that he will meet with this weekend in Abu Dhabi. "I'm meeting two families who are based in the Middle East who I think, because we're here, are particularly interested to come and see me, and also one large corporation who I think would be a really good fit if they do acquire it," said O'Connell. (GMM)

Replies (0)

Login to reply

AZ Azerbaijan Grand Prix

Local time 

AZAzerbaijan Grand Prix

Local time 

World Championship standings 2025

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2025

Date
Grand Prix
Circuit
-
Bahrain
14 - Mar 16 2025
Australia
21 - Mar 23 2025
China
4 - Apr 6 2025
Japan
11 - Apr 13 2025
Bahrain
18 - Apr 20 2025
Saudi Arabia
2 - May 4 2025
United States of America
16 - May 18 2025
Italy
23 - May 25 2025
Monaco
30 - Jun 1 2025
Spain
13 - Jun 15 2025
Canada
27 - Jun 29 2025
Austria
4 - Jul 6 2025
United Kingdom
25 - Jul 27 2025
Belgium
1 - Aug 3 2025
Hungary
29 - Aug 31 2025
Netherlands
5 - Sep 7 2025
Italy
19 - Sep 21 2025
Azerbaijan
3 - Oct 5 2025
Singapore
17 - Oct 19 2025
United States of America
24 - Oct 26 2025
Mexico
7 - Nov 9 2025
Brazil
21 - Nov 23 2025
United States of America
28 - Nov 30 2025
Qatar
5 - Dec 7 2025
United Arab Emirates
See full schedule

Formula 1 Calendar - 2025

Date
Grand Prix & Circuit
14 - Mar 16 2025
Australia Albert Park
21 - Mar 23 2025
4 - Apr 6 2025
11 - Apr 13 2025
18 - Apr 20 2025
Saudi Arabia Jeddah Street Circuit
2 - May 4 2025
United States of America Miami International Autodrome
16 - May 18 2025
23 - May 25 2025
Monaco Monte Carlo
30 - Jun 1 2025
13 - Jun 15 2025
27 - Jun 29 2025
Austria Red Bull Ring
4 - Jul 6 2025
United Kingdom Silverstone
25 - Jul 27 2025
1 - Aug 3 2025
Hungary Hungaroring
29 - Aug 31 2025
Netherlands Circuit Zandvoort
5 - Sep 7 2025
Italy Monza
19 - Sep 21 2025
Azerbaijan Baku City Circuit
3 - Oct 5 2025
17 - Oct 19 2025
United States of America Circuit of the Americas
24 - Oct 26 2025
7 - Nov 9 2025
Brazil Interlagos
21 - Nov 23 2025
United States of America Las Vegas Street Circuit
28 - Nov 30 2025
5 - Dec 7 2025
United Arab Emirates Yas Marina Circuit
See full schedule

Team profile

Show full profile
show sidebar