user icon

Meetings scheduled with potential buyers for Caterham

  • Published on 21 Nov 2014 10:24
  • comments 0
  • By: Rob Veenstra
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

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
21 - May 23
Monaco
4 - Jun 6
Azerbaijan
11 - Jun 13
Canada
25 - Jun 27
France
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
25 - Jun 27
France Paul Ricard
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar