Caterham continues to fight for F1 survival

  • Published on 11 Dec 2014 12:42
  • comments 0
  • By: Rob Veenstra
Despite the passing of a deadline, beleaguered F1 backmarker Caterham's fight for survival continues. Having sat out Austin and Brazil, a controversial crowdfunding scheme and personal backing from British rookie Will Stevens put the green team back on track at the 2014 finale in Abu Dhabi.

But just as the chequered flag waved at Yas Marina, administrator and acting team boss Finbarr O'Connell was warning that if Caterham was going to return in 2015, a buyer needed to be found within a couple of weeks. He said he was in talks with a serious investor "who feels the same as me that if we don't do something quickly then the team will drift away".

More than two weeks have now passed since Abu Dhabi, but Caterham's administrators insisted on Wednesday that talks with "three interested parties" are still in play. Joint administrator Henry Shinners told the BBC: "We want to give the team every chance of surviving so we are not setting a deadline."

The urgency of Caterham's situation may have been eased by the post-season decision allowing the team to run its 2014 car and engine next year. O'Connell had said the decision gives potential buyers "more time and options". "That is of interest to all the parties I'm talking to. It gives them a choice, an easier start to get into F1," he added.

Shinners, however, warned that the risk needing to be taken by a buyer is "increasing" by the day as staff made redundant steadily secure new jobs. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Pos
Driver
Team
Points
Pos
Team
Points
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 - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule

Driver profile

  • Team Marussia
  • Points 0
  • Podiums 0
  • Grand Prix 19
  • Country GB
  • Date of b. Jun 28 1991 (32)
  • Place of b. Roachford, GB
  • Weight 63 kg
  • Length 1.71 m
Show full profile
show sidebar