Caterham administrator admits 'time is running out'
- Published on 26 Jan 2015 09:04
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- By: Rob Veenstra
Acting Caterham team boss Finbarr O'Connell, however, who doubles as the administrator, is more hopeful. "As long as there are people there who have got a real possibility of doing something, I'm not going to close it down," he told Reuters on Thursday.
But O'Connell admitted that Caterham, who unlike Marussia will not collect millions in official prize money if it is rescued, is therefore "much more difficult" to sell. And just over a week before winter testing begins, he also said time is running out. "I'm very conscious that a time will come when it will not make sense for anybody to invest large sums of money in racing the Caterham team for the 2015 season," said O'Connell. "Time will just run out." (GMM)
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