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Management of Caterham F1 team handed to administrator

NEWS STORY
24/10/2014

Caterham has announced that management of the Caterham team has been handed over to the administrator in order to allow it to continue operating.

A brief statement issued this morning reads:

Following a request of yesterday evening at 21.55hrs CET from Caterham Sports Limited's administrators and the legal advisors of Mr Tony Fernandes' related EXIM Bank, representatives of 1MRT/Caterham F1 Team have agreed, with all rights reserved, to hand-over management of the Caterham F1 Team to the administrator Mr Finbarr O'Connell in the higher interest of allowing the team to continue operating and preparing for the next events.

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1. Posted by MaximumF1, 24/10/2014 14:34

"What's the point?"

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