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10th
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The BBC reports Tuesday that Caterham administrator is still in talks with three potential buyers who are interested in purchasing the team.
Henry Shinners, joint administrator, told BBC Sport: "We want to give the team every chance of surviving so we are not setting a deadline."
However, with testing for the new season beginning on February 1st and the opening race on March 15 in Australia time is running out quickly.
Shinners, of London firm Smith & Williamson, acknowledged that as some staff who were made redundant have gone on to find new jobs, the chance of buying the team is "increasing".
Caterham was given special dispensation to use their current CT05-Renaults next season to make it easier to find a buyer.
BBC adds that if Caterham finds a buyer and makes it onto the grid next season it will need to re-employ staff and sign two new drivers.
Henry Shinners, joint administrator, told BBC Sport: "We want to give the team every chance of surviving so we are not setting a deadline."
However, with testing for the new season beginning on February 1st and the opening race on March 15 in Australia time is running out quickly.
Shinners, of London firm Smith & Williamson, acknowledged that as some staff who were made redundant have gone on to find new jobs, the chance of buying the team is "increasing".
Caterham was given special dispensation to use their current CT05-Renaults next season to make it easier to find a buyer.
BBC adds that if Caterham finds a buyer and makes it onto the grid next season it will need to re-employ staff and sign two new drivers.