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Caterham have dismissed reports that Caterham Sports Limited entering administration will impact the future of the Formula 1 team.
The fate of Caterham Sports Limited (CSL), which is a supplier to the F1 team, has been in doubt for a few weeks after bailiffs seized items from its UK base to recover debts the company owed.
Both are based in Leafield, but the F1 team is operated by 1 Malaysia Racing Team (1MRT), which is a separate entity from CSL.
The division of the businesses, which was pivotal to a dispute over who owned items taken from Leafield by bailiffs, means that what happens to CSL will not impact directly on Caterham's F1 plans.
A spokesperson for the F1 squad told Sky Sports F1 “the administration does not threaten the racing team”.
However, it is evident that there have been mounting frustrations in recent weeks from 1MRT's new owners about having inherited problems they were not expecting.
The fate of Caterham Sports Limited (CSL), which is a supplier to the F1 team, has been in doubt for a few weeks after bailiffs seized items from its UK base to recover debts the company owed.
Both are based in Leafield, but the F1 team is operated by 1 Malaysia Racing Team (1MRT), which is a separate entity from CSL.
The division of the businesses, which was pivotal to a dispute over who owned items taken from Leafield by bailiffs, means that what happens to CSL will not impact directly on Caterham's F1 plans.
A spokesperson for the F1 squad told Sky Sports F1 “the administration does not threaten the racing team”.
However, it is evident that there have been mounting frustrations in recent weeks from 1MRT's new owners about having inherited problems they were not expecting.
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| Photo: Caterham F1 Team |