News Details
Caterham staff made redundant
Caterham saga continues
On the very day Caterham announced it will return to the grid for the Abu Dhabi Grand Prix, the beleaguered Formula 1 team's entire staff was made redundant.
After a controversial crowdfunding scheme raised $3 million for the embattled backmarker, administrator Finbarr O'Connell announced that Caterham is heading to Abu Dhabi for the 2014 finale.
A statement said it was made possible 'through Crowdcube, the world's leading investment crowdfunding platform'.
Crucially, Crowdcube's service accountancy and tax adviser is Smith and Williamson — the company Caterham administrator and interim team boss O'Connell works for.
So with O'Connell now faced with claims the...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Caterham set for Abu Dhabi return
LONDON, Nov 14, 2014 (AFP) - The struggling Caterham team are set to...
11y ago from F1Plus.com
Caterham to race in Abu Dhabi after crowdfunding
Formula One team Caterham will compete in the season-ending Abu Dhabi...
11y ago from F1Pulse.com
Caterham confirms Abu Dhabi participation
Caterham F1 Team
Caterham has confirmed that it will make its Formula 1...
11y ago from F1Zone.net
Caterham administrator positive over future
Caterham F1 Team
Administrators acting on behalf of Caterham say that a...
11y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini questions “unfair” Motegi penalty;...
No description available...
2h ago from Motorsport.com
Michelin bans soft compound for MotoGP Japanese GP
No description available...
2h ago from Motorsport.com
Tyre drama at Motegi: Jack Miller can “almost...
No description available...
3h ago from Motorsport.com
Diogo Moreira talks down Japanese GP hopes after...
No description available...
1h ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon: "It’ll be tough for Lundgaard...
No description available...
1d ago from Motorsport.com
Ganassi on Lundgaard signing: “When is the last time...
No description available...
2d ago from Motorsport.com
IndyCar retains Independent Officiating Board...
No description available...
2d ago from Motorsport.com
IndyCar Officiating retains leadership into second...
The Independent Officiating Board, which officiates all aspects of the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Sardinia: Solberg storms to the lead to boost...
No description available...
2h ago from Motorsport.com
WRC Sardinia Showdown – Solberg leads!
Oliver Solberg and Elliot Edmondson lead Rally Italia Sardegna after the...
2h ago from MotorsportWeek.c...
Oliver Solberg: “I’ve 100% got a shot” at WRC...
No description available...
17h ago from Motorsport.com
WRC Sardinia: Thierry Neuville snatches lead from...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Man United and Chelsea join race for...
Several Premier League clubs are reportedly monitoring Brighton & Hove...
1d ago from CaughtOffside.com
Chelsea face competition from Arsenal and Liverpool...
Chelsea are reportedly interested in signing Bayer Leverkusen defender...
1d ago from CaughtOffside.com
Arsenal and Aston Villa join race for 40 million...
Gonzalo Garcia joined Fulham during the summer transfer window from Real...
1d ago from CaughtOffside.com
Bargain £80m price tag set as Arsenal register...
Bournemouth forward Eli Junior Kroupi is reportedly valued at around £80m...
1d ago from CaughtOffside.com
Comments
Hottest News
'Absolute s***show' in Sepang as F1 fans blast Bahrain...
F1 fans have been left furious after complete... Read More »
50m ago from GPFans.com
Bahrain GP in Malaysia starting grid heavily adjusted after...
The starting grid in Sepang for the Bahrain Grand... Read More »
40m ago from RacingNews365.com
FIA forced into late grid change at Bahrain Grand Prix...
The starting grid for the F1 Bahrain Grand Prix... Read More »
2h ago from GPFans.com
