No hope for Caterham rescue as team assets go to auction

The Caterham administrators have announced that the assets of the team will be put up for sale – meaning in effect that attempts to revive the whole operation as a going concern appear to have been abandoned.

A statement said: “Acting for the Joint Administrators Finbarr O’Connell, Henry Shinners and Anthony Spicer of Smith & Williamson, Wyles Hardy & Co have been instructed to realise the assets of the Caterham F1 race team.

“A series of on-line timed auction sales will be held covering the race equipment, engineering facility, F1 memorabilia, IT and communications, office furniture and as well as private treaty sales for the Race Trailer Fleet, the state of the art Race Simulator, Dell HPC super computer and Autoclaves.

“The first Auction will focus on the race support and pit lane equipment including the 2014 chassis’ and show cars and is scheduled for early March.”

Details of the auction can be found here: http://www.wyleshardy.com/caterhamf1/

1 Comment

Filed under F1, F1 News, Grand Prix News

One response to “No hope for Caterham rescue as team assets go to auction

  1. David G

    would Marussia move in to Caterhams building?

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