News Details
Caterham goes into administration
Caterham Sports, which builds the cars for the Caterham F1 team, has gone into administration.Caterham Sports (CSL), which is based at Leafield, designs and builds the cars for the Caterham F1 team under licence from the 1 Malaysia Racing Team (1MRT).1MRT is a Malaysian company which owns Caterham Sports and provides it with management fees to run the F1 team. In turn 1MRT gets income from prize money and the team's sponsors including technology firms Dell and Intel.It is the F1 team that was bought in the summer by a Swiss/Middle East consortium of which little is known.The administrator, London-based Smith Williamson, is in talks with 1MRT about continuing the relationship between...
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