News Details
Caterham: Staff locked out of factory
The Caterham saga took another sad twist today as staff arrived to discover they had been locked out of the factory at Leafield.Finbarr O'Connell, of administrators Smith & Williamson told the BBC that 1MRT, which until recently owned Caterham sports and still holds the grid slot for the team, had made an 'inadequate' offer to continue using the Leafield site.The factory has a £5.3m loan secured on it which Caterham Sports took out in 2012 from Export-Import Bank of Malaysia, and whilst the situation with 1MRT is being sorted out, staff are refused entry.When Export-Import didn't receive instalments on the loan it put Caterham Sports into administration in order that the company's...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Caterham F1 staff locked out of factory
Caterham F1 staff were locked out of the team's factory in Leafield on...
11y ago from Crash.net
Caterham factory closed by administrators
Staff were left locked out of Caterham's factory in Leafield on Thursday...
11y ago from espnF1.com
Caterham F1 site staff locked out
Staff working for the Caterham F1 team have been locked out of the firm's...
11y ago from BBC.co.uk
Doors shut at Caterham factory
Caterham's saga hit a low point on Thursday as employees found the doors...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta fears intense MotoGP format means shorter...
No description available...
1h ago from Motorsport.com
Shoulder injury pushes Marc Marquez into his...
No description available...
1d ago from Motorsport.com
Exclusive: Ai Ogura in, Alex Rins out at Yamaha for...
No description available...
2d ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar representatives visit the Goiânia Raceway and...
No description available...
20h ago from Motorsport.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
3d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
3d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Croatia: Driver crashes… then sits down for...
No description available...
12h ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
22h ago from MotorsportWeek.c...
Devastated Thierry Neuville vows to "come back...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal fan announces he’s taking legal action...
An Arsenal fan from Uganda has announced that he is taking legal action...
48m ago from SportsKeeda.com
Michael Owen explains advantage Arsenal have over Man...
Pep Guardiola’s ruthless side dispatched Chelsea 3-0, slicing Arsenal's...
1h ago from CaughtOffside.com
Arsecast Extra Episode 690 – 13.04.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
38m ago from Arseblog.com
Arsenal move closer to signing Barcelona target as...
Arsenal have allegedly leapfrogged Barcelona in the race to rope in...
1h ago from SportsKeeda.com
Comments
Hottest News
Sports Minister confident F1 track 'will return in 2027'......
One country's Sports Minister has boldly claimed... Read More »
48m ago from GPFans.com
Brundle warns Russell: Treat Antonelli like 'peak Hamilton'...
The simmering intra-team rivalry at Mercedes has... Read More »
1h ago from F1i.com
F1: Piastri denies rift with Webber
Oscar Piastri has denied talk of a rift with his... Read More »
1h ago from Pitpass.com
