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
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin: Arlington “instantly my most...
No description available...
5h ago from Motorsport.com
IndyCar drivers praise Fast Six qualifying format...
No description available...
7h ago from Motorsport.com
McLaughlin sets the early pace in IndyCar’s first...
The NTT IndyCar Series took to the track on a brand new street course...
6h ago from MotorsportWeek.c...
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
10h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Why 'you would be faster with...
No description available...
10h ago from Motorsport.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
11h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
12h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of rivals...
No description available...
17h ago from Motorsport.com
Popular On GunnersToday.com
Fabian Hurzeler reveals text message he sent Arteta...
Brighton & Hove Albion manager Fabian Hurzeler has revealed that he texted...
5h ago from SportsKeeda.com
Report: London outfit have a deal in place with...
Arsenal midfielder Dan Casey is all set to complete a move to Fulham....
7h ago from CaughtOffside.com
Arsenal & Chelsea in 'very serious' talks to sign...
Atletico Madrid striker Julian Alvarez has been linked with a move away...
8h ago from CaughtOffside.com
Arsenal preparing ‘formal offer' for 48-goal...
Arsenal are very interested in signing Leon Goretzka at the end of the...
7h ago from CaughtOffside.com
Comments
Hottest News
F1 2026 Chinese Grand Prix – Sprint Race Results
George Russell took victory in the Formula 1... Read More »
47m ago from MotorsportWeek.com
Russell wins eventful Chinese GP sprint race
Mercedes' George Russell wins the sprint race at... Read More »
47m ago from BBC.co.uk
Hamilton: Ferrari losing 'a lot of time' to Merc
Lewis Hamilton has said Ferrari's gap to Mercedes... Read More »
57m ago from espnF1.com
