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Caterham hand over to administrators
The bosses of Caterham F1 have formally agreed to hand over the running of the team to administrators. Control of the Oxfordshire site where the cars are made has been given to London firm Smith & Williamson. Caterham say they took the decision 'in the higher interest of allowing the team to continue operating and preparing for the next events'. But one of the administrators says he fears the team will not compete at the US Grand Prix in Austin. Caterham in Formula 1 Debut: 2010 (as Team Lotus) Points: 0 Best race finish: 11th - Vitaly Petrov at the 2012 Brazilian Grand Prix Finnbarr O'Connell of Smith & Williamson said: 'I really need them to come to me with an acceptable figure [to offer...
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