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Caterham future hangs in balance
Caterham's administrators will not fund the team to attend the first pre-season test if a buyer is not found in time. The team went into administration in October and made 230 staff redundant. Testing starts on 1 February at Jerez with the first race of the season taking place in Australia on 15 March. 'Talks with interested parties continue, but if a buyer is not found before the test, we will not put up the money to go,' joint administrator Henry Shinners told BBC Sport. 'I wouldn't rule anything out but if we reach the first race in the same position, the chances of saving the team are virtually nil.' Caterham in Formula 1 Debut: 2010 (as Lotus Racing) Points: 0 Best race finish: 11th -...
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