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Caterham F1 team handed to administrators
Caterham F1 Team is now in the hands of administrators in attempt to allow the team to see out the season. After a number of statements and responses between buyers Evangest SA and owner Tony Fernandes, Caterham's factory was closed on Thursday as administrators sought an agreement with 1 Malaysia Racing Team. Team principal Manfredi Ravetto had previously confirmed to Crash.net that race preparations for next weekend's United States Grand Prix in Austin had stopped as a result. In a statement from the team on Friday, it was announced that a meeting on Thursday night had resulted in the administrator taking control of the team's management in the hope it can then continue to race in...
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