The assets of Caterham F1 up for auction
Like Marussia a few weeks ago, it's Caterham F1's turn to have its assets auctioned off following its bankruptcy. The auctions are expected to take place in March and April and will involve all the team's assets - including the cars, factory, and simulator.
The assets of the Caterham F1 team have been put up for sale by the company’s administrators, as reported by *Autosport*. The auction firm Wyles Hardy & Co will be responsible for selling the 2014 chassis, demonstration cars, team equipment, and the factory during auctions to be held in March and April.
The Caterham F1 team missed the United States and Brazilian Grand Prix before returning for the last race of the year in Abu Dhabi – where Will Stevens made his debut alongside Kamui Kobayashi. Following the sale of the team by Tony Fernandes and disputes over this sale, the team was placed into administration.
Smith & Williamson was then appointed as the team’s administrator for a rescue, allowing the Leafield team to travel to Abu Dhabi, but while the search for a new investor continued, the announcement of the auctioning of assets seems to jeopardize the team’s future.
However, everything is still possible for the British-Malaysian team, as demonstrated by the example of Marussia, which was placed under administration, had its assets auctioned but is still working to race in F1 this year.
