F1: Auction of Caterham assets signals end of survival plans
The Caterham administrators has announced that the assets of the team will be put up for sale meaning, in effect, that attempts to revive the whole operation appear to have been abandoned.
A statement said: “Acting for the Joint Administrators Finbarr O’Connell, Henry Shinners and Anthony Spicer of Smith & Williamson, Wyles Hardy & Co have been instructed to realize the assets of the Caterham F1 race team.
“A series of on-line timed auction sales will be held covering the race equipment, engineering facility, F1 memorabilia, IT and communications, office furniture and as well as private treaty sales for the Race Trailer Fleet, the state of the art Race Simulator, Dell HPC super computer and Autoclaves.
“The first Auction will focus on the race support and pit lane equipment including the 2014 chassis’ and show cars and is scheduled for early March.”