Caterham F1 Team Raided by Baliffs, Racecars and Equipment Seized - LotusTalk - The Lotus Cars Community
 
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post #1 of 12 (permalink) Old 10-02-2014, 02:42 PM Thread Starter
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Caterham F1 Team Raided by Baliffs, Racecars and Equipment Seized

Caterham F1 Team Raided by Baliffs, Racecars and Equipment Seized.

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Recently, Caterham has been having some financial woes and their manager, Team Principal Christijan Albers, resigned recently after the team was sold. Pirelli threatened to stop sending the team sets of tires amidst missed payments, which would suggest that the team has lost quite a bit of funding if they can't supply rubber to their wheels.

Tony Fernandes, the previous owner of Caterham, apparently owed more debts than the team realized. According to TJ13, the team is behind payments to other suppliers besides Pirelli, such as Red Bull and Renault.

As of this afternoon (in the UK), a large sum of equipment was taken from their building following a baliff visit yesterday, including a test car, simulation equipment, Pirelli tires (of course), and memorabilia from Lotus and Caterham. As employees were forced out of the building, sources said that they were required to shut off all equipment, including servers.

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post #2 of 12 (permalink) Old 10-02-2014, 03:38 PM
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post #3 of 12 (permalink) Old 10-02-2014, 08:30 PM
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Wow. Are they still going to race in F1?

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post #4 of 12 (permalink) Old 10-02-2014, 11:45 PM
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they were racing before? <sorry couldn't resist>
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post #5 of 12 (permalink) Old 10-03-2014, 12:06 AM
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Wow! Disappointing news.

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post #6 of 12 (permalink) Old 10-03-2014, 10:36 AM
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Quote:
Originally Posted by shay2nak View Post
Wow. Are they still going to race in F1?
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they were racing before? <sorry couldn't resist>
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post #7 of 12 (permalink) Old 10-03-2014, 12:27 PM
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I watched the driver smash the F1 car in qual last night.

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post #8 of 12 (permalink) Old 10-03-2014, 03:08 PM
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Puts Lotus F1 two cars closer to the back of the pack!

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post #9 of 12 (permalink) Old 10-03-2014, 09:18 PM
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I watched the driver smash the F1 car in qual last night.
Free Practice 2. Qual isn't until tonight.
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post #10 of 12 (permalink) Old 10-04-2014, 09:36 AM
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So it's safe to say Caterham will go down in history as the shortest F1 racing career?

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post #11 of 12 (permalink) Old 10-04-2014, 11:06 AM
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So it's safe to say Caterham will go down in history as the shortest F1 racing career?
not hardly... even recent "Brawn" only raced one year as a constructor - of course they did win both championships

there is a long list of teams that only competed in one or a few races back in the "golden era" when you could do that. (aston martin, bugatti, etc...)

Eagle (gurney) made it 3 year? i think - fairly successful if not short lived.

HRT made it 3? years at the back of the pack. Virgin 2 years? i think Honda did about the same but more in the middle of the pack.

midland 1 year, then spyker 1 year... caterham (assuming they are dead) is just one of a long long list of teams that gave it shot but it never came together for them. they out lasted a couple of their peers though!

"I really started paying attention to cars was when they came out with the Nissan Z, the first body. Then I seen the Cherokees, the old square ones, and I was like, “Wow, that’s cool.” Then I seen the Isuzu jeeps and I seen the Wranglers."
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post #12 of 12 (permalink) Old 10-05-2014, 03:54 AM
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