2014 F1

Caterham F1 for sale? Team behind in Engine and gearbox unpaid bills

caterham_f1_for_sale
Is the F1 bac-runner Caterham for sale?. That was the question being asked on Wednesday by Germany’s Auto Motor und Sport, recalling paddock rumours from the Spanish grand prix venue in Barcelona.

When Renault revealed that its turbo V6 engine bills had gone unpaid, many eyes turned to Lotus, who last year struggled to pay drivers and suppliers.

An initial media statement from the Enstone based team sounded equivocal, but team owner Gerard Lopez now insists: “We have paid all our engine bills.”

German correspondent Michael Schmidt said the suspicion has now fallen on Caterham, who according to rumours may be losing the support of its founder Tony Fernandes.

“Apparently, the green team is also behind in its gearbox payments to Red Bull,” Schmidt added.

Season opening report: Caterham owner Tony Fernandes has warned he will turn his back on Formula 1 at the end of this year unless his team makes progress.

Following four years without his outfit scoring a single point, and with costs in F1 having gone up rather than down, Fernandes said that 2014 was a make or break season for his involvement in the sport.

Another growing related report:Gene Haas’s US F1 team has also been linked to a purchase of Caterham (GMM/ThisisF1)

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