Connect with us

Caterham F1

Caterham boss admits ‘time running out’

Published

on

PAPHOTO4_474355
Caterham’s acting team boss and administrator has admitted time is running out to rescue the ailing backmarker.

Although it was Caterham and not Marussia that successfully returned for the 2014 finale in Abu Dhabi, Bernie Ecclestone said this week that only Marussia appears able to survive into the 2015 season.

“Caterham, I don’t think there is much chance of saving them,” said the F1 supremo, “but Marussia there is a chance.”

Acting Caterham team boss Finbarr O’Connell, however, who doubles as the administrator, is more hopeful.

“As long as there are people there who have got a real possibility of doing something, I’m not going to close it down,” he told Reuters on Thursday.

But O’Connell admitted that Caterham, who unlike Marussia will not collect millions in official prize money if it is rescued, is therefore “much more difficult” to sell.

And just over a week before winter testing begins, he also said time is running out.

“I’m very conscious that a time will come when it will not make sense for anybody to invest large sums of money in racing the Caterham team for the 2015 season,” said O’Connell. “Time will just run out.” (GMM)

Loading...

Comments

Latest Results




Latest F1 News

2018 F13 days ago

Can Red Bull Challenge Mercedes And Ferrari?

24SharesSo, things didn’t exactly go to plan for Lewis Hamilton and Mercedes at Silverstone as the Brit made a disastrous...

2018 F13 days ago

Liberty working on securing future of British GP – Brawn

5SharesRoss Brawn says Liberty Media is working on securing the future of the British grand prix. Silverstone owner the BRDC...

2018 F13 days ago

Grosjean form ‘unacceptable’ – Haas F1

1ShareGunther Steiner says a “critical moment” could come amid his patience with struggling Haas driver Romain Grosjean. Frenchman Grosjean has...

2018 F13 days ago

No ‘negotiations’ with Raikkonen yet – McLaren

35Shares Zak Brown says McLaren has not yet opened contract talks with former team driver Kimi Raikkonen. It is rumoured in...

2018 F13 days ago

Wolff wants Hamilton beyond 2020

656SharesToto Wolff has revealed he wants to keep Lewis Hamilton at Mercedes even beyond 2020. Although not yet announced, it...

2018 F14 days ago

Renault engine power deficit a bigger problem – Verstappen

5SharesMax Verstappen says Red Bull’s title chances have taken a dive. Although the Dutchman won in Austria, he says at...

2018 F15 days ago

Ricciardo admits 2019 Red Bull contract ‘likely’

1ShareDaniel Ricciardo now says it is “likely” he will stay at Red Bull in 2019. Earlier, the Red Bull driver...

2018 F15 days ago

Alonso no fan of proposed expand points system

44SharesFernando Alonso says he is not sure changing the points system is a good move for F1. Over the British...

2018 F16 days ago

Renault felt like F2 engine – Verstappen

105SharesMax Verstappen says he feels as though he has been relegated to Formula 2. In the Honda era, Fernando Alonso...

2018 F16 days ago

Rosberg reveals what difference at Ferrari engine

1Share2016 F1 world champion Nico Rosberg says the engine is what is making the difference at Ferrari this year. The...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media