KugaWestie Posted October 22, 2014 Posted October 22, 2014 http://www.bbc.co.uk/news/uk-england-oxfordshire-29704117 Quote
Nick Algar - Competition Secretary Posted October 22, 2014 Posted October 22, 2014 It's not looking good, it just shows how it costs a "lot" of money to be in F1. It is interesting how important the manufacturers championship is to the teams moneywise. Quote
Rory's Dad Posted October 22, 2014 Posted October 22, 2014 I find it strange that the top teams get 'heaps' of money - the newbies next to nothing. All teams should get the same IMO. 1 Quote
Paul Hurdsfield - Joint Manchester AO Posted October 22, 2014 Posted October 22, 2014 Not according to this. http://www.autosport.com/news/report.php/id/116445 Quote
XTR2Turbo Posted October 22, 2014 Posted October 22, 2014 Smells to me like a bit of a technical short is going on with companies chopping and changing. I have supplied 4 or 5 of the F1 teams with equipment. Most of them have no credit rating and are not going concerns surviving month to month on new sponsorship deals or loans not being called in by backers. Quote
Lawrie Posted October 22, 2014 Posted October 22, 2014 Is the problem that Bernie takes all the money? Quote
Rory's Dad Posted October 22, 2014 Posted October 22, 2014 The thing about Caterham F1 is it's (poor) record of name badging. Nothing much to do with the 7s and previously nothing much to do with Lotus. More so called style over substance IMO Quote
Delboy Posted October 22, 2014 Posted October 22, 2014 Caterham GP2 team have been taken over by Status GP3! Quote
KugaWestie Posted October 23, 2014 Author Posted October 23, 2014 All staff locked out this morning! http://www.bbc.co.uk/news/uk-england-oxfordshire-29738116 Quote
Lawrie Posted October 23, 2014 Posted October 23, 2014 Yes, just the car building company went bust to start with, now the actual F1 team has been locked out by the administrator of the first company, who own the property and it seems that the F1 team haven't paid the rent. Bernie is trying to sort it out. I just hope he has his petty cash tin. The effluent has hit the air conditioning. There are still deals to be done. Quote
Wile E. Coyote Posted October 23, 2014 Posted October 23, 2014 They've had issues for a while: http://thesheriffsoffice.com/articles/breaking-news-impending-sale-of-a-formula-one-vehicle-and-equipment Quote
Marcus Barlow - Show and Events Co-ordinator Posted October 27, 2014 Posted October 27, 2014 Marussia in admin now too http://www.bbc.co.uk/news/uk-england-oxfordshire-29784602 Quote
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