Caterham F1 staff locked out of factory

Caterham F1 staff were locked out of the team's factory in Leafield on Thursday as administrators seek a resolution to ownership problems
Default Image
Default Image

Caterham F1 staff were locked out of the team's factory in Leafield on Th🐻ursday as administrators seek a resolution to ownership problems.

Finbarr O'Connell, a joint administrator of Caterham Sports Limited (CSL), confirmed that 1 Malaysia Racing Team (1MRT) had made an offer to continue work at t🅘he factory on Wednesday which he had rejected. Following that, the🀅 new buyers of the team claimed they aren't the legal owners and said Tony Fernandes still had control.

With the new buyers saying🍸 Fernandes has to now sort out the situation, O'Connell confirmed the fact✨ory has been closed.

"They [the staff] can't get into the factory today," O'Connell told Reuters. "They [1MRT] are using my facilities and haven🔯't paid me.

"Effectively 1MRT have been in the building for last few days since I arrived. We are trying to reach an acceptable arran🐟gement for them to be there💦. We had a meeting yesterday with 1MRT and lawyers and the offer they made was unacceptable. So I've sent them away.

"Hopefully they can come up with an aꦗcceptable proposal."

Read More