Caterham F1 Team Says It's Here To Stay, Despite Bailiffs Knocking On The Door

With new owners coming in, three different team principals so far this season and staff cuts being made, things already seemed a bit dicey at Caterham F1. But now, the situation may be even worse. On Wednesday, stories emerged that bailiffs had visited the factory, told staff members to leave the site and took team equipment due to unpaid bills.

High Court enforcement group The Sheriff’s Office posted a list of goods seized (including a 2013 test car, parts that were set to be used at this weekend’s Japanese Grand Prix and a full F1 simulator) from the team’s base online, which will be sold by public auction to the highest bidder later this month.

Caterham has since released a statement rubbishing the reports about its uncertain future, saying:

There have been unfounded and unsubstantiated rumours concerning actions against 1MRT, the entrant and owner of CaterhamF1. An action was threatened yesterday against a supplier company to 1MRT. This company is not owned by 1MRT and it has no influence over the entry of CaterhamF1 or the entrant. Also contrary to uncontrolled rumours, all operations are currently in place at Leafield and the race team is doing its preparation in Japan.

We’ll bring you any developments as they arrive.