Where to for Caterham?

[Paradise City]

Originally Posted by BertMk2

Haven't Marussia been wound up though? (not in administration) so Marussia no longer exists (so no F1 entry, so no FOM money) whereas Caterham still exists albeit very much on the brink. So if you're buying 'Marussia' your purely buying assets in an open auction, if you're buying Caterham you're buying the F1 entry and the remaining assets of the team.

Could be off the mark but that's how I understand it at the moment?

The entry is invested within John Booth's Manor Grand Prix. They are apparently on the FIA list last I checked.

[GTRMagic]

Originally Posted by Paradise City

The entry is invested within John Booth's Manor Grand Prix. They are apparently on the FIA list last I checked.

So buying that entry from Manor, which you would think wont be free, and buying the infrastructure of Caterham, doing a deal with Renault for engines and Red Bull Technology for drivetrain & electronics, finding a staff to operate the new goodies, as well as finding the money to pay for it all, within a space of 78 days until Melbourne.

Yep. Sounds doable...

[Paradise City]

Originally Posted by GTRMagic

So buying that entry from Manor, which you would think wont be free, and buying the infrastructure of Caterham, doing a deal with Renault for engines and Red Bull Technology for drivetrain & electronics, finding a staff to operate the new goodies, as well as finding the money to pay for it all, within a space of 78 days until Melbourne.

Yep. Sounds doable...

It's China until the entry finally expires isn't it? I don't know what business is going on there. Since I haven't heard anything but people being made redundant en-mass and of course this auction stuff, none presumably.

[wnut]

Originally Posted by Paradise City

It's China until the entry finally expires isn't it? I don't know what business is going on there. Since I haven't heard anything but people being made redundant en-mass and of course this auction stuff, none presumably.

I take it there are massive penalties accumulating every time the team misses a race too.
The penalties were relaxed for Brazil, but I bet they would not be for a new entrant purchasing the entry rights.

[Paradise City]

Originally Posted by wnut

I take it there are massive penalties accumulating every time the team misses a race too.
The penalties were relaxed for Brazil, but I bet they would not be for a new entrant purchasing the entry rights.

They're drowned in liabilities , the facilities are dispersed and there is noone with the resources, desire to pick up the gauntlet for next year. Anyone new entering F1 for this year would plumb for Caterham. So the entry is basically defunct in every sense but the most formal sense. That's my understanding.

[old man]

Originally Posted by BertMk2

Haven't Marussia been wound up though? (not in administration) so Marussia no longer exists

Could be off the mark but that's how I understand it at the moment?

Not so far as I understand it, the sale was on the instructions of the administrator not liquidator and the final part is not due until sometime in January as I recall

[old man]

Just updating the last comment, the on-line auction of Marrusia stuff is now functioning and has a closing time of noon on the 21st January. The cars, both F1, F1V10 and GP3 are included in the 700 lots being offered on the instructions of the administrator (not receiver)

What happened to the Caterham cars, have those been sold?

[bella]

i think the administrators are still labouring to find a buyer.

safe to say there's no staff left, but i'd imagine there's quite a few people in the first few months of new jobs missing the dunkerque spirit at the smaller teams

[GTRMagic]

Originally Posted by bella

i think the administrators are still labouring to find a buyer.

safe to say there's no staff left, but i'd imagine there's quite a few people in the first few months of new jobs missing the dunkerque spirit at the smaller teams

The silence sure doesnt sound positive for Caterham

Losing them and Marussia should have freed up a few hundred people who *might* come back to a new project if it is resurrected... but no guarantees...

[Moneyseeker]

Originally Posted by bella

i think the administrators are still labouring to find a buyer.

safe to say there's no staff left, but i'd imagine there's quite a few people in the first few months of new jobs missing the dunkerque spirit at the smaller teams

I can't see where a buyer would come from, if one thing has come out of the admin process for potential investors it's the clear fact that it requires £40M - £60M p.a. to run at the back and the asset value of the team after all this is zip.

[OZ_HCR32]

Originally Posted by Moneyseeker

I can't see where a buyer would come from, if one thing has come out of the admin process for potential investors it's the clear fact that it requires £40M - £60M p.a. to run at the back and the asset value of the team after all this is zip.

So has Forza Rosso officially died?

[Paradise City]

I want to see the lads reemployed, I don't care about the entity. If there's a new buyer though I hope and they almost certainly will change the name of that team. Caterham used to be a prestigious name for me. It's been uncomfortable watching that name being dragged through the rubbish over the years and I can't help but wince when I hear that now.

[bella]

most of the lads (and lasses) are already re-employed, from both teams.

[Mike Harte]

Just been posted on MotorSport dot com's website, that Caterham's assets to be auctioned in March.

http://www.motorsport.com/f1/news/ca...nline/?v=2&s=1

[GTRMagic]

Auction Website Here

Caterham seem to have more for sale than Marussia did..

Hopefully, the group behind the Manor entry can acquire some of these assets and halp ease their passage back to the grid



#RefuelCaterhamF1

[Mekola]

At last, wonder what will be about the Caterham brand... Still the constructors of the Seven...

[wolfhound]

Originally Posted by Mekola

At last, wonder what will be about the Caterham brand... Still the constructors of the Seven...

The road caterham 7 etc is made by a seperate company not connected to the F1 operation although Tony Fernandes owns it as far as I can recall.

[Mike Harte]

I feel sorry for all those that "donated" money last year to race at Abu Dhabi in what was in reality a lost cause. I feel that there will probably be a lot of people that now deeply regret having given money to a project that actually achieved nothing except for showing a fighting spirit.

But was it really worth nigh on 2.5 million just for that?

[GTRMagic]

Its started...

[old man]

Wyles Hardy have all the rest of the equipment in a series of sales

[Mekola]

Originally Posted by Mike Harte

I feel sorry for all those that "donated" money last year to race at Abu Dhabi in what was in reality a lost cause. I feel that there will probably be a lot of people that now deeply regret having given money to a project that actually achieved nothing except for showing a fighting spirit.

But was it really worth nigh on 2.5 million just for that?

I do not regret that.

[Mike Harte]

Originally Posted by Mekola

I do not regret that.

Could you clarify your reply. Is it that you don't regret other people having donated money that was, in effect, wasted or that you don't regret having personally donated money?

[GTRMagic]

First auction is open now... Here

They have start prices on their items which should be a good thing... a show car is for sale, an ex-race chassis but no innards, starts at only GBP18k...

[Paradise City]

Now that Haas has looted some of Marussia's stock will Marussia now loot Caterham's goodies?

[old man]

Originally Posted by Paradise City

Now that Haas has looted some of Marussia's stock will Marussia now loot Caterham's goodies?

Ha Ha, could well be but the closing dates are a problem for them in the current rush to get on the grid