Caterham assets to be sold off
Discussion
Caterham F1 Team assets to be auctioned off by administrators
http://motorsportstalk.nbcsports.com/2015/02/05/ca...
http://motorsportstalk.nbcsports.com/2015/02/05/ca...
They've posted the catalogue for Sale #1, Race and Pit Lane Equipment:
http://www.bidspotter.co.uk/en-gb/auction-catalogu...
http://www.bidspotter.co.uk/en-gb/auction-catalogu...
I cannot see the creditors of Caterham getting much money as Marussia were £35 million in debt when they entered administration and with the CVA the total payout to creditors was only £500k.
Caterham were probably more in debt than Marussia as they were spending more than the mid field teams but Tony Fernandes has always been like that.Newcastle football club agreed a fee of £8 million with Loic Remy club and were going to pay him £60k a week but he did not turn up for the medical and instead went to Queens Park Rangers,run by Tony Fernandes as they agreed to pay him £160k a week.
Caterham were probably more in debt than Marussia as they were spending more than the mid field teams but Tony Fernandes has always been like that.Newcastle football club agreed a fee of £8 million with Loic Remy club and were going to pay him £60k a week but he did not turn up for the medical and instead went to Queens Park Rangers,run by Tony Fernandes as they agreed to pay him £160k a week.
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