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Small teams’ survival faces further hurdles - Worrying news for Caterham and Marussia

Published by Christine

Small teams’ survival faces further hurdles
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The future of Caterham and Marussia has been in question since both teams went into administration at the end of the 2014 season. The Marussia team cancelled a second auction of their assets recently, which set off rumours and speculation that they had found a buyer.

However, it’s reported that the new Haas F1 team will buy and use their factory in Banbury, as boss Gene Haas had always aimed to have a European base for easier logistics. So with some of their assets sold and their factory missing, what remains of Marussia would have a vast hill to climb to make the grid in 2015. Both they and Caterham have an official entry for this year, but Caterham are also feeling the pressure.

Administrator Finbarr O’Connell says: “We will do anything we can to make it happen but it’s really in the hands of the prospective purchasers… I’m not going to stifle any interest but time is definitely running out.”