Caterham Likely To Miss Next Two Races, Marussia Unlikely To Make Austin

Caterham F1 and Marussia’s participation in F1 is in jeopardy after it emerged that both teams might miss the next two races.

Initially the owner of Caterham, Engavest, had said through their representative Collin Kolles that they intended to carry on and were sure they could save the team from further troubles. However, they have since decided to hand control over to administrative firm Smith & Williamson, in order to try and find a buyer for the team.

“In a telephone conversation today between Finbarr O’Connell and Bernie Ecclestone, Mr Ecclestone agreed to support the administrators in their wish to sell the Formula 1 team to a party with the financial strength to sustain it into the future.

“Mr Ecclestone also agreed to give dispensation to Caterham F1 such that it could if necessary miss the US and Brazilian Grands Prix but hoped that a new owner would be in a position to race the team at the Abu Dhabi Grand Prix.”

Marussia’s finances have also been unhealthy to the point where Bernie Ecclestone has said that they, along with Caterham will not be in America for next weekend’s United States Grand Prix. The situation is another blow to a team which currently has one of its drivers fighting for his life since a crash into a recovery vehicle at the Japanese Grand Prix three weeks ago.

“Neither of those two teams are going to go to America,” Ecclestone told Reuters.

At this point it unknown what will happen to either team over the coming weeks.

 

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