Caterham dismisses 'unsubstantiated' rumours over future

By on Wednesday, October 1, 2014
Ericsson Spa

Caterham F1 Team

Caterham has moved to play down rumours over its future in Formula 1 after speculation that some of its goods were seized by authorities at their Leafield base on Wednesday.

High Court enforcement group The Sheriff's Office posted a list of assets it claims to have removed from Caterham, including a 2013 test car and parts which were set to be used at this weekend's Japanese Grand Prix.

It claims that the parts will be sold at a public auction to the highest bidder in mid-October.

But Caterham insists that preparations for the upcoming event at Suzuka remain on course.

"There have been unfounded and unsubstantiated rumours concerning actions against 1MRT, the entrant and owner of CaterhamF1," read a statement released on Wednesday evening.

"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."

Caterham's GP2 team is unaffected by the speculation regarding the Formula 1 outfit.

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