Caterham's fate to be decided Monday

Will we see Caterham on the grid next year?

The Caterham F1 saga may be nearing its end. According to Britain's Sunday express newspaper, unpaid creditors will meet tomorrow to discuss a potential sale of the financially stricken race team.

Caterham's overall debt is aroud 16.2 million Euros, or 25.3 million dollars. The team's crisis has been well-documented. After being forced into administration, having their factory seized and missing multiple races, they only made the grid for the season-ending Abu Dhabi Grand Prix due to a crowdfunding campaign.

Marussia just had all of their assets auctioned off after falling out of the sport due to their own financial crisis. Carerham's future holds one of two likely paths. The first is that Finbarr O'Connell finds a new owner or they are forced into the same situation as Marussia, selling off what's left of the crumbling organization in order to pay their debts off.

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About this article
Series Formula 1
Teams Caterham F1
Article type Breaking news
Tags caterham f1, finbarr o'connell, marussia