Formula 1 boss Bernie Ecclestone says he would welcome the collapse of Caterham, believing it would be better for the sport.
The Leafield based outfit is embroiled in an ownership row after it emerged that former owner Tony Fernandes has yet to transfer his shares in the business to Engavest SA, meaning the team is still legally owned by the Malaysian businessman.
The matter doesn’t concern Ecclestone who compared their situation to street beggars, which he believes to be bad for F1’s image.
“I think it’s better they go,” the 83-year-old told the Sun newspaper.
“I don’t want people going around with begging bowls,” he added.
The situation at Caterham is far from resolved, with both sides claiming to be in the right. Ecclestone says he isn’t aware of what’s going on exactly and doesn’t really care/
“I don’t know who owns them,” he explained. “I don’t know and I don’t care.
“Let me tell you something, they will tell you whatever suits them to tell you.”
Ecclestone is keen to see a handful of teams collapse in order to force the eight most competitive teams to field three cars each instead of two, so his comments are understandable.
