The administrators in charge of the Caterham F1 Team are confident of finding a buyer which could allow the team to take part in the final race of the season in Abu Dhabi.
Smith & Williamson confirmed in a statement that they have been approached by interested parties with the necessary funding to secure the team’s future.
“We have received several expressions of interest from parties with the financial strength to fund a F1 race team. These conversations are ongoing.
“We believe this approach will maximise the assets of the broader Caterham F1 team and so enable the best outcome for creditors and other stakeholders, including employees of 1MRT.”
It also confirmed that should a deal fail to materliase for the end of the season, they wouldn’t give up on finding a buyer for the 2015 season.
“We remain in conversation with a number of credible, interested parties regarding the sale of the historic Caterham F1 racing team.
“Our current strategy is to seek a buyer that will allow the team to compete in the final race of the season in Abu Dhabi on 23 November 2014 and we are doing all we can to make that happen.
“However, if a deal cannot be finalised in time, then the strategy is to secure a buyer to allow the team to compete in the 2015 F1 championship.”
