Although Caterham has been given approval by the FIA to miss the next two Formula One grands prix at Austin and Brazil due to ongoing financial difficulties, the representative for the administrator who has taken control of the team's assets, Finbarr O'Connell, says that the team is more valuable if they keep racing.
Another wrench was thrown into Caterham's plans to make the United States Grand Prix next week: Caterham's staff has been locked out of the team's headquarters in Leafield, England.
Kamui Kobayashi retired inexplicably mid-race during the Formula One Russian Grand Prix, and his post-retirement interview was just as baffling. He couldn't explain why Caterham wanted to pull the car he was racing. Perhaps a few too many items were seized earlier this month?
Earlier today there were reports about some sort of ruckus going on at the Caterham F1 team, including rumors of police at their headquarters in England. Then they issued a weird non-denial denial that anything happened at all. And now repo men are selling a bunch of their stuff, including an F1 car.
The Caterham F1 team office has reportedly been raided by police, according to Emma Buxton. It's unclear as to what exactly triggered the law enforcement action, but the team has been in extremely dire financial straits.
Unsuccessful Formula 1 teams suck up fortunes like deserts swallow rain, so the Caterham Group got rid of theirs, leaving the task of turning it around to Swiss and Middle-Eastern investors.