Caterham F1 team's former factory to be sold

Members of the Caterham Formula One team prepare their car at the Yas Marina circuit before the start of the Abu Dhabi Grand Prix November 20, 2014. REUTERS/Caren Firouz

LONDON (Reuters) - The failed Caterham Formula One team's Leafield factory in central England is to be sold off with auctioneers saying on Thursday they were seeking offers of more than 5.5 million pounds.

BNP Paribas Real Estate and Carter Jonas said they had been appointed by administrators to sell the facility which previously housed the now-defunct Super Aguri and Arrows F1 teams.

Caterham, founded by Malaysian Airasia airline entrepreneur Tony Fernandes as Lotus Racing in 2010, failed to score a point in five seasons in Formula One and went into administration with 200 staff made redundant last October.

They folded after raising money through crowd-funding to compete at last year's Abu Dhabi season-ender.

The team's cars and other factory equipment has been sold off through a series of auctions.

British driver Will Stevens, who raced for the team in Abu Dhabi and is now with tail-enders Manor Marussia, told reporters at the Spanish Grand Prix on Thursday he had considered buying as a memento the steering wheel to the car he drove.

"It would be cool to have my steering wheel from my first grand prix to keep but I'm not sure if it's still around any more," he said. "I'm not sure how much it would even go for."

(Reporting by Alan Baldwin in Barcelona, editing by Justin Palmer)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Motorsport

Motor racing-Russell to drive for Mercedes in Hungary tyre test
Motor racing-Aston Martin will let the data decide Vettel appeal decision
Motor racing-Vettel disqualified from Hungarian Grand Prix, Hamilton up to second
Motor racing-Vettel and three others reprimanded for not removing LGBTQ+ rights t-shirts before anthem
Motor racing-Williams celebrate best result in Formula One since 2017
Motor racing-Hamilton suspects long COVID after suffering fatigue, dizziness
Motor racing-Ocon takes his first F1 win in Hungary with Alpine
Motor racing-Bottas handed five place grid penalty for next race
Motor racing-Hamilton rejects 'gamesmanship' claims in Hungarian GP pole fight
Motor racing-Verstappen frustration boils over as Hamilton takes pole in Hungary

Stories You'll Enjoy