By Daniel Wilson.
Caterham’s administrators have said the struggling team have made 230 staff redundant despite announcing they will take part in next weekend’s season-ending race in Abu Dhabi.
The Oxfordshire based company went into administration more than three weeks ago and has missed the last two Grands Prix in the United States and Brazil.
The team announced this week that it had raised the £2.3m needed to race in Abu Dhabi through public funding.
However, Caterham’s future beyond next weekend looks bleak as staff have not been paid since the end of September and the team is heading for another season without a point.
Earlier this month, Marussia ceased trading and have therefore folded, even though they sat ninth in the constructors championship following their two points earned by Jules Bianchi at the Monaco Grand Prix in May.
Other teams under threat of financial difficulties are Sauber and Lotus, raising the possibility of a 14-car grid next season or even three car teams – a controversial talking point in the paddock at the moment.
The cost crisis in F1 is really shameful. This is probably the world’s richest sport, and to let these teams fall is awful.
What is even worse is that if or when Jules Bianchi wakes up, his world is totally different. The last thing he remembers is racing at a wet Suzuka for a team in their best season yet, and now he has possible brain damage and the team he raced for no longer exists.
Let’s just hope that no more teams go under and that Caterham can be saved for 2015. Let’s also hope the world can focus on F1 on the track in the next week as oppose to off of it, as the climax to this incredible season is less than a week away.
What do you make of Caterham’s situation?
Is F1 in crisis?
What do you think needs to change?
Leave your thoughts and comments below!