Caterham Support

Re: Caterham Support#425680

By Jabberwocky - 15 Nov 14, 23:28

- 15 Nov 14, 23:28#425680

http://www.independent.co.uk/news/uk/cr ... 59743.html

A racing car that does not win, is just art

Re: Caterham Support#425681

By myownalias - 15 Nov 14, 23:32

- 15 Nov 14, 23:32#425681

http://www.independent.co.uk/news/uk/crime/police-launch-copyright-inquiry-into-britain-first-for-using-the-queens-crown-without-permission-9859743.html

Are Caterham now part of BNP splinter group, Britain First now? :hehe:

myownalias • The Englishman in Kansas • Twitter: @myownalias

Re: Caterham Support#425682

By Jabberwocky - 15 Nov 14, 23:40

- 15 Nov 14, 23:40#425682

Lol nope just phone not copying links lol

A racing car that does not win, is just art

Re: Caterham Support#425695

By Jabberwocky - 16 Nov 14, 02:20

- 16 Nov 14, 02:20#425695

https://uk.eurosport.yahoo.com/news/for ... 6--f1.html

http://joesaward.wordpress.com/2014/11/ ... eal-world/

A racing car that does not win, is just art

Re: Caterham Support#425703

By myownalias - 16 Nov 14, 03:52

- 16 Nov 14, 03:52#425703

There is an interesting statement made in the comments on Joe Saward's blog...

"The point is that Caterham does not HAVE to be there. The team is allowed by the secret rules to miss three races each year, if necessary."

Is there a special dispensation for Caterham, or all teams, or is it a complete pile of :bs:

?

myownalias • The Englishman in Kansas • Twitter: @myownalias

Re: Caterham Support#425709

By Jabberwocky - 16 Nov 14, 09:08

- 16 Nov 14, 09:08#425709

I have been thinking about this. A few years ago I read up on administrative rules (it was when Woolworths went bust)

The moment the administrators take over the old management team have no control. Which in the joe Saward letter the guy seems to believe he was fired by Fernandez.

When the administers take over. All bank accounts are seized and all creditors have to wait for the process to finish before they get any money.

The administers open new accounts and all debt/credit from then on is there responsibility. So if that guy was fired yesterday he should get paid now for the time the administrators have been in control.

The need to reduce out goings, so assuming this guy is not essential over the off season (think machinist)

As for the crowd funding to only fold the team later. Interesting. Isn't there a 3 million pound payment for every race they attend from TV rights? So spending 2 and a bit to make 3 sounds like good business sense. Especially if the company does not have to pay put the 2 million to start with.

A racing car that does not win, is just art