Well, given how rapidly the situation at Caterham seems to be declining, it might well be the case that the team has fallen apart by the time the main forum is restored.
We've had O’Connell, who is acting on behalf of the administrators of Caterham Sports Ltd, publicly question the structure of the team and state that it is not clear to him who owns what assets. To make matters worse, the team have now been shut out of their factory as the offices, which belonged to Caterham Sports Ltd., have now been locked by the administrators as they review its assets.
Now it appears that Fernandes and the mystery investors, who are now revealed to be a company called Engavest SA, are at loggerheads over who has what right to what is left of the team.
Engavest SA are complaining that Fernandes has refused to had over control of the team and therefore is still the de facto owner of the team.
Fernandes in turn is making comments that suggests that he was holding onto shares in the team on the basis that Engavest SA never paid him for those shares, and therefore has no right to them.
To make matters worse, Kolles is now being reported as saying that Caterham are at serious risk of missing the US GP in Austin unless an agreement can be reached with the administrators by Saturday.
All in all, it sounds like the team is beginning to implode in a spectacular fashion - HRT's demise was rather sedate compared to what looks like a rapid descent into a major legal fight.
It's one of the few occasions where I can find myself agreeing with Bernie on one thing. Ahead of chairing a meeting where Bernie was due to act as a mediator between the two sides, Bernie was asked what he thought of the whole affair, to which he replied
We've had O’Connell, who is acting on behalf of the administrators of Caterham Sports Ltd, publicly question the structure of the team and state that it is not clear to him who owns what assets. To make matters worse, the team have now been shut out of their factory as the offices, which belonged to Caterham Sports Ltd., have now been locked by the administrators as they review its assets.
Now it appears that Fernandes and the mystery investors, who are now revealed to be a company called Engavest SA, are at loggerheads over who has what right to what is left of the team.
Engavest SA are complaining that Fernandes has refused to had over control of the team and therefore is still the de facto owner of the team.
Fernandes in turn is making comments that suggests that he was holding onto shares in the team on the basis that Engavest SA never paid him for those shares, and therefore has no right to them.
To make matters worse, Kolles is now being reported as saying that Caterham are at serious risk of missing the US GP in Austin unless an agreement can be reached with the administrators by Saturday.
All in all, it sounds like the team is beginning to implode in a spectacular fashion - HRT's demise was rather sedate compared to what looks like a rapid descent into a major legal fight.
It's one of the few occasions where I can find myself agreeing with Bernie on one thing. Ahead of chairing a meeting where Bernie was due to act as a mediator between the two sides, Bernie was asked what he thought of the whole affair, to which he replied
"All I know is what I've been told. Not too sure it's all true either."