Creditors set to lose £23m as Caterham hits the pits

CREDITORS of the collapsed Formula One team Caterham are on track to lose £23 million, after administrators said there are insufficient funds to pay them, writes Christian Sylt. Oxfordshire-based Caterham Sports has been in administration since 2014, but documents filed last week show that the process of closing the company is nearing its final lap.

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