Date: 17th October 2014 at 8:05am
Written by:

The Caterham F1 team remain bullish in the face of financial adversity.

At the start of the month bailiffs moved in and seized items from the Caterham factory.

It was the clearest sign yet that the teams financial problems had continued.

Ever since Tony Fernandes sold the Formula One team to a Swiss-Middle Eastern consortium in July rumours of financial problems have struck the team.

Reports suggested that a 2013 Caterham test car, Caterham car parts due for the Japanese Grand Prix race weekend and a simulator were taken and are set to be sold via auction later this month.

However Caterham insist they intend to recover them beforehand.

Some reports suggested that Caterham could halt racing before the end of the season, however Caterham were indeed still racing in Japan and last weekend in Russia.

?Knowing that this team, under previous ownership, was due to stop racing before the British Grand Prix, we ? the new management ? are proud of having completed not only the European season but also the Asian season!? Caterham team boss Manfredi Ravetto told Sky Sports.

?This gives us confidence to approach the last three fly-away races in America and the Middle-East with an extra-boost: our performance is steadily improving and recent results plus our great qualifying performance in Sochi are putting us on a level the team has hardly shown previously.

?We are on a high and we keep fighting day after day, even if there are a few negative comments or scepticism from some people who would be happy to see us failing: we can live with this, we have no problem at all; what we do is answer with facts, starting with the technical improvement of the car and stabilizing of the team’s financial side ? but we just want to remind everybody that we are those brave ones who try to firefight; we are not the ones who left the team in a critical status! I can tolerate misinterpretations on everything except this. And, by the way, we historically seem to be quite successful in contradicting the rumour mill…?