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Caterham to race in Suzuka despite bailiff seizure

Caterham have initiated cost cutting measures since Tony Fernandes (C) sold the team in July
Caterham have initiated cost cutting measures since Tony Fernandes (C) sold the team in July

Formula One team Caterham insist they will race at the Japanese Grand Prix this weekend despite claims from a bailiff company that they have seized goods from their factory.

The struggling outfit was sold by Tony Fernandes, owner of Premier League football club Queens Park Rangers, in July with a Swiss-Middle East consortium taking over - but financial difficulties continue to plague the UK-based marque.

The immediate future of the team is now in further doubt following the announcement by enforcement agent The Sheriff’s Office that several items have been seized.

But Caterham released a statement denying they were involved and claiming the action by the bailiffs was actually against one of their suppliers - maintaining they intend to participate in full at Suzuka.

"There have been unfounded and unsubstantiated rumours concerning actions against 1MRT, the entrant and owner of CaterhamF1," the statement read.

"An action was threatened yesterday against a supplier company to 1MRT. This company is not owned by 1MRT and it has no influence over the entry of CaterhamF1 or the entrant.

"Also contrary to uncontrolled rumours, all operations are currently in place at Leafield and the race team is doing its preparation in Japan."

A list of items has appeared on The Sheriff’s Office website, which says they intend to auction off goods - including parts bound for Suzuka - within a couple of weeks.

"By order of The Sheriff’s Office, authorised High Court Enforcement Officers, we hereby announce the impending sale of goods seized and removed from a Formula One team," their own statement declared.

"The goods include but are not limited to: Caterham F1 test car (2013), Caterham F1 car parts (due for Japan 2014), Full size 6 DOF motion platform F1 simulator, F1 steering wheels, F1 wheels with tyres, High quality drilling & machining equipment, Caterham & Lotus F1 memorabilia, Various pit lane equipment including jacks, pumps and starters, TVs, monitors and other goods and equipment."

It is another twist in the continued struggle to keep the team afloat - Caterham remain in dispute with a number of former employees who lost their jobs under cost-cutting measures brought in by the new owners.

Also, former F1 driver Christijan Albers was installed as the chief executive by the consortium but resigned last month due to 'private reasons'.

Caterham announced earlier in the week that Kamui Kobayashi would retain his seat for his home grand prix - but the team, who have never scored a point in F1, will be under the spotlight as questions continue to be asked about this ongoing issue.

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