Formula One supremo Bernie Ecclestone has given special dispensation to Caterham to miss the next two grands prix whilst a buyer is sought for the cash-strapped marque. A statement issued by the administrators in London-based accountancy firm Smith & Williamson has effectively confirmed Caterham will not be in a position to compete in next weekend's United States Grand Prix and the subsequent race a week later in Brazil. Administrator Finbarr O'Connell, who was forced to close the gates to the team's factory at Leafield on Thursday, has told Caterham staff not to return until a deal has been concluded. Caterham are in danger of going out of business after a four-year stay on the Formula One grid
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Caterham are strapped for cash and are seeking a buyer at present
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The team are being given special dispensation by Formula One authorities
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Supremo Bernie Ecclestone will allow them to miss next two Grands Prix
Ordinarily, should a team miss a race for any reason they would be punished by @placeholder, but given the circumstances in this case he has opted to be lenient.