F1: Caterham administrators still hopeful of revival

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While Marussia appears to be out of the running for 2015 after the auctioning off of its assets and reported sale of its factory to Haas F1, bankrupt Caterham F1's administrators remain hopeful that the team can still be revived. The administrators got approval of their plans to continue the talks in a vote of Caterham's creditors at a meeting on Monday. 

“Our dialogue with prospective interested parties continues,” Henry Shinners, joint administrator, told Britain's Sky Sports. “We are grateful to creditors for their endorsement of our strategy and work. We remain hopeful that the Caterham Formula 1 team can be saved and be on the grid in Melbourne for the first race of 2015.”

After going into bankruptcy administration in November, Caterham was forced to skip the United States and Brazilian GPs before returning for the season finale in Abu Dhabi after raising the necessary funds via a controversial crowdfunding scheme.