Financially-troubled F1 team Caterham set to retain 2014 car as administrator pursues buyer

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Caterham has been given dispensation to compete in next year's Formula One with the 2014 car as the team's administrator talks to three potential buyers.

The World Motor Sport Council this week needs to ratify the car decision made by the F1 commission to help the team, which is in bankruptcy protection.

Team administrator Finbarr O'Connell says "the F1 Commission and FIA agreed if it would assist the weaker teams they can use the 2014 car next year, so giving them more time and options."

Discussing the huge costs required to run a team, O'Connell says that makes it "very difficult" to secure a deal.

But O'Connell added that he is talking with "two very strong candidates, and a third less strong."