THE remaining assets of the Caterham F1 team are set to be put up for auction.

Caterham, based at Leafield, went into administration in October last year and administrator Finbarr O'Connell has been seeking buyers ever since.

The administrator said discussions were on-going with interested parties and he remained hopeful.

He said if a buyer was found the auction would be pulled, with the assets being sold to the purchaser.

An initial auction of the team's assets is scheduled for March 11.

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