Overview
- Plato Racing entered administration this week and sponsor Cataclean provided short-term funding to rebrand the operation as CPRL so it can continue competing under TOCA approval.
- Administrators from Arafino Advisory are marketing the team's assets, including a Pantera ‘Project Speed’ listing, and are seeking a swift buyer to determine the club's medium-term future.
- Jason Plato says he was terminated from his roles as CEO, director and team principal without warning, described the move as 'stunning and unsettled,' and announced he will make no further public comments while the sale process runs.
- Cataclean’s interim funding has preserved the entry and staff for the remainder of the season and kept RML technical support in place, with drivers Adam Morgan and Dan Rowbottom retained for upcoming races.
- The off-track collapse follows a recent on-track surge, including a maiden BTCC win and strong qualifying form, highlighting a sharp contrast between competitive success and underlying financial strain.