Overview
- Plato Racing Limited entered administration, with joint administrators James Varney and Simon Bonney of Arafino Advisory appointed on August 12, and its assets and IP are being marketed for sale under a Pantera listing called “Project Speed.”
- Title sponsor Cataclean agreed interim funding that allows the entry to race this weekend at Donington Park under a new interim name, CPRL, and to safeguard jobs and creditors in the short term.
- TOCA and RML Group have confirmed the restructured programme will continue in the BTCC and that RML will keep providing technical support for the Mercedes‑AMG A35 cars.
- Drivers Adam Morgan and Daniel Rowbottom will remain in the cars for the remainder of the season while the administrators seek buyers and invited interested parties to register by August 25.
- Sale documents show the team ran at an operating loss of £835,097 on turnover of £545,073 against overheads of £1,380,170, making the quick sale process central to the team’s financial recovery and future ownership.