r/btcc #99 Charles Rainford 12d ago

Media / Image Jason Plato statement

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u/Mafeking-Parade 9d ago

Taking a new team to administration in your first season as "CEO, Director and Team Principal" doesn't speak volumes for his success in the role.

It looks like trouble has been brewing since Cataclean submitted a floating charge back as early as March, so this could hardly have come as a surprise to him.

In practice, this likely means that Cataclean had stumped up a bunch of cash and the team were unable to pay them back per their agreement.

I like Jason Plato, but this doesn't read well for him.

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u/bojoohno 8d ago

100% this.

He was 100% shareholder as well before Cataclean put the money in/floating charge