{"id":2113991,"date":"2026-08-17T16:11:16","date_gmt":"2026-08-17T15:11:16","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/eastmidlands\/?p=2113991"},"modified":"2026-08-18T08:00:49","modified_gmt":"2026-08-18T07:00:49","slug":"plato-racing-runs-out-of-road-as-it-enters-administration","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/eastmidlands\/news\/2113991-plato-racing-runs-out-of-road-as-it-enters-administration","title":{"rendered":"Plato Racing runs out of road as it enters administration"},"content":{"rendered":"<p>A British Touring Car Championship team has entered administration, with its racing operation now being marketed to potential buyers.<\/p>\n<p>Plato Racing Limited&#8217;s assets, intellectual property, commercial relationships and operational infrastructure are being offered for sale, with the company headquartered in Northamptonshire.<\/p>\n<p>The business has been presented as an opportunity to acquire an established BTCC platform, including competitive race cars, engineering personnel, recognised drivers and commercial sponsorship relationships.<\/p>\n<p>The administration comes shortly after the team secured its first outright BTCC victory at Knockhill, with Adam Morgan leading team-mate Daniel Rowbottom to a 1-2 finish.<\/p>\n<p>Both drivers then followed up with second-place finishes in the next two races, helping them consolidate top-10 positions in the overall drivers&#8217; championship standings.<\/p>\n<p>Sale documents show the business recorded \u00a3545,073 in turnover against \u00a31.38m of overheads, resulting in an operating loss of \u00a3835,097.<\/p>\n<p>Court records indicate that notice of the appointment of an administrator was filed on 11 August 2026, with Pantera Valuation Services marketing the operation on behalf of the joint administrators.<\/p>\n<p>The sale covers the assets and infrastructure behind the team&#8217;s BTCC programme, which includes two self-developed Mercedes-AMG A35 race cars.<\/p>\n<p>The operation has established itself in the championship in a relatively short period, bringing together an experienced team of engineers, mechanics and drivers to develop and run its own cars.<\/p>\n<p>The sale process will now determine the future ownership of the operation, with its technical expertise, assets and commercial relationships offering potential buyers a route into the BTCC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assets, cars and commercial relationships of the Northampton business are now up for sale<\/p>\n","protected":false},"author":266702,"featured_media":2113992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262],"coauthors":[127717],"class_list":["post-2113991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-northamptonshire","tag-top-story"],"yoast_head":"<!-- This site is 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