Formula 1 supremo, Bernie Ecclestone will allow the Formula 1 team Caterham to miss two of the upcoming races so that they can focus on finding a new owner.

Caterham have been in administration and could end up facing legal complications with Formula 1 and Ecclestone if they miss any races but the F1 boss has “agreed to give dispensation that it could miss the US and Brazilian Grands Prix”.

Ecclestone said it was alright for the team to sit out a few races in lieu of finding a new buyer. “I wonder if they are going to do it [find a buyer].”

He also stated that there would be no problem if the running field was reduced to 10 teams but hoped that “someone might come along”.

The administrators for the team and Ecclestone remain hopeful that the team would be able to compete in the final race of the season which will be held at the Yas Marina circuit at Abu Dhabi in November.

This comes after the retirement of Kobayashi when he was also unsure as to what the problem was with his car and was asked by the team to retire. Earlier, Administrator Finbarr had closed the team’s factory at Leafield on Thursday and had asked employees not to report to work until they had concluded a deal for the future of the racing team.

Caterham told that they had taken the decision to hand over the running of the team to administrators “in the higher interest of allowing the team to continue operating and preparing for the next events”.

The statement from the London based accountancy firm, who are also looking into the administration of Caterham, Smith and Williamson said

“Mr. Ecclestone also agreed to give dispensation to Caterham F1 such that it could, if necessary, miss the US and Brazilian Grands Prix, but hoped that a new owner would be in a position to race the team at the Abu Dhabi Grand Prix.

“The administrators have been contacted by a number of interested parties and they hope a transaction with an operator of substantial financial means can be concluded in the next few weeks.”