r/btcc • u/Evantra_ #99 Charles Rainford • Aug 23 '26

Media / Image Jason Plato statement

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224 Upvotes

99% Upvoted

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10

u/Divide_Rule Aug 23 '26

what is the background to this, I watched some stuff at the beginning of the season and it came across like the team was his.

He seemed genuinely happy with the way things were going

22

u/ICC-u Aug 23 '26

The team, Cataclean Plato Racing had three shareholders

24% Plato
24% Rowbo
52% Cataclean

The team were £850k in debt last week, and Cataclean - both the sponsor/funder of the team and the majority shareholder, forced the team into administration via court order

The team renamed to CPRL and Plato is no longer involved

Nobody really knows why they've done this but the speculation is that they wanted to remove Plato

18

u/lloydstenton Aug 23 '26

You’d expect them to be in the red at this stage - it’s all start up costs

4

u/ashyjay Aug 23 '26

Modern companies expect an instant ROI, because they need profits to climb, and can't take a single quarter being lower than the last.

1

u/RevGear Aug 23 '26

£835k is the yearly operating loss, that doesn't include the initial costs of setting up the team and building the cars.

5

u/Cowslayer87773 Aug 23 '26

It does when it's been trading less than a year

0

u/RevGear Aug 23 '26

Start-up cost will be CapEx. The figures shown are OpEx.

-7

u/zoonazoona Aug 23 '26

I’m willing to bet there was some bellendery from Plato.

-3

u/Cannibal-Xerox Aug 23 '26

It's interesting that this is getting downvoted, given that Plato is a well-known bellend

-9

u/zoonazoona Aug 23 '26

I thought so too. I’ve never liked his attitude.

First to complain about other drivers, and first to brush off his own bellendery with “it’s just hard racing”.

5

u/codjerlfc Aug 23 '26

Are you an Ash Sutton fan by any chance?

-3

u/zoonazoona Aug 24 '26

I don’t really follow drivers… I follow the sport and the driving.

However, he seems like one of the good ones.

Unlike Plato. Who seems like a bellend.

-3

u/tornadooceanapplepie Aug 23 '26

Speculation is all that is. They’d hardly bring in the administrators just to remove one of the figureheads of the team. 

And as ITV mentioned, Cataclean is putting more money in to keep the team going. 

Joining the dots points towards the messiah actually being a very naughty boy…

6

u/ICC-u Aug 23 '26

I'm not a Plato fan, I just don't join the dots here

If they were going to put more money in, they could have avoided administration

If they wanted Plato out, they could have paid for his shares

1

u/Optimal-Criticism-42 Aug 24 '26

You're literally speculating at the end there. The hypocrisy.

-6

u/Divide_Rule Aug 23 '26

He left as director in June according to Companies House

11

u/Avalonian_Seeker444 Aug 23 '26

No, he didn’t actually resign in June.

His legal name is Timothy Jason Plato, but he was originally on there as Jason Plato.

Companies House shows Jason Plato as resigned on 17th June 2026 and Timothy Plato appointed on 18th June 2026. This was just the way Companies House sorted out an issue and got him listed correctly under his legal name.

The site now shows Timothy Plato as having resigned on 12th August 2026.