Plato Racing slipped into administration in August 2026. The decision involving the BTCC team succeeded a race victory at Knockhill. Administrators have set Plato Racing on the market following the passage into administration.

News outlets reported that the outfit reached its limit before being put up for sale. Plato Racing is the BTCC team that went into administration after its Knockhill race victory. The administrators then put the team up for sale. This set of developments happened in August 2026.