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Fernandes to put Caterham group – including F1 team – up for sale
Tony Fernandes will sell the Caterham automotive group, including the Formula One team, according to reports in the Malaysian media on Sunday. Fernandes, who also owns the no-thrills airline AirAsia and recently promoted Premier League club Queens Park Rangers, is reputedly looking for around £350 million for the group, which includes Caterham Cars Ltd. as well as the Caterham Formula One Team, report The Edge Malaysia.
Caterham, who entered the sport under Fernandes direction in 2010, first badged as Lotus Racing, before the change to the current name for 2012 following a legal-dispute, are yet to score a point in what is now their fifth season of competition in Formula One.
Fernandes...
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9y ago from RichlandF1.com
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