News Details

Caterham Formula One Team up for Sale, Says Report

Kuala Lumpur:  Flamboyant Malaysian millionaire Tony Fernandes has put his Caterham Formula One team up for sale, seeking about 350 million pounds ($589 million) for all assets of the Britain-based parent company, a report said.Fernandes, who also owns budget airline AirAsia and the English football club Queens Park Rangers, had warned in January that he would stop funding the F1 team unless its performance improved.Citing an unnamed source, Malaysia's Edge financial daily on Sunday said Fernandes planned to offload the group's assets, adding that an information memorandum for the sale was being circulated in the Middle East.Fernandes, ranked the 28th richest person in Malaysia by...
Full Story »
11mo ago from NDTVSports.com 0
Share

You May Also Be Interested In...

Maldonado denies Venezuelan funding to end

Pastor Maldonado Lotus driver Pastor Maldonado has denied his Formula 1...
1y ago from GrandPrix247.com

Report: Caterham put up for sale by Fernandes

The Caterham Group has reportedly been put up for sale by owner Tony...
11mo ago from TheF1Times.com

Ericsson sure of improvements after 'worst case...

Caterham F1 Team Marcus Ericsson is hopeful that Caterham can put on a...
1y ago from F1Zone.net

Elsewhere On The Network

Popular On MotoGPToday.com

Sykes in control despite close times at Donington

First day of action in UK decides top-20 riders for Round 6...
7h ago from Motorsport.com

MotoGP moves closer to Indonesian race from 2017

Indonesia could return to the MotoGP calendar from 2017 after series...
12h ago from Motorsport.com

MotoGP eyes Indonesian race from 2017

– MotoGP is looking to add an Indonesian round to its calendar from...
11h ago from GPUpdate.net

Rivals refuse to write off Marquez

With Marc Marquez having won only one race this there has been plenty of...

Popular On IndyCarToday.com

Indy 500: Indy changes held us back, Honda says

  Honda believes it was disadvantaged by the precautionary changes...
2h ago from Racer.com

Indy 500: Practice 11 results

Power and Dixon on top as Vautier steps in Practice 11 times 1. Will...
8h ago from Crash.net

Unlikely circumstances put Briscoe in position to make...

Ryan Briscoe could be the only driver since A.J. Foyt to win the triple...
5h ago from Motorsport.com

Indy 500: 2014 speedway aerodynamics could return...

With the spate of crashes and airborne events during practice for the...
9h ago from Racer.com

Popular On TotalWRC.com

Latvala finds form to lead in Portugal

He won the same stage this morning and this afternoon in his Volkswagen...
6h ago from WRC.com

Latvala leads in Portugal

Finland's Jari-Matti Latvala leads Kris Meeke of Britain at the Rally of...
7h ago from SkySports.com

RX: BTCC ace wins rallycross talent search

Former British Touring Car driver Tom Onslow-Cole has won the inaugural...
11h ago from Crash.net

SS6: Ogier opens account in Portugal

Double champion claims first stage win
9h ago from WRC.com

Popular On GunnersToday.com

Premier League betting: Michael Owen tips Arsenal to...

Former Manchester United and Liverpool striker Michael Owen has teamed up...
1h ago from CaughtOffside.com

Wenger's comments strengthen rumours of Vidal's move...

Arturo Vidal could be on his way to the Emirates, after recently agreeing...
3h ago from AllArsenal.com

Wenger - Final-day focus will benefit us

Arsène Wenger insists the presence of pressure at Sunday’s...
3h ago from Arsenal.com

Arsenal ‘not interested’ in 20-goal sensation

Arsenal chief Arsene Wenger has moved to quell speculation that his side...

Comments

comments powered by Disqus

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.