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 »
2y 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...
2y 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...
2y ago from TheF1Times.com

Ericsson sure of improvements after 'worst case...

Caterham F1 Team Marcus Ericsson is hopeful that Caterham can put on a...
2y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Analysis: How Mugello proved to Vinales Yamaha was the...

Yamaha-bound rider Maverick Vinales is certain he's made the right choice...
15h ago from Motorsport.com

Mugello Expert Opinion: Casey Stoner

Without doubt Andrea Iannone and the Desmosedici GP had the pace to run...

Video: Part two of ‘Valentino Rossi: The Doctor...

The second episode in the ‘Valentino Rossi: The Doctor Series’...
18h ago from MotorcycleNews.c...

Analysis: Why struggling Honda had to redesign its...

While Honda admits the deficiencies of its new MotoGP engine, the Japanese...
2d ago from Motorsport.com

Popular On IndyCarToday.com

Pippa Mann crashes on Carb Day

Dale Coyne Racing driver Pippa Mann crashed at Turn 4 45 minutes into the...
13h ago from Motorsport.com

Tony Kanaan leads the way in final Indy 500 practice

Chip Ganassi driver Tony Kanaan set the pace in final practice for this...
10h ago from GrandPrixTimes.c...

Franchitti on Chilton crash: "He doesn't know...

Chip Ganassi Racing team advisor Dario Franchitti isn't placing blame on...
2d ago from Motorsport.com

INDY 500: 'Anybody counts us out, it's a big mistake'...

Tony Kanaan says he was not surprised by the frenetic on-track activity...
8h ago from Racer.com

Popular On TotalWRC.com

Camilli buoyed by Portugal result

M-Sport driver reflects on fifth place finish
14h ago from WRC.com

Merzouga, Stage 5: Benavides wins as Rodrigues ends...

Honda's Kevin Benavides took win in the 2016 edition of Merzouga Rally at...
15h ago from Motorsport.com

The WRC gallery: Round 5: Portugal

Advertising Here is a selection of some of our favourite photographs,...
17h ago from WRC.com

Neuville: 'These things can happen'

Philosophical approach to Portugal exit
1d ago from WRC.com

Popular On GunnersToday.com

The 15 most valuable midfielders in the Prem… which...

TARSPORT count down the 15 Premier League midfielders who would command...
2h ago from DailyStar.co.uk

President reveals Arsenal offer for South American...

Udinese president Franco Soldati has stated that Arsenal have made an...

Arsenal fans call on Arsene Wenger to beat Liverpool...

RSENAL fans have taken to Twitter to call on Arsene Wenger to sign Mario...
1h ago from DailyStar.co.uk

The 15 most valuable forwards in the Prem… which...

TARSPORT count down the 15 Premier League forwards who would command the...
1h ago from DailyStar.co.uk

Comments

Hottest News

Tech analysis: Could hollow spokes be F1's latest trick?

They believe ways have been found to lower the... Read More »
11h ago from Motorsport.com

Honda monitoring Renault upgrade closely

Honda is keeping a close eye on Renault's power... Read More »
15h ago from F1i.com

Ferrari to be first with 2017 F1 test car

Ferrari looks set to get the jump on the F1 field... Read More »
19h ago from ThisIsF1.com

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.