News Details
Caterham F1 team up for sale
Flamboyant Malaysian millionaire Tony Fernandes has put his Caterham Formula One team up for sale, seeking about £350 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 Forbes magazine, did not respond to...
Full Story »
Full Story »
9y ago from SuperSport.com
0
You May Also Be Interested In...
Caterham F1 team up for sale - report
AirAsia chief executive Tony Fernandes is trying to sell his Caterham...
9y ago from SuperSport.com
Caterham Formula One Team up for Sale, Says Report
Kuala Lumpur: Flamboyant Malaysian millionaire Tony Fernandes has...
9y ago from NDTVSports.com
Report: Caterham put up for sale by Fernandes
The Caterham Group has reportedly been put up for sale by owner Tony...
9y ago from TheF1Times.com
'Caterham up for sale'
If you want to own a Formula 1 team now is the time to get in there as...
9y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
4h ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
5h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
19h ago from Motorsport.com
Dall’Igna calls Bagnaia/Marquez Portugal MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
16h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
19h ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Drivers offer thoughts on Thermal exhibition, ideas on...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Kenya launches motorsport academy to nurture future...
No description available...
2h ago from Motorsport.com
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
2h ago from Motorsport.com
Kalle quickest in Safari shakedown
Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...
10h ago from MotorsportWeek.c...
Rovanpera: WRC technical overhaul for 2025 “makes no...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
'These games can sometimes signify or create history'...
No description available...
50m ago from SportsKeeda.com
'Interest is there and will likely grow in the next...
No description available...
50m ago from SportsKeeda.com
He comes from Portugal- now how does he play for...
Over the last few seasons, Arsenal have been able to create a strength in...
2h ago from Arseblog.com
'There's so much quality' - Football expert claims...
No description available...
4h ago from SportsKeeda.com
Comments
Hottest News
Top manufacturer takes HUGE step towards F1 return
A top manufacturer has taken a significant step... Read More »
2h ago from GPFans.com
F1 owners ‘close’ to stunning £3.5 BILLION takeover of...
A multi-billion pound deal put forward by Formula... Read More »
8h ago from GPFans.com
Hulkenberg believes Suzuka will be the ‘ultimate...
Nico Hulkenberg is pleased with Haas' progress in... Read More »
1h ago from MotorsportWeek.com