News Details

Official: Caterham sold to Swiss and Middle Eastern investors

Following days of speculation resulting from Tony Fernandes mysterious tweet last Friday, Caterham has this afternoon issued the following statement.:'Caterham F1 Team is pleased to confirm that Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles. Under the terms of the sale, the team will continue to race as Caterham F1 Team and will remain based at Leafield for the foreseeable future.The new ownership takes charge with immediate effect. Former F1 driver, Christijan Albers, assisted by Manfredi Ravetto, will take over the day-to-day running of the team, reporting directly to the board...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Caterham confirms new management structure

Caterham F1 Team Caterham has confirmed that Tony Fernandes and his...
1y ago from F1Zone.net

Tony Fernandes hints at Caterham sale

Caterham owner Tony Fernandes has dropped the biggest hint yet that he...
1y ago from RichlandF1.com

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
1y ago from TheF1Times.com

Fernandes closes on Caterham F1 sale

The future of the Caterham F1 team is expected to become clearer this...
1y ago from SpeedCafe.com

Elsewhere On The Network

Popular On MGPToday.com

Rossi: It was my race

In the aftermath of Valentino Rossi's engine blow-up at the Mugello...
1d ago from SuperSport.com

The world according to Maverick Viñales

He's impressed the MotoGP world so much that next year will see Maverick...
16h ago from MotorcycleNews.c...

MotoGP Mugello: Lorenzo accuses Rossi, Vinales of...

Lorenzo says the pair were working together to secure front-row starts for...
2d ago from BikeSportNews.com

‘Great shame’ for Rossi in front of home crowd

Valentino Rossi has described the ‘great shame’ of yesterday’s...
21h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

INDY DIARIES: How Roger Penske accidentally gave Mario...

Over 99 runnings, the Indianapolis 500 has become the most famous event...
12h ago from Racer.com

Rahal: “I think we have a potential race-winner”

Graham Rahal says he believes he can win the 100th Running of the...
8h ago from Motorsport.com

152mph hands-free – Schmidt's amazing four laps of...

Yesterday Sam Schmidt saw James Hinchcliffe claim his team’s second Indy...
17h ago from Motorsport.com

POLL: Who will win the 100th Indy 500?

The famed Indianapolis Motor Speedway will play host to the 100th running...
10h ago from SpeedCafe.com

Popular On TotalWRC.com

Meeke describes Rally Portugal win as...

Kris Meeke has described his run to score a second career WRC victory in...
23h ago from Motorsport.com

A Dangerous Precedent?

Before diving into this topic, I want to take a moment to congratulate...

Matton’s praise for mature Meeke

Advertising Matton was impressed with the way the Northern Irishman built...
17h ago from WRC.com

Merzouga Bikes, Stage 1: Rodrigues ends as lead Hero...

Joaquim Rodrigues ended as the lead Hero MotoSports Rally team rider after...
17h ago from Motorsport.com

Popular On GunnersToday.com

Arsenal eyeing ‘next Messi' as one of the four...

Arsenal are reportedly making moves to revive interest in signing...
4h ago from ArsenalFever.com

LVG out, MFC in, Alexis number change & goals of...

So Louis van Gaal got sacked. I'm with Arsene Wenger when he says it's a...
1h ago from Arseblog.com

Carles Puyol picks best Euro XI... which Arsenal and...

TARSPORT take you through Barcelona legend Carles Puyol's best Euro XI.
3h ago from DailyStar.co.uk

Comments

Hottest News

Hamilton could miss Monaco GP

The next wild rumour is now firing in formula... Read More »
1d ago from ThisIsF1.com

Montezemolo expected bigger Ferrari step forward in 2016

Luca di Montezemolo says he expected Ferrari to... Read More »
1h 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.