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

Opinion: Yamaha's engine failures a recurring issue

Yamaha suffered two high-profile engine blow-ups during the most recent...
10h ago from Motorsport.com

Lorenzo and Marquez’s Mugello lucky escape

Both Jorge Lorenzo and Marc Marquez were lucky to get away with a huge...
15h ago from MotorcycleNews.c...

Yamaha boss Jarvis admits Pedrosa deal was ‘at...

Yamaha MotoGP boss Lin Jarvis has admitted that they were at an advanced...
17h ago from MotorcycleNews.c...

Laverty dedicates Catalunya helmet to TT racer...

Northern Irish MotoGP racer Eugene Laverty will wear a special helmet...

Popular On IndyCarToday.com

Andretti Autosport team manager on Rossi's dream Indy...

Michael Andretti’s team scored a 1-2 finish in the 100th Running of the...
5h ago from Motorsport.com

INDY 500: Win moves Rossi into championship contention

The winner of the epic 100th Indy 500 didn't need to sober up for Monday...
8h ago from Racer.com

INDY 500: Rossi had 'no idea' about ovals - Andretti

Shock Indianapolis 500 winner Alexander Rossi had "no idea"...
9h ago from Racer.com

Rookie Alexander Rossi wins 100th running of Indy 500

Alexander Rossi has won the 100th running of the Indianapolis 500 for...
1d ago from Motorsport.com

Popular On TotalWRC.com

Available now: WRC Regroup podcast

New edition available to download
12h ago from WRC.com

Lydden WRX: Ekstrom snatches win from Solberg in finals

Championship leader Mattias Ekstrom made it three victories from the first...
1d ago from Motorsport.com

Semi-finals for Volkswagen RX Sweden at Lydden Hill

Johan Kristoffersson and Anton Marklund once again proved the pace of the...
1d ago from Motorsport.com

Lydden WRX: Solberg leads Day 1 as Loeb hits trouble

Reigning World Rallycross Champion Petter Solberg leads the way after the...
2d ago from Motorsport.com

Popular On GunnersToday.com

Arsenal ace gives exit hint: I need to play more games

GETTY DEMAND: Calum Chambers wants more first-team football at Arsenal...
2h ago from DailyStar.co.uk

Euro giants could scupper Arsenal plans as stunning...

Arsenal midfielder Mesut Ozil is emerging as a shock target for Bayern...

Southampton plotting Arsenal raid: Arsene Wenger...

GETTY EXIT: Chambers could be heading back to Southampton England...
2h ago from DailyStar.co.uk

UEFA reveals the hottest talents ahead of Euro 2016...

JAMES MILNER has been rated as one of the top players in Europe according...
6h ago from Express.co.uk

Comments

Hottest News

REVIEW: Top Gear 2016 – Refreshing Reboot or Glory...

After months of anticipation, rumours and quite a... Read More »
8h ago from Ultra-GP.com

Where now for Ricciardo

Though his options are limited, Daniel Ricciardo... Read More »
14h ago from Pitpass.com

Ricciardo: I m not sure where to go from here

Daniel Ricciardo says Red Bull Racing cannot... Read More »
15h ago from Crash.net

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.