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 MotoGPToday.com

Rossi smashes another record

Current MotoGP World Championship leader Valentino Rossi has broken Angel...
6h ago from MotoGP.com

Bradl replaces Melandri at Gresini Aprilia for the...

Former Moto2 champion Stefan Bradl will compete in the remaining nine...
4h ago from BikeSportNews.com

Bradl joins Aprilia for remainder of 2015

– German rider Stefan Bradl has joined Aprilia for the remainder of...
4h ago from GPUpdate.net

Relive all of the action from the German GP

Marc Marquez bounced back to form at the Sachsenring, while Pedrosa...
6h ago from MotoGP.com

Popular On IndyCarToday.com

Mid-Ohio: Practice 3 results

Dixon blasts clear of the rest in final practice Practice 3 times 1....
1h ago from Crash.net

Dixon blasts clear of the rest in final practice

If there was any doubt that Ganassi's Scott Dixon was the man to beat...
1h ago from Crash.net

Mid-Ohio: Combined Friday practice results

Dixon moves to the top in Friday practice at Mid-Ohio Combined Friday...
20h ago from Crash.net

Poll results: What’s the best way for IndyCar to...

Here are the results to our latest poll question: What’s the best way...
1d ago from Racer.com

Popular On TotalWRC.com

Rally Finland Day 2: Latvala deals fearsome blows to...

Jari-Matti Latvala strengthened his grip on Rally Finland with an...
2h ago from Motorsport.com

Latvala leads home rally

Finnish driver Jari-Matti Latvala built up an impressive margin of 11.4...
2h ago from SuperSport.com

SS16: Meeke crashes out of third

Heavy rain makes gravel roads treacherous
4h ago from WRC.com

SS14: Fast and furious – Finland at its best!

Latvala and Ogier split by just three seconds
8h ago from WRC.com

Popular On GunnersToday.com

Blow for Arsenal as Real Madrid close in on midfield...

Long term Arsenal target William Carvalho is being lined up for a...

Arsenal star DERATE to play despite Arsene Wenger's...

Arsenal star Alexis Sanchez is desperate to play as soon as possible...
4h ago from CaughtOffside.com

Terry: It will be strange to face Cech

ea captain John Terry and defender Gary Cahill speak about facing Petr...
4h ago from ESPNFC.co.uk

Arsenal boosted as club ADMIT star could still be sold...

Arsenal will have been boosted by the news that Schalke may still sell...
1h ago from CaughtOffside.com

Comments

comments powered by Disqus

Hottest News

Haas F1 confirms Vergne, Gutierrez and Hulkenberg linked...

A trio of drivers has emerged at the top of the... Read More »
2h ago from ThisIsF1.com

McLaren: ‘This isn't what F1 is about'

To test or not to test, that is the question. I... Read More »
1h ago from Formula1Blog.com

I want more Alonso presents please

Being the die-hard Fernando Alonso fan that I am,... Read More »
2h ago from Formula1Blog.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.