News Details

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles, it has been confirmed.As reported on GPUpdate.net earlier today, ex-Formula 1 driver Christijan Albers will take over the day-to-day running of the outfit, reporting directly to the board and replacing outgoing Team Principal Cyril Abiteboul, who will leave the team 'to pursue new challenges'.Albers will be assisted by Manfredi Ravetto with the new owners taking charge with immediate effect."We are aware of the huge challenge ahead of us given the fight at the bottom end of the Championship and our target now is...
Full Story »
9y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Caterham confirms new management structure

Caterham F1 Team Caterham has confirmed that Tony Fernandes and his...
9y ago from F1Zone.net

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
9y ago from TheF1Times.com

Kolles returning to F1 as Caterham saviour?

Colin Kolles was part of the short-lived HRT F1 project Former HRT and...
9y ago from GrandPrix247.com

Official: Caterham sold to Swiss and Middle Eastern...

Following days of speculation resulting from Tony Fernandes mysterious...
9y ago from Pitpass.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...
19h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Neuville pips Tänak in Safari opener

FIA World Rally Championship leader Thierry Neuville took a slender...
12h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Comments

Hottest News

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.