News Details

Caterham F1 confirms change of ownership

Caterham F1 Team is under new ownership after Tony Fernandes sold his interest following uncertainty over the team's future. The Leafield-based squad confirmed that Fernandes and his partners have sold the operation 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 Dutch F1 driver Christijan Albers will take over the day-to-day running of the team, assisted by Manfredi Ravetto and reporting directly to the board. He replaces former team...
Full Story »
4mo ago from Crash.net 0
Share

You May Also Be Interested In...

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to...
4mo ago from GPUpdate.net

Caterham confirms new management structure

Caterham F1 Team Caterham has confirmed that Tony Fernandes and his...
4mo ago from F1Zone.net

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

Following days of speculation resulting from Tony Fernandes mysterious...
4mo ago from Pitpass.com

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
5mo ago from TheF1Times.com

Comments

comments powered by Disqus

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.