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 »
1y 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...
1y ago from GPUpdate.net

Caterham confirms new management structure

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

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

Following days of speculation resulting from Tony Fernandes mysterious...
1y ago from Pitpass.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

Elsewhere On The Network

Popular On MGPToday.com

Rossi upbeat after strong showing on Friday

Valentino Rossi is optimistic about his chances of having a successful...
5h ago from SuperSport.com

MotoGP Assen: Lorenzo to try a ‘completely...

Movistar Yamaha’s Jorge Lorenzo wants to ‘try something different’...
9h ago from BikeSportNews.com

MotoGP Assen: Iannone edges Rossi in second practice...

Movistar Yamaha’s Valentino Rossi missed out on finishing at the top of...
15h ago from BikeSportNews.com

Popular On IndyCarToday.com

VIDEO: Robin Miller with Josef Newgarden

Ed Carpenter Racing's Josef Newgarden speaks with The RACER Channel's...
8h ago from Racer.com

INDYCAR: Rahal fastest in second practice

Just like he was in the open test a couple weeks ago, Graham Rahal...
7h ago from Racer.com

Rahal tops second practice at Road America

He missed most of first practice at Road America with an electrical issue...
7h ago from Motorsport.com

INDYCAR: Daly upbeat during roller coaster year

To say it's been an up-and-down season for Conor Daly is quite an...
10h ago from Racer.com

Popular On TotalWRC.com

Craig Breen and Stéphane Lefebvre to represent Abu...

Winners of Rally de Portugal with Kris Meeke and Paul Nagle, the Abu Dhabi...
10h ago from Motorsport.com

Hyundai Motorsport targets podium at fast and furious...

Hyundai Motorsport is ready to challenge for another podium result in...
15h ago from Motorsport.com

Ogier draws 'additional strength' from fatherhood

Will Tim make the champ even faster?
16h ago from WRC.com

Pryce pursues Polish prize

Welshman chases 2017 WRC 2 drive
14h ago from WRC.com

Popular On GunnersToday.com

Olympic involvement could disrupt Iwobi's season

Arsenal winger Alex Iwobi has been named in Nigeria's provisional squad...
5h ago from News.ArseBlog.com

Higuain, Morata and Lukaku: The strikers Arsenal...

With Jamie Vardy signing a new deal at Leicester City, it is time for...
30m ago from ArsenalFever.com

Five classy Euro 2016 midfielders Arsenal must target...

Five classy Euro 2016 midfielders Arsenal must target this summer BEGIN...
11h ago from FootballFancast....

Arsenal make contact over £7.7m deal for Brazilian...

In recent weeks, Arsenal have been linked with Switzerland international...
13h ago from ArsenalFever.com

Comments

Hottest News

Iconic Brawn BGP001 makes its mark at Goodwood

An undisputed modern Formula 1 legend, the Brawn... Read More »
40m ago from GrandPrix247.com

Honda's new ERS ‘on level' with Mercedes

Honda F1 chief, Yusuke Hasagawa believes their... Read More »
10h ago from F1Hub.net

Formula 1 divided on implications of Brexit

Formula 1 supremo Bernie Ecclestone welcomed... Read More »
50m ago from GrandPrix247.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.