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Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former HRT and Midland team principal Colin Kolles.Under the terms of the sale, the team will retain their name and will remain based at their current Leafield location ‘for the foreseeable future’.Former F1 driver Christijan Albers, who made 46 Grands Prix starts between 2005 and 2007 and drove under Kolles at Midland in 2006, will take over the day-to-day running of the squad with immediate effect, replacing Cyril Abiteboul, who will leave the team ‘to pursue new challenges’."We are aware of...
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