News Details

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...
Full Story »
4mo ago from Formula1.com 0
Share

You May Also Be Interested In...

Caterham confirms sale to consortium

Sutton Images Enlarge Caterham will continue to compete in Formula One...
4mo ago from espnF1.com

Caterham F1 sale could be announced this week

Caterham Group owner Tony Fernandes is believed to have found a buyer for...
4mo ago from TheF1Times.com

Tony Fernandes hints at Caterham sale

Caterham owner Tony Fernandes has dropped the biggest hint yet that he...
4mo ago from RichlandF1.com

Caterham confirm sale with Albers taking charge

The Caterham F1 team has confirmed that owner Tony Fernandes has sold the...
4mo ago from TheF1Times.com

Comments

comments powered by Disqus

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.