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 »
10mo 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...
10mo 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...
10mo ago from TheF1Times.com

Tony Fernandes hints at Caterham sale

Caterham owner Tony Fernandes has dropped the biggest hint yet that he...
11mo ago from RichlandF1.com

Caterham confirm sale with Albers taking charge

The Caterham F1 team has confirmed that owner Tony Fernandes has sold the...
10mo ago from TheF1Times.com

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi: All is open for tomorrow

Valentino Rossi refused to panic after setting the ninth fastest time on...
43m ago from Crash.net

Lorenzo: "Let‘s see if we can improve the...

Lorenzo shows consistent pace to secure third in the combined session...
3h ago from MotoGP.com

Crutchlow: Ducati will win at Mugello

Cal Crutchlow is predicting a Ducati victory at the Italian MotoGP at...
1h ago from Crash.net

Dovi fastest but Lorenzo favourite

Andrea Dovizioso may have led both Friday practice sessions at his and...
3h ago from Crash.net

Popular On IndyCarToday.com

Kanaan fastest at start of Detroit double

Tony Kanaan took an early advantage over the rest of the field, setting...
1h ago from Crash.net

IndyCar: Kanaan heads practice in Detroit

Tony Kanaan left it until his penultimate lap to wrestle his No. 10 Chip...
2h ago from Racer.com

Detroit: Practice 1 results

Kanaan fastest at start of Detroit doubleheader Practice 1 times 1. Tony...
1h ago from Crash.net

IndyCar: Aero and suspension changes in the works for...

Page 1 of 2 Verizon IndyCar Series teams have been preparing for some...
15h ago from Racer.com

Popular On TotalWRC.com

Kubica's Portugal success with revamped team

Pole re-establishes link with M-Sport
3h ago from WRC.com

New Fiesta sets Tänak’s pulse racing

The Estonian finished fifth after a troublefree run over rough gravel...
7h ago from WRC.com

Erik Carlsson 1929-2015

Swedens 'Mr Saab' and a pioneer of left-foot braking
1d ago from WRC.com

Olsbergs MSE Ford returns to Global Rallycross to...

2015 championship season opens this weekend in Fort Lauderdale Charlotte,...
1d ago from Motorsport.com

Popular On GunnersToday.com

FA Cup Final: Team News And Predicted Line-Ups

As the curtain is brought down on yet another season for this Arsenal...
1h ago from FreshArsenal.com

N5L… Arsenal boss reveals what it takes to be a...

Five-a-side football is a favourite for all of us football fans. Rather...

Arsenal 2014-15 Premier League Season Review

By Nayan Teja Yalavarthy Arsenal finished the 2013-14 season on a high...
3h ago from ArsenalFever.com

Wojciech Szczesny hits out at his own father for...

Wojciech Szczesny has been forced to discredit his own father on the eve...
3h ago from Telegraph.co.uk

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.