News Details

Caterham sold but will continue in F1, Albers to run team

Beleaguered with over four and a half years of no success despite bleeding millions every season, Malaysian entrepreneur Tony Fernandes has sold his Caterham Formula One team to a consortium of Swiss and Middle Eastern investors and washed his hands from the sport. Having launched the team in 2010 as Lotus, Fernandes changed the name to Caterham in 2012 after a bitter dispute with the Enstone-based outfit which carried the same name. Caterham, in its two guises, remains the only team on the current that hasn’t scored a point in F1, and this year has been beaten consistently by immediate rivals Marussia, which scored its first points at the Monaco Grand Prix. The sale of the team was...
Full Story »
2y ago from F1Pulse.com 0
Share

You May Also Be Interested In...

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

Following days of speculation resulting from Tony Fernandes mysterious...
2y ago from Pitpass.com

New owners at Caterham

Caterham confirmed on Wednesday that Tony Fernandes has sold the team to a...
2y ago from SkySports.com

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to...
2y ago from GPUpdate.net

Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his...
2y ago from Formula1.com

Elsewhere On The Network

Popular On MGPToday.com

Lowes to stand in for Smith at Silverstone and Misano...

Lowes could race in the next two MotoGP races as he stands in for the...
10h ago from BikeSportNews.com

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
2d ago from BikeSportNews.com

Rossi enjoys new chassis

Following testing in Brno, Valentino Rossi is excited about the new Yamaha...
5d ago from SuperSport.com

Popular On IndyCarToday.com

VIDEO: Robin Miller with Graham Rahal at Texas

Graham Rahal visits with Robin Miller and The RACER Channel after his...
11h ago from Racer.com

Rahal denies Hinchcliffe in thrilling Texas finish

Graham Rahal secured his first victory of the season in a thrilling race...
16h ago from TheCheckeredFlag...

INDYCAR: Pagenaud kept cool - and points lead

It might have been the decision that ends up helping Simon Pagenaud earn...
11h ago from Racer.com

Texas 600: Top 10 quotes after race

Graham Rahal edges Hinchcliffe in 1-2 finish for Honda in Texas P. N°...
12h ago from Motorsport.com

Popular On TotalWRC.com

Wrc.com video playlist: Germany

Our selection of must-see clips from round nine
11h ago from WRC.com

Red Bull Global Rallycross season resumes in Atlantic...

Two new entries join the Supercar grid to produce a season-high of 13...
1d ago from Motorsport.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
4d ago from WRC.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
2d ago from WRC.com

Popular On GunnersToday.com

Granit Xhaka allows Arsenal attackers to express...

Granit Xhaka made his first Arsenal start last week against Leicester....
1h ago from ESPNFC.co.uk

Slaven Bilic may have saved Sergio Aguero from...

Slaven Bilic may have saved Sergio Aguero from retrospective action and...
6h ago from DailyMail.co.uk

Arsene Wenger hails Arsenal's new signing: He reminds...

GETTY STAR MAN: Wenger hailed Xhaka So, a win was a must. That combined...
5h ago from DailyStar.co.uk

Shkodran Mustafi reveals length of Arsenal contract

Incoming Arsenal defender Shkodran Mustafi has confirmed that he will...
6h ago from SportsMole.co.uk

Comments

Hottest News

Teams and drivers ‘worried' about Verstappen's...

Key Formula One personnel have slammed 18-year... Read More »
10h ago from F1Hub.net

Raikkonen: "Something is not correct” with...

Verstappen came under fire from Raikkonen for... Read More »
13h ago from Motorsport.com

I'd rather drive them off the track - Verstappen

Max Verstappen has again received criticism for... Read More »
11h ago from F1Technical.net

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.