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...
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7mo ago from F1Pulse.com 0
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