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 »
1y 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...
1y ago from Pitpass.com

New owners at Caterham

Caterham confirmed on Wednesday that Tony Fernandes has sold the team to a...
1y ago from SkySports.com

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to...
1y ago from GPUpdate.net

Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his...
1y ago from Formula1.com

Elsewhere On The Network

Popular On MGPToday.com

Stoner makes Ducati MotoGP test return at Misano

Casey Stoner will take part in his third MotoGP test of the season for...
23h ago from Motorsport.com

‘My fate was sealed after Iannone signing’

Aleix Espargaro has revealed that he knew his time with Suzuki was up...
18h ago from SuperSport.com

MotoGP: Sam Lowes makes Aprilia debut

Moto2 championship contender Sam Lowes has made his debut on the Aprilia...
14h ago from MotorcycleNews.c...

Moto3: Who the hell is Francesco Bagnaia?

Only days before his incredible debut Moto3 win at Assen, MCN caught up...
18h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

Penske and Andretti lead tributes to Chip Ganassi

Roger Penske, Mario Andretti and Jeff Gordon are among the list of stars...
9h ago from Motorsport.com

Will Power converts pole to Road America win

Will Power has prevailed in a thrilling finish with victory in the Kohler...
3h ago from SpeedCafe.com

Newgarden will “definitely race Iowa” despite...

JR Hildebrand stood in for him at today’s Iowa Speedway test, but Josef...
3h ago from Motorsport.com

INDYCAR: Gold Coast group tries for return

IndyCar could make its long-hoped-for return to Surfers Paradise –...
13h ago from Racer.com

Popular On TotalWRC.com

#Yprexit?

This one certainly came out of left field. In a twist that no one saw...

Poland countdown: recce notes

Advertising Sometimes referred to as Rally Finland without the jumps,...
17h ago from WRC.com

Breen versus Lefebvre

Advertising Both have the chance to impress team boss Yves Matton at PZM...
19h ago from WRC.com

WRC 2 titans collide in Poland

Title contenders come together for gravel speedfest
17h ago from WRC.com

Popular On GunnersToday.com

Henry £80m, Bergkamp £60m... How much would Arsenal...

ODAY’S transfer market is a very different place to that of years gone...
3h ago from DailyStar.co.uk

Arsenal News: Chiefs to open talks over new deal for...

GETTY Arsene Wenger is in the final year of his Arsenal contract Express...
3h ago from Express.co.uk

Arsenal, Chelsea and Southampton to hold talks with...

GETTY WANTED: Lille star Sofiane Boufal According to Guardian journalist...
22h ago from DailyStar.co.uk

Japan international confirms Gunners offer

Japanese striker Takuma Asano has confirmed that Arsenal have approached...
12h ago from News.ArseBlog.com

Comments

Hottest News

A pretty cool birthday present!

Nico Rosberg, who celebrated his 31st birthday on... Read More »
16h ago from F1i.com

Who's the greatest F1 champion of all time?

Hunt, Lauda, Hamilton, Schumacher...there have... Read More »
13h ago from Crash.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.