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 »
8mo 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...
8mo ago from Pitpass.com

New owners at Caterham

Caterham confirmed on Wednesday that Tony Fernandes has sold the team to a...
8mo ago from SkySports.com

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to...
8mo ago from GPUpdate.net

Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his...
8mo ago from Formula1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Michelin: Elbow style to stay in 2016

MotoGP riders will continue dragging their elbows through corners,...
4h ago from Crash.net

Misano resurfaced ahead of 2015 MotoGP

The Misano circuit, home of the San Marino MotoGP, is being completely...
3h ago from Crash.net

Rossi: New Ducati fast , tyre rule unfair

After witnessing the new GP15's initial laps at last week's Sepang MotoGP...
1d ago from Crash.net

Petrucci continues to impress Pramac

New signing Danilo Petrucci continued to impress the Pramac Ducati team...
1h ago from Crash.net

Popular On IndyCarToday.com

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
13h ago from Racer.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
1d ago from Motorsport.com

IndyCar vs. action motorsports – a retraction

RACER.com has removed a story that appeared yesterday (Friday 02/27)...
1d ago from Racer.com

Popular On TotalWRC.com

Slow starters could clean up in Mexico

Mexico is the first of a run of six loose-surface rallies, and the first...
18h ago from WRC.com

Hyundai Motorsport runs upgraded engine in Mexico

Hyundai Motorsport has brought its upgraded engine with a new fuel...
20h ago from Crash.net

Kiwi upbeat ahead of Mexico debut

The Kiwi completed the recce at Rally Guanajuato Mexico (5 - 8 March)...
19h ago from WRC.com

Paddon fully focused for Rally Mexico

Hayden Paddon says he is focusing on his best performance on unfamiliar...
1d ago from Crash.net

Popular On GunnersToday.com

(Image) Kanye West Sends Brooklyn Beckham Free Pair Of...

Jammy Beckham Jr gets a free pair of kicks. Brooklyn Beckham may have...
1h ago from CaughtOffside.com

Arsenal boss targeting automatic Champions League...

Arsenal boss Arsene Wenger has set his target for the remainder of the...

Wenger sets target for Gunners

Arsene Wenger has set his Arsenal side the target of winning seven of...
4h ago from Football.co.uk

Valencia Determined To Keep Hold Of Arsenal Target...

Reports are out claiming that Valencia president Amadeo Salva is...
8h ago from Nastytackle.com

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.