The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle Eastern investors advised by former Hispania Racing team principal Colin Kolles.
Reports suggesting owner Tony Fernandes was angling to sell the team have been circulating for several weeks with a statement issued by the outfit confirming the sale.
The team’s new owners will take over with immediate effect.
Former Minardi and Midland racer Christijan Albers will run the team with assistance from former Hispania employee Manfredi Ravetto. The pair will replace team principal Cyril Abiteboul.
The squad have also confirmed it remain at their Leafield base and will continue to be known as Caterham F1.
'We are aware...
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