News Details

Fernandes sells Caterham F1 team

Tony Fernandes has finally cut his ties to the Caterham Formula One team after it was announced on Wednesday he had sold the struggling British-based outfit. The Malaysian businessman's decision came after enduring four-and-a-half years without a solitary Grand Prix point and a personal investment of some £250 million ($430 million) by Fernandes, the owner of both AirAsia and London football club Queens Park Rangers – who next season will return to play in the lucrative English Premier League. A Caterham statement said Fernandes had sold to a consortium of Swiss and Middle Eastern investors. The new owners are being advised by Colin Kollas, who has experience with several Formula One...
Full Story »
3w ago from SuperSport.com 0
Share

You May Also Be Interested In...

Fernandes has sold Caterham with immediate effect

New era for Caterham Caterham F1 Team have confirmed that Tony Fernandes...
3w ago from GrandPrix247.com

New owners at Caterham

Caterham confirmed on Wednesday that Tony Fernandes has sold the team to a...
3w ago from SkySports.com

Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his...
3w ago from Formula1.com

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
3w ago from TheF1Times.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.