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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...
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