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Report: Caterham put up for sale by Fernandes

The Caterham Group has reportedly been put up for sale by owner Tony Fernandes after the team has so far failed to show improvement in the opening five races of the season. At the launch of their 2014 driver line-up of Kamui Kobayashi and Marcus Ericsson, Fernandes gave the team an ultimatum. "If we're at the back I don't think I'm going to carry on," he said. "Nothing is set in stone but after five years with no points there is a limit to one's patience, money, motivation, etc, so it's an important year." Currently the team are last in the standings behind long-term rival Marussia - both of which remain somewhere between three and four seconds off the leading teams. The...
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3y ago from TheF1Times.com 0
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