News Details

Fernandes: Caterham Group is not for sale

Tony Fernandes Caterham owner Tony Fernandes denied on Tuesday that his group of companies, which includes the struggling Formula One team, was up for sale but said it was seeking new investment. Reports in Malaysia at the weekend had said the AirAsia budget airline boss was seeking to sell the British-based team and sportscar company and an information memorandum was being circulated in the Middle East. 'Caterham Group is not for sale,' Fernandes said in a statement. 'We love what we build and we are always looking for further investment. This is no different to how we started AirAsia.' 'Yes, we are constantly challenging ourselves and making decisions on everything from the structure to...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Fernandes to put Caterham group – including F1...

Tony Fernandes will sell the Caterham automotive group, including the...
9y ago from RichlandF1.com

Fernandes insists Caterham Group not for sale

The Caterham Group is not for sale according to a statement from the...
9y ago from TheF1Times.com

Caterham team not for sale

LONDON, May 27, 2014 (AFP) - Flamboyant Malaysian millionaire...
9y ago from F1Plus.com

Fernandes: Caterham Group is not for sale

– Tony Fernandes has confirmed he is not looking to sell the...
9y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...

Popular On GunnersToday.com

Aston Villa line up summer move for £60m Chelsea flop

Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
2h ago from CaughtOffside.com

Mikel Arteta says it is 'too soon' for £38m defender...

Arsenal manager Mikel Arteta has provided an injury update on summer...
3h ago from CaughtOffside.com

Christian Falk's Fact Files – Bayern's fire sale...

This article was originally published on Fabrizio Romano’s Daily...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


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.