Tony Fernandes has denied he is selling Caterham, admitting instead that he is seeking new "investment" in the struggling backmarker team. "Despite press rumours to the contrary, Caterham Group is not for sale," the company said in a media statement. "It is, however, true that the group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop," it added. Fernandes, who has not attended a grand prix in 2014, "remains wholly committed" to Caterham, the statement insisted. "We love what we build," the Malaysian entrepreneur is quoted as saying, "and we are always looking for further investment....
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