News Details

Fernandes sells Caterham F1 Team

– Tony Fernandes and his partners have sold the Caterham F1 Team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles, it has been confirmed.As reported on GPUpdate.net earlier today, ex-Formula 1 driver Christijan Albers will take over the day-to-day running of the outfit, reporting directly to the board and replacing outgoing Team Principal Cyril Abiteboul, who will leave the team 'to pursue new challenges'.Albers will be assisted by Manfredi Ravetto with the new owners taking charge with immediate effect."We are aware of the huge challenge ahead of us given the fight at the bottom end of the Championship and our target now is...
Full Story »
3y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Caterham confirms new management structure

Caterham F1 Team Caterham has confirmed that Tony Fernandes and his...
3y ago from F1Zone.net

Caterham boss Fernandes admits 'F1 hasn't worked'

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

Kolles returning to F1 as Caterham saviour?

Colin Kolles was part of the short-lived HRT F1 project Former HRT and...
3y ago from GrandPrix247.com

Official: Caterham sold to Swiss and Middle Eastern...

Following days of speculation resulting from Tony Fernandes mysterious...
3y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP Australia: ‘Iannone arrive like crazy’...

Rossi brands Iannone's hairpin pass at Phillip Island's MotoGP round as...
7h ago from BikeSportNews.com

MotoGP Australia: Marquez puts hand on title in Aussie...

Marquez wins six-man MotoGP battle at Phillip Island as Dovizioso slumps...
11h ago from BikeSportNews.com

Marc Marquez extends title lead with stunning Phillip...

Honda's Marc Marquez claimed a sixth win of the season and extended...

MotoGP Australia: Marquez takes pole, disaster for Dovi

Marquez almost cruises to MotoGP pole at Phillip Island while title rival...
1d ago from BikeSportNews.com

Popular On IndyCarToday.com

Miles reiterates IndyCar commitment to aeroscreen

Verizon IndyCar Series CEO Mark Miles met with a group of reporters at...
21h ago from Racer.com

Tracy on SPM's new 'Team Canada'

The last Canadian to win an IndyCar championship did so carrying the...
2d ago from Racer.com

Miles confirms Verizon departure as title sponsor...

The Verizon IndyCar Series will carry a different name after the 2018...
1d ago from Racer.com

Penske confirms ongoing partnership with Verizon

Roger Penske is sorry to see the upcoming split between Verizon and...
1d ago from Racer.com

Popular On TotalWRC.com

Wilson's Tänak tribute

M-Sport boss says goodbye 'with a heavy heart'
4d ago from WRC.com

Ott Tanak joins Toyota for 2018 WRC campaign

Ott Tanak will switch from M-Sport to Toyota for 2018, completing the...

Podcast: Rally GB braced for Brian

Podcast: Rally GB braced for Brian Organisers of Dayinsure Wales Rally GB...
1d ago from WRC.com

Tänak joins Toyota

Tänak joins Toyota Ott Tänak will join Toyota Gazoo Racing next season....
4d ago from WRC.com

Popular On GunnersToday.com

Who was our best player at Everton?

We won away in the Premier League for the first time this season,...
1h ago from Arsenal.com

Twitter reacts after Arsenal thrash Everton 5-2 to...

A Super Sunday clash at Goodison Park lived up to its expectations for...
2h ago from SportsKeeda.com

Everton 2-5 Arsenal: How it happened

WHAT HAPPENED We picked up our first away win of the Premier League...
2h ago from Arsenal.com

Ramsey tacks on a fourth for Arsenal

sh Premier League: Aaron Ramsey (90') Everton 1-4 Arsenal
2h ago from ESPNFC.co.uk

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.