News Details

Fernandes exits as Caterham confirm takeover

Caterham have confirmed that former team principal Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former HRT and Midland team principal Colin Kolles.Under the terms of the sale, the team will retain their name and will remain based at their current Leafield location ‘for the foreseeable future’.Former F1 driver Christijan Albers, who made 46 Grands Prix starts between 2005 and 2007 and drove under Kolles at Midland in 2006, will take over the day-to-day running of the squad with immediate effect, replacing Cyril Abiteboul, who will leave the team ‘to pursue new challenges’."We are aware of...
Full Story »
2y ago from Formula1.com 0
Share

You May Also Be Interested In...

Caterham confirms sale to consortium

Sutton Images Enlarge Caterham will continue to compete in Formula One...
2y ago from espnF1.com

Caterham F1 sale could be announced this week

Caterham Group owner Tony Fernandes is believed to have found a buyer for...
2y ago from TheF1Times.com

Tony Fernandes hints at Caterham sale

Caterham owner Tony Fernandes has dropped the biggest hint yet that he...
2y ago from RichlandF1.com

Caterham confirm sale with Albers taking charge

The Caterham F1 team has confirmed that owner Tony Fernandes has sold the...
2y ago from TheF1Times.com

Elsewhere On The Network

Popular On MGPToday.com

Hayden's funeral to take place on Monday

– Nicky Hayden's funeral will be held in his home town of...
13h ago from GPUpdate.net

Rossi taken to hospital after motocross crash

Rossi crashed while training on his motocrosser and was taken to Rimini...
2d ago from BikeSportNews.com

Rossi to continue his recovery at home

amaha rider Valentino Rossi has been discharged from hospital, following...
1d ago from GPUpdate.net

No further medical complications for Rossi

– Yamaha says Valentino Rossi is making "positive...
1d ago from GPUpdate.net

Popular On IndyCarToday.com

Oddsmakers betting on Alonso 500 win

The fans and media have been caught up in "Fernando Mania" all...
4h ago from Racer.com

Indy 500 video: Alonso steering wheel tour

Fernando Alonso's engineer Eric Bretzman takes you inside the cockpit of...
7h ago from Racer.com

Drivers, choose your milk...

When it comes to choosing which type of milk the winner of the...
8h ago from Racer.com

Castroneves leads Carb Day practice at Indianapolis

Helio Castroneves was quickest for Team Penske in the final practice...

Popular On TotalWRC.com

Sainz rolls back the years

Sainz rolls back the years Rallying legend Carlos Sainz turned back the...
1d ago from WRC.com

Lappi positive after Portugal points

Finn rounds off successful World Rally Car debut with Power Stage points
1d ago from WRC.com

Carlos Sainz drives Rally Portugal's Fafe stage with...

Two-time World Rally Champion Spaniard back at the wheel of a rally car on...

Paddon: Portugal brought the fun back

Kiwi takes positives from disappointing result
2d ago from WRC.com

Popular On GunnersToday.com

Wenger: I'm the right man for Arsenal

e Wenger reaffirms his loyalty to Arsenal after winning the FA Cup for the...
1h ago from ESPNFC.co.uk

Chelsea 'forgot' to wear black armbands in memory of...

Chelsea forgot to wear black armbands in memory of the victims of the...
3h ago from SportsMole.co.uk

Per Mertesacker magnificent in Arsenal FA Cup final...

Per Mertesacker 'magnificent' as Arsenal captain keeps Diego Costa at bay...
2h ago from DailyMail.co.uk

Premier League 2016-17 highs and lows: Our experts...

GETTY Chelsea won the Premier League this season TONY STENSON GAME OF THE...
3h ago from DailyStar.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.