News Details
Fernandes sells Caterham F1 team
Tony Fernandes has finally cut his ties to the Caterham Formula One team after it was announced on Wednesday he had sold the struggling British-based outfit. The Malaysian businessman's decision came after enduring four-and-a-half years without a solitary Grand Prix point and a personal investment of some £250 million ($430 million) by Fernandes, the owner of both AirAsia and London football club Queens Park Rangers – who next season will return to play in the lucrative English Premier League. A Caterham statement said Fernandes had sold to a consortium of Swiss and Middle Eastern investors. The new owners are being advised by Colin Kollas, who has experience with several Formula One...
Full Story »
Full Story »
9y ago from SuperSport.com
0
You May Also Be Interested In...
Fernandes has sold Caterham with immediate effect
New era for Caterham
Caterham F1 Team have confirmed that Tony Fernandes...
9y ago from GrandPrix247.com
New owners at Caterham
Caterham confirmed on Wednesday that Tony Fernandes has sold the team to a...
9y ago from SkySports.com
Fernandes exits as Caterham confirm takeover
Caterham have confirmed that former team principal Tony Fernandes and his...
9y ago from Formula1.com
Caterham boss Fernandes admits 'F1 hasn't worked'
Caterham owner Tony Fernandes has once again reignited speculation that he...
9y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
2h ago from Motorsport.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
2h ago from Motorsport.com
Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...
Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...
3h ago from MotorsportWeek.c...
Yamaha to bring brand new MotoGP bike at Jerez test
Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...
36m ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
11h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
11h ago from Motorsport.com
Full-time IndyCar move “an option” says supersub...
No description available...
14h ago from Motorsport.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
23h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Spurs v Arsenal has extra edge but derby mentality may...
el Arteta’s side are chasing the title but Ange Postecoglou wants a...
1h ago from TheGuardian.com
'Mesmerising at the moment' - Gary Neville feels...
No description available...
1h ago from SportsKeeda.com
'It looks a bit crass' - Mesut Ozil trying to emulate...
No description available...
6h ago from SportsKeeda.com
Chelsea superstar ruled out of rest of 2023-24...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Audi agree LONG-TERM F1 deal with star driver
Audi have agreed a long-term deal for the first... Read More »
6h ago from GPFans.com
Rosberg reveals financial toll of rivalry with Hamilton
Nico Rosberg recently shed light on an intriguing... Read More »
3h ago from F1i.com
Croft: 'I think Horner's hostility towards Wolff comes from...
Christian Horner and Toto Wolff will never be... Read More »
3h ago from GPBlog.com
