News Details

Official: Caterham sold to Swiss and Middle Eastern investors

Following days of speculation resulting from Tony Fernandes mysterious tweet last Friday, Caterham has this afternoon issued the following statement.:'Caterham F1 Team is pleased to confirm that Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles. Under the terms of the sale, the team will continue to race as Caterham F1 Team and will remain based at Leafield for the foreseeable future.The new ownership takes charge with immediate effect. Former F1 driver, Christijan Albers, assisted by Manfredi Ravetto, will take over the day-to-day running of the team, reporting directly to the board...
Full Story »
11y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Caterham confirms new management structure

Caterham F1 Team Caterham has confirmed that Tony Fernandes and his...
11y ago from F1Zone.net

Tony Fernandes hints at Caterham sale

Caterham owner Tony Fernandes has dropped the biggest hint yet that he...
11y ago from RichlandF1.com

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
11y ago from TheF1Times.com

Fernandes closes on Caterham F1 sale

The future of the Caterham F1 team is expected to become clearer this...
11y ago from SpeedCafe.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta praises KTM’s ‘really nice job’...

Pedro Acosta has praised KTM’s off-season development for helping him...

Popular On IndyCarToday.com

Watch: Mick Schumacher taken out on opening lap of...

Fans of Mick Schumacher could switch off early after his IndyCar debut at...

Christian Lundgaard ‘annoyed’ at being stuck...

Arrow McLaren driver Christian Lundgaard had a solid result in the first...

Popular On TotalWRC.com

Popular On GunnersToday.com

After scoring goal in win over Chelsea, Jurrien Timber...

Jurrien Timber has said that Arsenal cannot afford to make costly mistakes...
3h ago from SportsKeeda.com

Brighton & Hove Albion vs Arsenal Prediction and...

Brighton & Hove Albion will host Arsenal at the American Express Stadium...
2h ago from SportsKeeda.com

'We can't have the championship decided on corner...

Manchester United legend Peter Schmeichel has called for Premier League...
5h ago from SportsKeeda.com

Paul Merson predicts Brighton vs Arsenal, Aston Villa...

Every week it just gets better for Arsenal in the Premier League! There...
6h ago from SportsKeeda.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.