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 »
11y 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...
11y ago from F1Zone.net

Caterham boss Fernandes admits 'F1 hasn't worked'

Caterham owner Tony Fernandes has once again reignited speculation that he...
11y 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...
11y ago from GrandPrix247.com

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

Following days of speculation resulting from Tony Fernandes mysterious...
11y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Scott McLaughlin quickest over Kyle Kirkwood in...

The NTT IndyCar Series tackled the 2.38-mile Barber Motorsports Park on...

ECR brings on Hunter McElrea as reserve IndyCar driver

Ed Carpenter Racing has announced that Hunter McElrea will be the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal preparing 35 million summer bid to sign...

Arsenal are interested in signing Real Madrid winger Brahim Diaz in the...
5h ago from SportsKeeda.com

'That would worry me a bit' - Jamie Carragher sheds...

Jamie Carragher believes Arsenal's lack of 'special players' will hurt...
7h ago from SportsKeeda.com

Sandro Tonali delivers response following claims of...

Newcastle United midfielder Sandro Tonali did his talking on the pitch...
8h ago from CaughtOffside.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.