MOTORSPORT: Fernandes sells Caterham

MOTORSPORT: Fernandes sells Caterham

MOTORSPORT: Fernandes sells Caterham

First published in Sport

Tony Fernandes and his partners have sold the Oxfordshire-based Caterham F1 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 basedat Leafield for the foreseeable future.

The new ownership takes charge with immediate effect. Former Dutch F1 driver, Christijan Albers, assisted by Manfredi Ravetto, will take over the day-to-day running of the team, reporting directly to the boardand replacing Cyril Abiteboul who will leave the team to pursue new challenges.

Christijan Albers:"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 to aim for tenth place in the 2014 Championship.

"We are very committed to the future of the team and we will ensure that the team has the necessary resources to develop and grow and achieve everything it is capable of.”

Latest Sport news

RUGBY UNION: Welsh 'mauled' by Tigers

Oxford Mail:

5:20pm Sunday 23rd November 2014

AVIVA PREMIERSHIP

MOTORSPORT: Williams bag double podium

Oxford Mail: Felipe Massa will be appearing at Goodwood Festival of Speed today

3:05pm Sunday 23rd November 2014

Felipe Massa and Valtteri Bottas gave the Grove-based Williams team their first double podium since 2005 by finishing second and third to newly-crowned world champion Lewis Hamilton in the Abu Dhabi Grand Prix.

RUGBY UNION: London Welsh v Leicester

Oxford Mail: London Welsh are staying at the Kassam

2:40pm Sunday 23rd November 2014

Live updates from the Kassam Stadium where London Welsh are taking on Leicester Tigers

Who was Oxford United's man of the match against Wimbledon?

Oxford Mail: oxford united logo 1200pix

5:50pm Saturday 22nd November 2014

Oxford Utd 0, AFC Wimbledon 0

Oxford Mail: oxford united logo 1200pix

4:56pm Saturday 22nd November 2014

OXFORD United's winning run against AFC Wimbledon came to an end as they played out a goalless draw at the Kassam Stadium.

Oxford Utd v AFC Wimbledon - Updates

Oxford Mail: oxford united logo 1200pix

2:00pm Saturday 22nd November 2014

All the latest news from Oxford United's home game against AFC Wimbledon in Sky Bet League Two.

What's in our interactive back page of the Oxford Mail today?

Oxford Mail:

1:02pm Saturday 22nd November 2014

Getting ready for a sporty weekend? Explore our interactive back page, with links to the stories and the latest headlines

Brainpower is the key for Oxford United says head coach Michael Appleton

Oxford Mail:

9:30am Saturday 22nd November 2014

Michael Appleton says Oxford United will need to be intelligent if they are to keep heavyweight striker Adebayo Akinfenwa quiet for AFC Wimbledon today.

RUGBY UNION: Kear fulfils dream with move to London Welsh

Oxford Mail:

8:30am Saturday 22nd November 2014

Elliott Kear says he has achieved a long-held ambition by switching codes to sign for London Welsh yesterday.

FOOTBALL: Oxford City's new signing Mamadou Fofana could make his debut at Stalybridge

Oxford Mail:

8:00am Saturday 22nd November 2014

Oxford City could give a debut to former Lincoln City midfielder Mamadou Fofana at Stalybridge Celtic for today’s Vanarama Conference North clash.

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree