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: Nine-try Oxfordshire punish Berkshire in County Championship Shield opener

Oxford Mail:

7:00am Tuesday 5th May 2015

OXFORDSHIRE kick-started their County Championship Shield campaign with a commanding 59-27 win over Berkshire at Chipping Norton on Saturday.

GOLF: Tadmarton Heath duo one step from Glenagles trip

Oxford Mail: golf generic

7:00am Tuesday 5th May 2015

TADMARTON Heath pair Andy Greig and John Stubbs are one step away from reaching the Lombard Trophy final at Gleneagles.

RUGBY LEAGUE: Spirited Oxford suffer defeat at in-form Newcastle Thunder

Oxford Mail: rugby generic

6:30am Tuesday 5th May 2015

OXFORD Rugby League were condemned to their third loss of the season as they went down to a battling 36-20 defeat at high-flying Newcastle Thunder in Kingstone Press League 1.

Oxford United boss Michael Appleton says the season finished too early

Oxford Mail:

12:20pm Monday 4th May 2015

Michael Appleton wished the end of the season was still a month away after Oxford United continued their strong form with a 1-0 win at Newport County.

Teenager Sam Humphreys so happy to make his U's debut

Oxford Mail:

12:10pm Monday 4th May 2015

Sam Humphreys was thrilled to finally make his senior debut for Oxford United, 12 years after joining the club.

Oxford United fans' chat

Oxford Mail:

12:00pm Monday 4th May 2015

Have your say on the main talking points at Oxford United in our final 60-minute interactive discussion of the season.

Oxford United stalwart Andy Whing hints at retirement

Oxford Mail:

11:50am Monday 4th May 2015

Andy Whing is contemplating hanging up his boots this summer, but the popular midfielder is in talks about staying at Oxford United in another role.

RUGBY UNION: Matt Corker signs new deal with London Welsh

Oxford Mail:

11:39am Monday 4th May 2015

CLUB captain Matt Corker will embark on a ninth season with London Welsh after signing a new deal with the Exiles.

CRICKET: Karl Penhale to the fore as Oxfordshire defy downpour to brush Bucks aside

Oxford Mail:

7:20am Monday 4th May 2015

OXFORDSHIRE cruised to their second commanding Group 4 victory when they beat Bucks by eight wickets in a weather-affected game at Wormsley yesterday, writes MICHAEL KNOX.

WEEKEND RESULTS: May 2-3

Oxford Mail: football generic

6:10am Monday 4th May 2015

Oxford Mail: Ox Mail senior football wob

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