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

DUBERRY COLUMN: Twelve highlights of my time

Oxford Mail:

3:00pm Wednesday 24th December 2014

Seasonal greetings to you all. The supermarkets put the mince pies out in October, but we still seem to moan that Christmas has crept up on us.

Oxford United allow Tyrone Marsh to join Ebbsfleet

Oxford Mail: oxford united logo 1200pix

2:41pm Wednesday 24th December 2014

TYRONE Marsh has signed for Ebbsfleet United after being released from his contract at Oxford United.

Holmes-Dennis's loan deal with Oxford United extended until end of the season

Oxford Mail:

9:00am Wednesday 24th December 2014

Oxford United have received an early Christmas present after securing Tareiq Holmes-Dennis on loan for the rest of the season.

FOOTBALL: Appleton's aiming to finish year on a high with victory over Shrewsbury

Oxford Mail:

9:00am Wednesday 24th December 2014

Michael Appleton has challenged his players to show their class this week against two sides the Oxford United head coach believes will go on to claim automatic promotion, writes David Pritchard.

LONDON WELSH: Trevett - we cannot afford to lose against Irish

Oxford Mail:

8:40am Wednesday 24th December 2014

PROP Nathan Trevett believes that London Welsh’s Boxing Day clash with London Irish at the Madejski Stadium is their biggest of the season, writes MATTHEW BRUCE.

FOOTBALL: Merritt calls for more as Oxford City hunt sixth straight win

Oxford Mail:

8:00am Wednesday 24th December 2014

OXFORD City general manager Justin Merritt has urged his players to improve, despite winning five successive matches, writes MATTHEW BRUCE.

WOMEN'S FOOTBALL: Oxford United extend deals for pair

Oxford Mail:

7:50am Wednesday 24th December 2014

OXFORD United Women’s squad for the 2015 season has started to take shape after extending the contracts of two important players.

YOUTH FOOTBALL: Casuals hit the spot in a sudden-death thriller

Oxford Mail:

7:00am Wednesday 24th December 2014

Didcot Casuals Blue are through to the Oxford Mail Youth Under 12 League KO Cup semi-finals after winning on penalties against Grove Challengers Black.

ATHLETICS: Dazzling O'Dowda posts title repeat

Oxford Mail:

7:00am Wednesday 24th December 2014

Oxford City’s Jade O’Dowda struck gold for the second successive year at the South of England AA Combined Events Championships at Lee Valley.

ICE HOCKEY: Elliott and Oliver ejected as scrapping Stars crash

Oxford Mail:

7:00am Wednesday 24th December 2014

Oxford City Stars slid to a 6-4 defeat in a bad-tempered South Division 1 game at home to Solent Devils.

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