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

Draw leaves Michael Appleton nonplussed

Oxford Mail:

1:00pm Monday 22nd December 2014

Michael Appleton thinks only time will tell if Oxford United’s 1-1 draw at Hartlepool United was a good point or a missed opportunity.

Oxford United fans' chat

Oxford Mail:

11:58am Monday 22nd December 2014

Have your say on the main talking points at Oxford United in our 60-minute interactive discussion for supporters.

VIDEO: Highlights from Oxford United's draw at Hartlepool United

Oxford Mail:

11:00am Monday 22nd December 2014

OXFORD United came from behind to draw 1-1 at Hartlepool United on Saturday.

Jake Wright says a point was all Oxford United deserved

Oxford Mail:

9:00am Monday 22nd December 2014

Jake Wright admitted a point was all Oxford United’s performance deserved as they took almost an hour to find their feet against basement side Hartlepool United.

FOOTBALL Didcot denied victory by ten-man visitors

Oxford Mail: Luke Carnell heads Abingdon United ahead during their shock 2-1 win against Sholing

8:00am Monday 22nd December 2014

Didcot Town extended their unbeaten run in Evo-Stik Southern League Division 1 South & West to 14 matches, but only after coming back two goals down at home to draw 2-2 with ten-man Bridgwater on Saturday.

FOOTBALL: Brave Banbury thwarted by late goal

Oxford Mail: football generic

8:00am Monday 22nd December 2014

Basement club Banbury gave Evo-Stik Southern League Premier Division high-fliers Chesham a big fright before having to settle for a 1-1 draw.

Cook and McNish double up as North Leigh rout Wantage Town

Oxford Mail:

8:00am Monday 22nd December 2014

Jamie Cook and Callum McNish both scored twice as free-scoring North Leigh added to Wantage’s recent misery with a convincing 5-0 victory in Saturday’s Evo-Stik Southern League Division 1 South & West derby at Alfredian Park.

RACING: Bradstock praises Flintham

Oxford Mail:

8:00am Monday 22nd December 2014

Mark Bradstock believes Ascot winner Flintham could be even better than his illustrious relatives Carruthers and Coneygree.

Danny Rose urges Oxford United to tighten up defence

Oxford Mail:

8:00am Monday 22nd December 2014

Danny Rose says Oxford United need to kick the habit of conceding the first goal in games after they again had to come from behind, drawing 1-1 at Hartlepool United.

RESULTS: December 20-21

7:50am Monday 22nd December 2014

Oxford Mail: Ox Mail senior football wob

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