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

Oxford United skipper Jake Wright hails Tareiq Holmes-Dennis debut

Oxford Mail:

8:20am Monday 20th October 2014

JAKE Wright praised the performance of debutant Tareiq Holmes-Dennis in Oxford United’s win over Tranmere Rovers.

London Welsh lose 28-18 at Lyon

Oxford Mail: London Welsh are staying at the Kassam

7:30am Monday 20th October 2014

LONDON Welsh’s search for a first win of the season goes on despite a much-improved showing in their European Rugby Challenge Cup clash in France.

FOOTBALL: Wantage rocked as boss quits

Oxford Mail:

7:20am Monday 20th October 2014

Wantage Town are looking for a new boss after Gary Acking resigned as manager of the the Southern League side.

FOOTBALL: Shot-shy Banbury are well beaten at Chippenham

Oxford Mail: football generic

7:00am Monday 20th October 2014

Banbury United slipped to their second Evo-Stik Southern League Premier League defeat in a row following Saturday’s 3-0 drubbing at Chippenham Town.

FOOTBALL: Millers' first-half show makes the difference

Oxford Mail: Morgan Williams netted a double in North Leigh's 7-0 win at Guildford City

7:00am Monday 20th October 2014

North Leigh set up an FA Carlsberg first-qualifying round trip to Poole Town after an impressive display in a 2-1 win at Yate Town on Saturday.

FOOTBALL: Deadly Mills does it again

Oxford Mail:

7:00am Monday 20th October 2014

John Mills scored a five-minute double as Didcot booked a trip to Bideford with victory at Loop Meadow Stadium in Saturday’s preliminary round clash.

FOOTBALL: Ingram's super double puts seal on Ardley recovery

Oxford Mail:

7:00am Monday 20th October 2014

Luke Ingram bagged a brace as Ardley United won 2-1 at Cheltenham Saracens in the first round of the Bluefin Sports Challenge Cup.

FOOTBALL: We're still a work in progress, says City boss

Oxford Mail:

7:00am Monday 20th October 2014

Oxford City general manager Justin Merritt admitted his side are still not the finished product, following their 2-1 defeat at Lowestoft Town.

FOOTBALL: City are made to pay for sloppy show

Oxford Mail:

7:00am Monday 20th October 2014

Oxford City let slip a 1-0 lead and had a man sent off as they went down to a 2-1 defeat at Lowestoft Town in Vanarama Conference North on Saturday.

No player's position is safe, says Oxford United boss Michael Appleton

Oxford Mail:

6:30am Monday 20th October 2014

MICHAEL Appleton said his selection on Saturday should alert Oxford United’s players that they have to perform or face being dropped.

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