Caterham does a deal that’s almost too funny to be true

Hande's Blog

Christijan Albers in his orange Spyker gedup. Christijan Albers in his orange Spyker gedup.

Tony Fernandes has sold his F1 team, Caterham. The deal happened just before the British Grand Prix this weekend. The team will apparently keep its name and drivers for now and the changes to the team, at this time, have been mostly managerial.

The team was previously owned by Fernandes’s AirAsia company but the team is now under the ownership of a group of Middle-Eastern and Swiss investors. The team may retain its name as Fernandes is looking to also sell his Caterham team currently competing in GP2 (the feeder division of F1). One of the key people who apparently advised with the deal was former Hispania Racing Team principal Colin Kolles. Kolles though apparently has no real managerial position within the team.

The team principal Cyril Abiteboul though is on his way out the door and his replacement is almost too ridiculous to…

View original post 156 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s