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…
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