F1 team boss Tony Fernandes insists Caterham Group is not for sale

Caterham Formula 1 boss Tony Fernandes has insisted the team's parent company is not for sale

F1 team boss Tony Fernandes insists Caterham Group is not for sale

Rumours surfaced in the Malaysian's home country that the Caterham Group had been put up for sale, amid the F1 squad's ongoing poor performance and following a pre-season threat from Fernandes that he would pull the plug on the outfit if it did not improve on track.

While the team did equal its best result in F1 in last weekend's Monaco Grand Prix with Marcus Ericsson finishing 11th, the rival Marussia outfit - which started in the sport in 2010, at the same time as Caterham - claimed its first points finish with Jules Bianchi's ninth place finish.

Caterham had previously been linked with a potential buyout from NASCAR team boss Gene Haas, but the American dismissed the rumours and reiterated his intent to build a US-based operation from scratch for his 2015 F1 entry.

A Caterham statement claimed that Group chairmen Fernandes and Datuk Kamarudin Meranun "remain wholly committed to the Caterham brand".

Fernandes added: "Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia [Fernandes's airline business].

"Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group.

"That is normal business. That does not mean we are selling."

shares
comments
Fabio Leimer has sights on Formula 1 drive after Pirelli Lotus test

Previous article

Fabio Leimer has sights on Formula 1 drive after Pirelli Lotus test

Next article

Formula 1's sponsorship challenges

Formula 1's sponsorship challenges
Load comments
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

Formula 1
Sep 17, 2021
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021
Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021
Italian Grand Prix Driver Ratings Plus

Italian Grand Prix Driver Ratings

Two drivers produced maximum-score performances as, for the second year in a row, Monza threw up an unpredictable result that left several others ruing what might have been

Formula 1
Sep 13, 2021