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Caterham F1 Team sold to new consortium of owners - Tony Fernandes hands over the keys to his F1 dreams

Published by Christine

Caterham F1 Team sold to new consortium of owners
Credit: Sam Bloxham/LAT Photographic
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Tony Fernandes is no longer the owner of the Caterham F1 Team after he and his partners sold out to a consortium of unnamed Swiss and Middle Eastern investors. Former HRT team principal Colin Kolles is on board as an advisor for the new owners, but there is no more information about who they are. The team will continue to race under the Caterham F1 name and there are no plans to relocate from their Leafield base in the UK.

So far there has only been one major change in terms of team personnel, with Cyril Abiteboul stepping back from the team principal role in place of former F1 driver Christijan Albers. Abiteboul is said to be returning to Renault Sport, where he came from, whilst Albers brings with him experience of 46 races across three years in the sport. His final race was in 2007, after which he tried his hand at Le Mans, racing with the Kolles Racing team owned by the aforementioned Colin Kolles.

Albers has admitted being aware of the challenge the team are facing and states his aims as getting tenth place in the championship this year - a big ask at this point in the season.