Sidepodcast // All for F1 and F1 for all

F1Minute // Bitesize Formula One news

Tony Fernandes confirms Caterham is not for sale // Quashing Monaco rumours that the end is nigh for the Leafield team

Published by Christine

Tony Fernandes confirms Caterham is not for sale
Credit: Steven Tee/LAT Photographic
Tony Fernandes confirms Caterham is not for sale audio waveform
00:01:00
Slow

Rumours were building over the Monaco weekend that Tony Fernandes had finally gotten frustrated with the lack of performance of the Caterham team and was actively looking for a buyer to purchase the Leafield outfit. Now, the Caterham Group have put out a statement hotly denying any such thing, but admitting they are looking for further investment to try and help improve their situation.

Team boss Fernandes says: “The Caterham Group is not for sale. We love what we build and we are always looking for further investment. 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.”

Of course, the situation wasn’t helped by Marussia securing their first point in F1 this weekend, before Caterham managed to do so. And, just because they’re not for sale now, the team are still under the threat of Fernandes’ pre-season ultimatum that, quote: “If we’re at the back, I don’t think I’m going to carry on.”