Caterham sold to “a consortium of Swiss and Middle Eastern investors“

Caterham confirms team sale.

Tony Fernandes and his partners have sold the Caterham F1 Team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles, it has been confirmed.

As reported on earlier today, ex-Formula 1 driver Christijan Albers will take over the day-to-day running of the outfit, reporting directly to the board and replacing outgoing Team Principal Cyril Abiteboul, who will leave the team ‘to pursue new challenges’.

Albers will be assisted by Manfredi Ravetto with the new owners taking charge with immediate effect.

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