Caterham announce new owners

Queens Park Rangers' Malaysian chairman Tony Fernandes taken on December 15, 2012
© Getty Images
Caterham confirm that owner Tony Fernandes has sold the Formula 1 team to a consortium of Swiss and Middle Eastern investors.

Caterham have announced that owner Tony Fernandes has sold the Formula 1 team to a consortium of Swiss and Middle Eastern investors.

Fernandes claimed at the start of the season that he would sever his ties with the team unless they improved on the track.

However, a poor campaign so far in 2014 has seen the Malaysian businessman leave the Oxfordshire-based outfit.

The new ownership structure will take charge with immediate effect.

"Under the terms of the sale, the team will continue to race as Caterham F1 Team and will remain based at Leafield for the foreseeable future," read an official statement.

The Formula 1 season continues this weekend with the British Grand Prix.

Queens Park Rangers' Malaysian chairman Tony Fernandes taken on December 15, 2012
Read Next:
Fernandes eyes "four or five" signings
>
You May Like
Recomended from Sports Mole



TeamPoints
1Mercedes357
2Ferrari318
3Red Bull184
4Force India101
5Williams-Mercedes41
6Toro Rosso39
7Haas29
8Renault26
9McLaren11
10Sauber5
DriversTeamPoints
1Sebastian VettelFerrari202
2Lewis HamiltonMercedes188
3Valtteri BottasMercedes169
4Daniel RicciardoRed Bull117
5Kimi RaikkonenFerrari116
6Max VerstappenRed Bull67
7Sergio PerezForce India56
8Esteban OconForce India45
9Carlos SainzToro Rosso35
10Nico HulkenbergRenault26
11Felipe MassaWilliams-Mercedes23
12Lance StrollWilliams-Mercedes18
13Romain GrosjeanHaas18
14Kevin MagnussenHaas11
15Fernando AlonsoMcLaren10
16Pascal WehrleinSauber5
17Daniil KvyatToro Rosso4
18Stoffel VandoorneMcLaren1
19Marcus EricssonSauber0
20Jolyon PalmerRenault0
21Antonio GiovinazziSauber0
22Jenson ButtonMcLaren0
23Paul di RestaWilliams-Mercedes0