Tony Fernandes’ already bad 2014 turned black at the weekend. This year, the Malaysian entrepreneur sold his ailing backmarker F1 team Caterham, his London football club Queens Park Rangers has ...
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Forza Rossa project still alive after Caterham collapse
With Caterham now in administration, the backmarker’s former management may be returning its focus to the Forza Rossa project. Before the mysterious investment group bought Caterham from Tony Fernandes earlier ...
Read More »F1 set for three-car teams as more risk collapse
F1 risks sliding into crisis and having to reinvent its very DNA as struggling backmarker teams begin to succumb to collapse. HRT folded in 2012, and now F1’s two other ...
Read More »Kolles admits Caterham may miss Austin deadline
The clock is ticking down to struggling F1 backmarker Caterham’s apparent collapse. With the Saturday freight deadline for sending cars and equipment to Austin now just hours away, staff remain ...
Read More »Caterham collapse ‘better’ for F1 – Ecclestone
Caterham is on the brink of collapse, as the backmarker team loses even the support of F1 supremo Bernie Ecclestone. “I think it’s better they go,” said the 83-year-old Briton ...
Read More »Struggling Caterham in race to send cars to Austin
Caterham’s financial troubles appear to be deepening, as it emerges the struggling F1 team may have no cars to race at the forthcoming US grand prix. Reuters reports that the ...
Read More »Fernandes sells Caterham GP2 team
Fernandes has completed his exit from top open-wheeler racing by selling his Caterham-branded GP2 team. The Malaysian entrepreneur sold his Leafield-based F1 team to a mysterious group of Swiss-Middle Eastern ...
Read More »Fernandes distances himself from Caterham team
Tony Fernandes has moved to distance himself from the debt and chaos of the formula one team he founded. F1 backmarker Caterham has tried to play down the gravity of ...
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