May 24, 2013, 4:30 PM EST
Caterham F1 Team owner Tony Fernandes has spoken out to silence rumors that he may be set to sell the team after it has failed to meet his expectations.
Although the tycoon did admit that he expected Caterham to be running in the midfield by now, he believes that the team has come too far to simply walk away.
“We went in with our eyes wide open and we are too far down the line with Caterham so, no, I will not be leaving,” Fernandes told Sky Sports. “It’s not about winning the world championship for me, it’s about building a car, which has always been my dream and that’s progressing quite well.”
The team has beaten closest-rivals Marussia in all three of its active seasons, but the tables may have turned in 2013 as the Anglo-Russian team currently sits P10 in the constructors’ championship. However, with Charles Pic and Giedo van der Garde impressing of late for Caterham, they could be set to re-claim this position in Monaco this weekend. Fernandes is pleased with the progress that the team has made, and he is keen on it continuing in the coming years, even if they are not meeting his early expectations.
“If we had just continued on our normal path we probably would have been in the midfield by now, so we’ve learned the hard way. But on the business side it’s done everything I wanted it to.
“I also think we’ve the right people now, but would I say we are 100 per cent where we want to be? No. We’ve a nice facility in Leafield and we’re going in the right direction.”
Fernandes refused to make too wild a claim and set his sights on a world championship any time soon, but he is hopeful that Caterham could yet score some points in the next season or two.
“I’m not saying we are going to be world champions any time soon, but I do believe if we continue this way then we have a good chance of progressing.”
Nov 22, 2014, 4:45 AM EST
Nico Rosberg must stop Lewis Hamilton’s dominance in practice if he is to put the pressure on for qualifying.
Nov 22, 2014, 2:33 AM EST
A nifty early move for the lead and masterful power conservation gives Bird the win in Malaysia.
Nov 21, 2014, 10:22 PM EST
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Nov 21, 2014, 8:27 PM EST
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Nov 21, 2014, 7:00 PM EST
Kevin Harvick and his No. 4 Stewart-Haas Racing team had to go through a lot in 2014 to win the Sprint Cup title. NASCAR AMERICA’s Rick Allen and Kyle Petty discuss.
Nov 21, 2014, 6:00 PM EST
Kevin Harvick’s four-tire call late at Homestead proved to be the difference in his title-clinching victory last weekend. NASCAR AMERICA discuss how pit strategy made an impact.
Nov 21, 2014, 4:48 PM EST
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Nov 21, 2014, 4:15 PM EST
A quick primer on F1′s pit stops.
Nov 21, 2014, 4:01 PM EST
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Nov 21, 2014, 3:30 PM EST
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Nov 21, 2014, 3:00 PM EST
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Nov 21, 2014, 2:30 PM EST
Lewis Hamilton sent out a statement of intent during practice for the Abu Dhabi Grand Prix today, beating Nico Rosberg in both practice sessions.
Nov 21, 2014, 2:15 PM EST
Replacing Tom Kristensen will be no easy task at Audi.
Nov 21, 2014, 1:45 PM EST
Electrical failure in FP2 robs the Spaniard of some much-needed track time after sunset in Abu Dhabi.
Nov 21, 2014, 1:15 PM EST
Hamilton and Rosberg leaving nothing in reserve as they fight for the F1 drivers’ championship in Abu Dhabi this weekend.
Nov 21, 2014, 1:00 PM EST
The six-time champ says a title victory for Ryan Newman last weekend at Homestead “would have been tough to swallow for the sport.”
Nov 21, 2014, 12:45 PM EST
Emerson Fittipaldi to a race a Ferrari F458 Italia in Brazil next week, plus two PWC notes.
Nov 21, 2014, 12:30 PM EST
McLaren junior driver becomes the first in GP2 history to score four poles in a row.
Nov 21, 2014, 12:00 PM EST
Part two of the championship profiles sees us take a look at Nico Rosberg’s rise through Formula 1 and to within reach of the world championship. Can he follow in his father’s footsteps and win the title?
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