May 24, 2013, 4:30 PM EDT
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.”
Sep 4, 2015, 3:45 AM EDT
The Italian GP weekend kicks off with FP1 at 4am ET on Friday.
Sep 3, 2015, 6:55 PM EDT
Here’s all the information you need to know about this weekend’s 61st annual Chevrolet Performance U.S. Nationals at Lucas Oil Raceway in suburban Indianapolis:
Sep 3, 2015, 6:54 PM EDT
The biggest and most important drag race of the season takes place this weekend with the 61st Chevrolet Performance U.S. Nationals at Lucas Oil Raceway in suburban Indianapolis.
Sep 3, 2015, 3:27 PM EDT
The GP3/16 breaks cover at Monza ahead of its introduction next year.
Sep 3, 2015, 2:39 PM EDT
Mercedes goes all-in ahead of this weekend’s Italian Grand Prix, fully upgrading the power units on both of its cars.
Sep 3, 2015, 1:23 PM EDT
FOM comes out in support of “first class partner” Pirelli.
Sep 3, 2015, 12:45 PM EDT
Silly season has been a let down in 2015. Perhaps it is therefore fitting that McLaren is now the team to watch in the driver market.
Sep 3, 2015, 12:13 PM EDT
Hamilton goes blonde for Monza. He’s not alone in F1 annals.
Sep 3, 2015, 11:15 AM EDT
Perez expects to confirm his plans for 2016 in the next two weeks.
Sep 3, 2015, 10:30 AM EDT
Debris, not structural problems, to blame for tire failures at Spa.
Sep 3, 2015, 10:00 AM EDT
Luke Smith and Tony DiZinno make their picks ahead of this weekend’s race at Monza.
Sep 3, 2015, 9:00 AM EDT
The European season comes to a close at Monza this weekend. Can Lewis Hamilton enter the final run of flyaways with an even bigger lead?
Sep 3, 2015, 8:00 AM EDT
James Hinchcliffe a few weeks away from his driving return.
Sep 3, 2015, 5:38 AM EDT
Williams confirms an unchanged line-up for 2016, keeping Bottas and Massa together for a third season.
Sep 2, 2015, 6:16 PM EDT
The TV times for this weekend’s Italian Grand Prix.
Sep 2, 2015, 4:33 PM EDT
$2,500 fine levied against No. 22 team for pit road infraction.
Sep 2, 2015, 2:36 PM EDT
Jann Mardenborough steps up from GP3 into GP2 this weekend.
Sep 2, 2015, 1:00 PM EDT
Hinchcliffe recalls racing, commentating on Justin Wilson.
Sep 2, 2015, 12:26 PM EDT
Leah Pritchett looks to make her mark even more in NHRA Top Fuel, going into U.S. Nationals.
Sep 2, 2015, 11:22 AM EDT
Dixon offers a rebuttal to Montoya’s dig about a “poor” season.
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