Jun 27, 2014, 6:30 AM EDT
Tony Fernandes has dropped the biggest hint yet that Caterham F1 Team is set to be sold following a series of cryptic tweets sent out yesterday.
Speculation about the sale of the team has been rife for some time, but Fernandes has stringently denied any claims that he was about to let go of the Caterham brand. As well as the Formula 1 team, he also owns the Caterham Cars programme, Caterham Racing GP2 team and Caterham Moto Racing team in the Moto 2 motorcycle class.
Fernandes was reported to be chasing a sum close to $600m for the F1 team and Caterham cars project last month. Despite constant denials, in the final few tweets from his account before he deleted it, the Malaysian businessman in a reflective mood.
“Goodbye all,” he tweeted. “Maybe I return. Been fun. And damn useful. Speak the truth be brave. Dare to dream, believe the unbelievable and never take no for an answer. Stand up for what you believe, fight oppression and most important enjoy life.”
However, the stand-out tweet simply read: “F1 hasn’t worked but love Caterham cars.”
After constantly denying that the team would be sold, it appears that Fernandes has finally accepted defeat. That said, it may only be the F1 arm of his motorsport interests that are sold, with this being by far the most costly. The GP2 and Moto 2 teams could continue to exist under his AirAsia brand, although plans for these are still unknown.
Fernandes has been bitten by a changing of the times in Formula 1. When he entered the sport with Caterham – then known as Lotus Racing – back in 2010, plans were being drawn up for a cost-cap that would allow teams to run on a figure close to $50m per year. Just as we are seeing some four years later though, there is a reluctance from the bigger teams to help the smaller ones.
Caterham entered the sport at the same time as Marussia and HRT, with the latter folding in 2012. Up until the end of 2013, it was the leading backmarker squad, but has since fallen behind Marussia after the Anglo-Russian team became the first to score any points in Monaco last month.
It is thought that a number of buyers are interested in purchasing the team from Fernandes. According to NBCSN’s Will Buxton, some Russian companies reportedly showed interest in Caterham, and could be in line to move into Fernandes’ office should he officially sell up and leave Leafield.
Heard rumours a few months ago that there was a serious Russian interest in purchasing Caterham F1 team. Lets see how next days play out.
— Will Buxton (@willbuxton) June 27, 2014
Oct 21, 2014, 10:00 PM EDT
The championship contender talks about his reputation during a Monday night appearance at Texas Motor Speedway.
Oct 21, 2014, 8:00 PM EDT
As NASCAR AMERICA’s Kyle Petty explains, the new Chase format has created something that NASCAR hasn’t seen before.
Oct 21, 2014, 7:00 PM EDT
A ninth Martinsville win on Sunday would put Gordon into the Championship Race at Homestead. Check out his interview with NASCAR AMERICA’s Jason Weigandt about his success at M’Ville and more.
Oct 21, 2014, 5:44 PM EDT
Logano admits he should’ve given Patrick more space on the race track two weekends ago.
Oct 21, 2014, 4:40 PM EDT
Extended interviews with Kevin Harvick, Jeff Gordon, Brad Keselowski, and Carl Edwards also coming up on today’s episode of NASCAR AMERICA.
Oct 21, 2014, 3:40 PM EDT
A source tells Reuters that the legal action is not expected to impact the racing activities of the team, which is owned by a separate entity.
Oct 21, 2014, 2:30 PM EDT
Denny Hamlin, Ryan Newman, Matt Kenseth, and Carl Edwards can launch themselves into the Championship at Homestead with a win this weekend.
Oct 21, 2014, 2:00 PM EDT
Kyle Fowler joins the Sprint Cup grid at Martinsville.
Oct 21, 2014, 1:12 PM EDT
NASCAR says damage sustained during Sunday’s GEICO 500 was the cause of his car being too low in post-race inspection.
Oct 21, 2014, 12:55 PM EDT
The Indy Lights grid is beginning to take shape for 2015.
Oct 21, 2014, 12:22 PM EDT
Total’s CEO dies in plane crash; this could have motorsports impact.
Oct 21, 2014, 12:00 PM EDT
Porsche provides five young drivers shot to learn and further integrate themselves with the brand.
Oct 21, 2014, 11:00 AM EDT
A blind 16-year-old gets to live his dream and have a brief chance behind the wheel.
Oct 21, 2014, 10:00 AM EDT
Kurt Busch, Susie Wolff join Race of Champions lineup.
Oct 21, 2014, 9:00 AM EDT
Andretti Sports Marketing explains some of the tricks to the trade in promoting new race events, with Miami and NOLA set for 2015.
Oct 21, 2014, 8:00 AM EDT
LA Galaxy’s Chandler Hoffman first up in “What’Cha Got” presented by Continental Tire show to drive a Lamborghini.
Oct 20, 2014, 9:30 PM EDT
Six different teams are represented among the eight remaining Chasers, and NASCAR’s post-season is starting to resemble another familiar tournament. NASCAR AMERICA’s Kyle Petty and Jeff Burton discuss.
Oct 20, 2014, 8:32 PM EDT
Newman, one of the “Eliminator 8,” may be penalized tomorrow by NASCAR after his car was found to be too low following Sunday’s race at Talladega. Nate Ryan has more on the situation.
Oct 20, 2014, 7:15 PM EDT
Notes and numbers to keep in mind as the 8 remaining Chasers prepare to begin the Eliminator Round.
Oct 20, 2014, 6:15 PM EDT
Recapping Talladega on NASCAR AMERICA.
Video from NASCAR America
- NASCAR AMERICA: Jeff Gordon’s “Drive For Five” continues at Martinsville (VIDEO) 0
- NASCAR won’t penalize Ryan Newman, No. 31 team for Talladega infraction 0
- Total CEO dies in Moscow plane crash 1
- Insight: Planning Andretti’s Sports Marketing promotional efforts at Miami and NOLA 1
- Remembering racing legend Raymond Beadle: ‘Once upon a time, I was the best at what I did’ 2
- Weekend wrap: Brad Keselowski rises up to Talladega challenge 0
- The irony of a winless driver winning a title in the new Chase still exists 5