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
Jul 31, 2014, 5:48 PM EDT
More analysis on Dale Earnhardt Jr.’s new crew chief, Greg Ives, took center stage on Thursday’s NASCAR AMERICA on NBCSN.
Jul 31, 2014, 4:59 PM EDT
Thursday’s NASCAR AMERICA lineup…
Jul 31, 2014, 4:00 PM EDT
Malaysian FIA Formula E round moves from October to November to accommodate prime minister’s wishes.
Jul 31, 2014, 2:32 PM EDT
Ryan Hunter-Reay and Simon Pagenaud look to make headway on Team Penske teammates, while Chip Ganassi Racing seeks a six-pack of Mid-Ohio wins this weekend.
Jul 31, 2014, 1:45 PM EDT
Anthony Richardson bills himself as the Bad British Commentator, and it definitely shows through here with his malapropisms and complete lack of understanding of the sport and world of NASCAR.
Jul 31, 2014, 1:00 PM EDT
There may not be wholesale changes, based upon what NASCAR chairman Brian France said recently, but next year’s Sprint Cup schedule will look different. Based upon various sources and things we’ve heard and/or read, we’re going to chime in with our ideas and why we think that way.
Jul 31, 2014, 12:00 PM EDT
With six qualifying races left, a total of 10 more spots remain to be clinched to fill out the expanded 16-driver playoff field for this year’s 10-race Chase for the Sprint Cup.
Jul 31, 2014, 11:54 AM EDT
Legendary NASCAR driver Mark Martin is returning to Roush Fenway Racing. But don’t expect Martin, 55, to get back behind the wheel any time soon.
Jul 31, 2014, 11:01 AM EDT
If you collect NASCAR memorabilia and someone approaches you in the coming days with a deal that seems too good to be true – especially if it involves merchandise related to either Dale Earnhardt Sr. or Dale Earnhardt Jr. – it probably is.
Jul 31, 2014, 10:50 AM EDT
Ferrari’s head of Engine and Electrics, Luca Marmorini, has left the team ahead of the second half of the season.
Jul 31, 2014, 9:59 AM EDT
NBCSN will present live coverage of the IndyCar Honda Indy 200 at Mid-Ohio this Sunday at 3 p.m. ET, highlighting more than 30 hours of motorsports coverage across NBC and NBCSN this weekend.
Jul 31, 2014, 9:52 AM EDT
If at first you don’t succeed, try, try again. That’s the case for the new design of the Toyota Camry for the 2015 Sprint Cup season.
Jul 31, 2014, 8:57 AM EDT
Ed Carpenter says he’d like to expand to two cars, but it remains to be seen if this can actually come to fruition.
Jul 30, 2014, 7:12 PM EDT
Personal care brand will serve as primary backer for Stenhouse in multiple 2015 races plus work in a season-long associate role.
Jul 30, 2014, 5:38 PM EDT
NASCAR AMERICA on Wednesday includes a Denny Hamlin interview, a recap of the Hamlin penalties and Dale Earnhardt Jr. new crew chief news.
Jul 30, 2014, 5:00 PM EDT
Nelson Piquet Jr. shows Kristen Kenney how to wakeboard, on the day after Piquet bagged a podium finish in Red Bull Global Rallycross at Charlotte.
Jul 30, 2014, 4:45 PM EDT
Coming up today: Full coverage of Brickyard penalties against Joe Gibbs Racing, including reaction from driver Denny Hamlin; interview with Eldora Truck Series winner Darrell “Bubba” Wallace Jr.
Jul 30, 2014, 4:30 PM EDT
Next year, Ives will have deal with an amount of fan and media attention that dwarfs anything he’s ever encountered in the sport.
Jul 30, 2014, 4:06 PM EDT
The livery notes going into this weekend’s Honda Indy 200 at Toronto.
Jul 30, 2014, 2:39 PM EDT
Ives currently serves as crew chief for Nationwide Series points leader Chase Elliott and also worked as a race engineer for Jimmie Johnson during his run of five Sprint Cup titles from 2006-2010.
- NASCAR AMERICA: Thursday round-up (VIDEO) 0
- IndyCar: A crucial weekend to commence at Mid-Ohio 0
- Mark Martin returning to Roush Fenway Racing in unique role 0
- NASCAR AMERICA: Wednesday Round-Up Includes Denny Hamlin Interview (VIDEO) 3
- Greg Ives to become crew chief for Dale Earnhardt Jr. next season 12