Skip to content

Caterham F1 sale officially confirmed

Jul 2, 2014, 10:16 AM EDT

Caterham Getty Images

Following a couple weeks of speculation, the sale of the Caterham F1 Team has been confirmed on Wednesday. The team’s base in Leafield and name of Caterham F1 Team will stay for what the team termed “the foreseeable future.”

Colin Kolles is back in the game and will head up the group of Swiss and Middle Eastern investors, taking over from Tony Fernandes and his partners at the top of the organization. According to veteran F1 scribe Adam Cooper, Kolles will be a Caterham consultant.

Kolles’ F1 history includes stints with the team now known as Force India, previously known as Jordan, Midland, MF1 and Spyker. He also was involved with the HRT team during its stint.

Additionally, former Minardi Formula One driver Christijan Albers and Manfredi Ravetto will take over day-to-day operations of the race team.

Said Albers in a statement, “We are aware of the huge challenge ahead of us given the fight at the bottom end of the Championship and our target now is to aim for tenth place in the 2014 Championship. We are very committed to the future of the team and we will ensure that the team has the necessary resources to develop and grow and achieve everything it is capable of.”

Albers and Kolles have been linked for several years both in F1 and in sports car racing. Albers drove for Spyker in 2007, when Kolles was the team principal. Once Kolles moved to Le Mans, the Dutchman raced an Audi R10 TDI in Le Mans.

Albers is also set to drive the Lotus P1/01 AER in the FIA World Endurance Championship for several races later this year (the Lotus is not affiliated with Caterham, because the Caterham/Lotus/Lotus history is already confusing enough as it is). Kolles had been involved in a Lotus LMP2 project last year.

Meanwhile, Cyril Abiteboul has left the team to pursue other opportunities.

No mention was made of changing the team’s driver lineup, with Kamui Kobayashi and Marcus Ericsson competing this year and a deep pipeline of test drivers that include Alexander Rossi, Rio Haryanto and Will Stevens, with the latter two scheduled to test in Silverstone next week.

Latest Posts
  1. Team Penske has early Chase edge, but Hendrick camp can strike at Dover

    Sep 22, 2014, 1:30 PM EDT

    Chase for the sprint cup logo

    The clash of the titans has gone Team Penske’s way so far. But next weekend’s race at Dover could see the tide turn in favor of Hendrick Motorsports.

  2. Lotterer: “F1 (racing) isn’t what it used to be anymore”

    Sep 22, 2014, 1:00 PM EDT

    LottererCaterham Getty Images

    Andre Lotterer reflects on the openness of FIA WEC and Super Formula compared to his one-off Grand Prix appearance in Belgium.

  3. COTA weekend thoughts and observations: FIA WEC

    Sep 22, 2014, 12:00 PM EDT

    GDriveSMPCOTA AP

    The FIA WEC headed to Texas this weekend. Here are some thoughts on how it went down.

  4. COTA weekend thoughts and observations: IMSA

    Sep 22, 2014, 11:15 AM EDT

    IMSACota Getty Images

    Both the TUDOR Championship and Continental Tire SportsCar Challenge put on a show in Austin this weekend.

  5. FIA WEC: Another Audi win at COTA

    Sep 22, 2014, 10:21 AM EDT

    Le Mans 24h Race Getty Images

    Audi 1-2 leads FIA WEC winners at COTA.

  6. Can Hamilton take this momentum all the way to Abu Dhabi?

    Sep 22, 2014, 10:00 AM EDT

    Singapore F1 GP Auto Racing AP

    Reliability woes have left Nico Rosberg reeling. If he doesn’t respond at Suzuka, it could be game over.

  7. Rosberg: I felt helpless in Singapore (VIDEO)

    Sep 22, 2014, 9:00 AM EDT

    Singapore F1 GP Auto Racing AP

    German driver does well to keep his anger in check in his post-race video blog.

  8. Force India owner heaps praise on Sergio Perez after Singapore fightback

    Sep 22, 2014, 8:00 AM EDT

    Singapore F1 GP Auto Racing AP

    Vijay Mallya delighted as Force India makes 2014 its most successful season since entering F1 back in 2008.

  9. Singapore GP Weekend: All Posts, One Place

    Sep 22, 2014, 7:00 AM EDT

    F1 Grand Prix of Singapore Getty Images

    Lewis Hamilton has put himself back in control of the 2014 F1 world championship after a great win in Singapore as teammate Nico Rosberg retired.

  10. Red Bull GRC: Rhys Millen wins Race 2 in L.A.; Ken Block takes championship lead

    Sep 21, 2014, 8:43 PM EDT

    GRCLogo

    Millen scores his second win of 2014, while YouTube icon Block takes an 18-point lead in the championship with two races left in the season.

  11. Schumacher (TF), C. Force (FC), Connolly (PS), Hines (PSM) are NHRA winners at Texas

    Sep 21, 2014, 7:51 PM EDT

    (Photo courtesy NHRA) (Photo courtesy NHRA)

    Tony Schumacher (Top Fuel), Courtney Force (Funny Car), Dave Connolly (Pro Stock) and Andrew Hines (Pro Stock Motorcycle) were the winners in Sunday’s final rounds of the NHRA FallNationals in Ennis, Texas.

  12. Kyle Larson steady at New Hampshire in runner-up effort

    Sep 21, 2014, 7:00 PM EDT

    Sylvania 300 - Practice Getty Images

    The talented rookie continues to duel with the Chasers at New Hampshire before finishing second to Joey Logano.

  13. Chase’s version of musical chairs: nine drivers to battle for five advancement spots at Dover

    Sep 21, 2014, 6:36 PM EDT

    Aric Almirola was much happier at Loudon, with a sixth-place finish Sunday. But he's still ranked last in the Chase chances with one race left to stave off elimination. (Photo: Sean Gardner/Getty Images) Getty Images

    As the Chase for the Sprint Cup moves to Dover for next Sunday’s third race of the playoffs, nine drivers will be fighting elimination by vying for five advancement spots there.

  14. Keselowski overcomes adversity to still finish 7th, maintains Chase points lead

    Sep 21, 2014, 6:09 PM EDT

    (Photo: Will Schneekloth/Getty Images) Getty Images

    Brad Keselowski started from the pole, led the second-most number of laps in the race (78), overcame a late wreck and still almost won Sunday’s Sylvania 300 at New Hampshire Motor Speedway.

  15. Harvick comes up short of Chase win, but continues run of great consistency

    Sep 21, 2014, 5:49 PM EDT

    (Photo: Jerry Markland/Getty Images) Getty Images

    Prior to last week’s opening race of the Chase for the Sprint Cup, Kevin Harvick said it would take wins and uncanny consistency to advance to the final four, winner-take-all battle in the season-ending race at Homestead.

  16. Joey Logano avoids “yellow fever,” wins at N.H. to advance in Chase

    Sep 21, 2014, 5:36 PM EDT

    GoBowling.com 400 - Practice Getty Images

    The Connecticut native joins Penske teammate Brad Keselowski in the Contender Round with his victory at New Hampshire Motor Speedway.

  17. Another Chaser finds trouble in N.H., and this time, it’s Matt Kenseth

    Sep 21, 2014, 5:13 PM EDT

    Crown Royal Presents The John Wayne Walding 400 - Practice Getty Images

    Kenseth was running in the Top 10, when Paul Menard washed up into him and sent him spinning into the wall with 31 laps to go at New Hampshire.

  18. Kurt Busch wrecks, yet another Chase driver to suffer problems at New Hampshire

    Sep 21, 2014, 4:38 PM EDT

    (Photo: Will Schneekloth/Getty Images) Getty Images

    Kurt Busch had a tire rub on his Haas Automation Chevrolet when the right front tire appeared to blow on Lap 222 of the 300-lap Sylvania 300 at New Hampshire Motor Speedway, sending him hard into the wall and suffering right front end damage.

  19. Wreck involves several Chase drivers; Keselowski spins, suffers minor damage

    Sep 21, 2014, 4:20 PM EDT

    (Photo: Will Schneekloth/Getty Images) Getty Images

    Several drivers in the Chase for the Sprint Cup suffered damage to their respective race cars in a wreck that involved Matt Kenseth, Kyle Busch, Kasey Kahne and Ryan Newman with just over 100 laps to go in Sunday’s Sylvania 300 at New Hampshire Motor Speedway.

  20. UPDATE: Denny Hamlin’s bad day at New Hampshire gets worse with Lap 180 crash

    Sep 21, 2014, 4:00 PM EDT

    (Photo: Jerry Markland/Getty Images) Getty Images

    4 p.m. ET – Already several laps down, Hamlin was caught in a multi-car crash that also involved Martin Truex Jr., David Ragan, and Cole Whitt.

Video from NASCAR America

Which longshot will advance in Chase?
Top 10 NASCAR Driver Searches
  1. B. Keselowski (1914)
  2. J. Gordon (1326)
  3. K. Harvick (1281)
  4. M. Crafton (1055)
  5. K. Busch (1017)