Malaysia`s Fernandes sells Caterham
London: Malaysian businessman Tony Fernandes has sold the British-based Caterham Formula One team to a consortium of Swiss and Middle Eastern investors, it was announced Wednesday.
"Caterham F1 Team is pleased to confirm that Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former F1 Team Principal Colin Kolles," said a team statement.
In May, Fernandes the owner of budget airline AirAsia and London football club Queens Park Rangers, who next season will be back in the lucrative English Premier League, said in May he wasn`t looking to sell Caterham but was keen to attract additional investment.
More from India
More from World
More from Sports
More from Entertaiment
- Fateh Ka Fatwa: Is it time to introduce reforms in Muslim laws?
- UP CM Yogi Adityanath takes 50 decisions without single Cabinet meet
- UP CM Yogi Adityanath reviews Gomti riverfront work
- UP CM Yogi Adityanath warns supporters of criminals, mafia
- Legal, illegal slaughterhouses in UP: What you need to know
- Azam Khan demands ban on cow slaughter across India, says Muslims should stop eating beef
- Sunil Grover to return as Dr Mashoor Gulati!
- Asaduddin Owaisi asks Centre to clarify policy on buffalo meat export, Nirmala Sitharaman gives apt reply
- No ban on cow slaughter in three Northeast states if party comes to power next year: BJP
- 'The Kapil Sharma Show' controversy: Sunil Grover opens up, finds all the 'tamasha' very 'entertaining'