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
- PM Modi slams Pakistan govt during his speech in Kozhikode
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak - Part II
- PM Modi calls meeting to review Indus Waters Treaty today
- Watch: Sushma Swaraj addresses the UN General Assembly
- SHOCKING VIDEO: This man was trying to take selfie with python - You won't believe what happened next!
- Donald Trump praises Hindu community's contributions to US
- WATCH: Ravichandran Ashwin's magic ball that bamboozled Kane Williamson on Day 3
- Uri effect? India, Afghanistan bypass Pak to set up exclusive air corridor
- Jio impact: Vodafone offers 10 GB 4G mobile services at 1 GB price