News Details
Fernandes: Caterham Group is not for sale
Tony Fernandes
Caterham owner Tony Fernandes denied on Tuesday that his group of companies, which includes the struggling Formula One team, was up for sale but said it was seeking new investment.
Reports in Malaysia at the weekend had said the AirAsia budget airline boss was seeking to sell the British-based team and sportscar company and an information memorandum was being circulated in the Middle East.
'Caterham Group is not for sale,' Fernandes said in a statement. 'We love what we build and we are always looking for further investment. This is no different to how we started AirAsia.'
'Yes, we are constantly challenging ourselves and making decisions on everything from the structure to...
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10y ago from GrandPrix247.com
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