News Details
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his exit from top open-wheeler racing by selling his Caterham-branded GP2 team.
Fernandes has sold his Leafield-based Formula 1 team to a little known group of Swiss-Middle Eastern investors, led by Colin Kolles, earlier this year.
A statement said Caterham's GP2 team has now been sold to the GP3 outfit Status, owned by Teddy Yip, whose namesake and father was the Macau F3 chief and Formula 1 team owner.
Fernandes still owns a Caterham-branded Moto2 team, competing in the second tier of world championship motorcycle racing. Tweet !function(d,s,id){var...
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11y ago from GrandPrix247.com
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