Caterham F1 Team Sold To Swiss And Middle Eastern Investors

Unsuccessful Formula 1 teams suck up fortunes like deserts swallow rain, so the Caterham Group got rid of theirs, leaving the task of turning it around to Swiss and Middle-Eastern investors.

The group that bought the team is being advised by Colin Kolles, who has been in and out of F1 a number of times in the last few years. Former F1 driver Christijan Albers will now run the team. The drivers haven't scored any points this year, but as of yet have not been relieved of their duties.

Despite all those rumors, the rest of the Caterham Group, which includes Caterham Cars and other ancilliary companies, remains in the hands of CEO Graham Macdonald and shareholders Tony Fernandes and Kamarudin Meranun.

They claim the order book for Caterham Cars is so full for the rest of the year that they have to ramp up production at the end of the summer to keep up with demand. The same could be said about Caterham Composites, which has many aviation, marine and automotive contracts to fulfill while also working on the new flagship Caterham two-seater codenamed C120.

CEO Graham Macdonald had this to add:

The future for us now lies with all the exciting brands that make up Caterham Group. We will be looking to maximise the benefits of the F1 platform across all our brands , working closely with the new team owners, and our core focus is still on launching the brand new two-seat Caterham Car, a project we will be making more announcements about in due course.

Caterham F1 Team Sold To Swiss And Middle Eastern Investors

As far as I'm concerned, they can sell whatever they want until they keep building Sevens. Poor Kobayashi though...