Search

QPR owner Tony Fernandes set to bail out of owning Caterham Formula One team

10:29 28 June 2014

Tony Fernandes. (Photo by Mark Thompson/Getty Images)

Tony Fernandes. (Photo by Mark Thompson/Getty Images)

2011 Getty Images

Tony Fernandes has dropped a broad hint he is prepared to bail out of Formula One team Caterham.

It is understood that Fernandes has already sold the F1 arm of his operation, ending a difficult four-and-half-year journey.

Although no details have officially been announced, in finally opting to close his account on Twitter on Friday, Fernandes said: “F1 hasn’t worked. Love Caterham cars.”

Fernandes made clear at the start of the season, at the announcement of his driver line-up car for this year in January at Caterham’s Leafield base, he was threatening to pull the plug.

Via a demoralising outburst, Fernandes said: “My message to the 250 people here (at the factory) is we have to go for it this year. This is it - the final chance.

“We’ve given you the best infrastructure, the best potential drivers, but it is now down to all of you to go and do it.

“If we’re at the back I don’t think I’m going to carry on.

“Nothing is set in stone, but after five years with no points there is a limit to one’s patience, money, motivation, etcetera, so it’s an important year.”

Fernandes’ hopes have hit the buffers, however, with Caterham falling further behind back-of-the-grid rival Marussia, who ended their points drought in Monaco this year.

Caterham, meanwhile, have gone 85 races since their arrival in F1 in 2010 without collecting a single point, and now Fernandes has had enough.

The Malaysian entrepreneur, owner of Premier League side QPR and budget airline AirAsia, has not uttered a single word on Caterham this season since his day at the factory, nor has he attended a race.

Rumours have been rife about Caterham’s future for months, notably after Fernandes issued a statement at the end of May insisting Caterham Group was not for sale.

That did not preclude an independent sale of the F1 team, with a deal now believed to have been concluded with an unnamed party. An announcement is likely in the coming days.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Kilburn Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Kilburn Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Kilburn Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Kilburn & Brent Sports News

Fri, 20:11
Middlesex's Dawid Malan

Dawid Malan celebrated his first game as Middlesex’s T20 skipper with a classy knock of 93 as his side hammered Hampshire by 69 runs.

Fri, 12:00
Deion Jumah got the better of Colin Farricker in his last bout back in January at the Copper Box Arena (Pic: TGS Photo)

Former Dale Youth ABC star Deion Jumah says he has only discovered 10 per cent of his potential to date – but maintains he is the best light-heavyweight in the country.

Fri, 07:15
New Zealand's Brendon McCullum hits out against England in 2015

James Franklin has warned that Middlesex cannot expect his former New Zealand team-mate Brendon McCullum to single-handedly transform their fortunes in one-day cricket.

Fri, 06:00
Former Dale Youth ABC starlet Dean Richardson celebrates winning his second professional fight at York Hall on May 14.

As if it wasn’t hard enough pursuing a professional boxing career, former Dale Youth ABC starlet Dean Richardson has also been putting in some hard graft outside the ring, as he takes the final steps towards becoming a licensed black taxi driver.

Thu, 10:00
Middlesex batsman Nick Gubbins

While it may be a cliché, to get a first-class hundred for the first time at Lord’s – the home of cricket – was an absolute dream come true.

Tue, 16:45
Chris Powell (middle) presenting Wealdstone FC with a cheque for £10,000 after winning Marathonbet’s Non-League Challenge  (Pic: Adam Tiernan Thomas)

Wealdstone FC were presented with a £10,000 cheque by former Charlton and Huddersfield Town boss Chris Powell on Tuesday after coming out on top in Marathonbet’s Non-League Challenge.

Tue, 15:15
Brondesbury spinner Anthony Wilkinson took four wickets. Pic: Paolo Minoli

Brondesbury extended their winning run to five games in all competitions after another successful weekend.

Brentford skipper Jake Bidwell could join their west London neighbours QPR this summer

Brentford have told QPR they want in excess of £3million if they are to allow skipper Jake Bidwell to leave the club this summer.

Newsletter Sign Up

Most read Kilburn sport

HOT JOBS

Show Job Lists

Competitions

Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Digital Edition

cover

Enjoy the
Brent & Kilburn Times
e-edition today

Subscribe