Fernandes sells Caterham

[HertfordshireHoop]

To a consortium

[knocker]

Spend the money on messi.

[jmelanie]

http://www.sportal.com.au/motorsport/news/fernandes-sells-caterham-stake/1idsnqsd4udmv17vvz60a5pc6t

[Burnside]

They werw crap anyway weren't they?

[hipsterhoop]

They werw crap anyway weren't they?

Aha. Not a single point in 5 years. Backing QPR is more exciting anyways.

[Dazzer1977]

He know's there is more points on offer following QPR.

[ArcticHoop]

i wonder how much he get from the deal

[Webb1977]

350 million was reported a few weeks ago. I did start a thread with link when this was first announced a few weeks ago but not sure how to attached it to this one.....

[Gtleighsr3]

Hope he put a sell on clause and appearance and performances etc!

[MYU]

This was the right thing to do, in F1 if you don't finish in the top 10 you make nothing.

BMW, Jaguar & Toyota left the sport for the same reasons and they are manufactures, not an easy sport to get into.

[Bluehoop]

This was the right thing to do, in F1 if you don't finish in the top 10 you make nothing.

BMW, Jaguar & Toyota left the sport for the same reasons and they are manufactures, not an easy sport to get into.

Without sponsorship you get nowhere and like you say, all the money goes to the top 10 teams. Caterham invested loads in 2012/13 to develop a car for 2014 but their investment was a drop in the ocean to what the big boys got in sponsorship and therefore spent on development. Evidence of their improved car is the fact they are completing most races with both drivers but they will never compete.
Uncle Tony made the right choice and was true to his word - that if he couldn't improve their standing, he would find more suitable investors and move on