F1 News

Caterham could be missing out Austrian F1 GP

Posted on by
Kamui Kobayashi, Caterham CT05 Renault
Kamui Kobayashi, Caterham CT05 Renault
Kamui Kobayashi, Caterham CT05 Renault

Kamui Kobayashi, Caterham CT05 Renault

Caterham's F1 foray could be coming to an immediate halt, if the latest rumours are to be believed.

A couple of weeks ago, team owner Tony Fernandes - who has been notably absent from the F1 paddock in 2014 - denied reports he has put the team up for sale.

"It is, however, true that the group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop," Caterham said in a statement.

And a new statement issued by Caterham confirmed that it has sold its stake in the joint Alpine sports car project to Renault.

Now, the latest rumour - flourishing on Twitter and put in print by Speed Week - is that Caterham's F1 project is ceasing immediately, with the green-coloured team to be absent when the 2014 calendar resumes next weekend in Austria.

Speed Week referred to "budget problems" as the main issue, adding that Caterham or Fernandes are yet to comment.

Speed Week said there are rumours Caterham could also pull out of the second-tier motorcycle grand prix racing category Moto2, having until now fielded a team called AirAsia Caterham.

Rumours about the F1 team were already doing the rounds last weekend in Canada, where it was whispered that sale talks took place with the prospective new outfit Forza Rossa, led by former HRT and Force India chief Colin Kolles.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter


Latest F1 News posts:

See older posts in our F1 News Archive »

Stay Updated by F1-Fansite!

Each subscriber has a change to win one of our
2017 F1-Fansite.com Photo Calendars!.
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com 2016 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix

Book F1 Tickets Mexican F1 GP Mexico '16Available
Book Now
Book F1 Tickets Brazilian F1 GP Brazil '16Available
Book Now
Book F1 Tickets Abu Dhabi F1 GP Abu Dhabi '16Available
Book Now
Book F1 Tickets Australian F1 GP Australia '17AvialableBook Now
Book F1 Tickets China F1 GP China '1710% discountBook Now
Book F1 Tickets Spanish F1 GP Spain '1720% discountBook Now
Book F1 Tickets Monaco F1 GP Monaco '17AvailableBook Now
Book F1 Tickets Austrian F1 GP Austria '1720% discountBook Now
Book F1 Tickets British F1 GP UK '17AvailableBook Now
Book F1 Tickets Hungarian F1 GP Hungary '1720% discountBook Now
Book F1 Tickets Belgian F1 GP Belgium '1725% discountBook Now


Will Hulkenberg deliver the 'giant leap" for Renault?

View Results

Loading ... Loading ...
F1 Polls