Fernandes: “Caterham is not for sale”
Wanting to silence the rumors of a possible sale of his team and the Caterham group, Tony Fernandes insisted on denying this information by explaining that he was still invested in the business and in Formula 1.
The Monaco Grand Prix marked a turning point in the battle among the backmarker teams. Marussia finally managed to score the first points in its history, thus overtaking Caterham in the Constructors’ Championship.
The Malaysian team will have to display exceptional luck to catch up with its closest rival, and despite Marcus Ericsson’s impressive 11th place in the principality, which matches the team’s best historical result, the situation seems to be getting more complicated.
As a result, [the rumors of a possible sale of Caterham by Tony Fernandes](https://www.f1/actualite/17740-tony-fernandes-aurait-mis-caterham-a-vendre.html) have resurfaced. The Malaysian entrepreneur had stated at the beginning of the season that [this would be a crucial year for his team](https://www.f1/actualite/17740-tony-fernandes-aurait-mis-caterham-a-vendre.html) and that, in the absence of convincing results, he would consider parting ways with it.
Despite this, Fernandes insisted on denying these sale rumors in an official statement: « Caterham is not for sale. We love what we are building and are always looking for new investments. This is no different from how we started with AirAsia. Yes, we are constantly facing challenges, making decisions on everything regarding the structure and the project of the Caterham group. This is the daily life of every business. That does not mean we are selling. »
The co-chairmen of the group, Tony Fernandes and Kamarudin Meranun Datuk, nevertheless specified that they were looking for new investors.
