Fernandes exits as Caterham confirm F1® team takeover

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Caterham have confirmed that former team principal Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors, advised by former HRT and Midland team principal Colin Kolles. Under the terms of the sale, the team will retain their name and will remain based at their current Leafield location, whilst former F1 driver Christijan Albers will take over the day-to-day running of the squad