Reports: Caterham F1 Team up for sale

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Reports in the Malaysian media have emerged suggesting that Caterham F1 Team owner Tony Fernandes has put the team up for sale along with the Caterham Cars company.

Fernandes, who also owns the airline company AirAsia and English soccer club Queens Park Rangers, entered Formula 1 with Caterham – then known as Lotus Racing – at the beginning of 2010.

However, since then, no points have been scored, with a best result of 11th place coming at the 2012 Brazilian Grand Prix. So far in 2014, Kamui Kobayashi and Marcus Ericsson have trailed behind nearest rivals Marussia in the battle for 10th place in the constructors’ championship, which brings with it serious financial benefits.

Earlier this year, Fernandes said that if the team did not start to move up the grid in 2014, he would look to sell the outfit. “If we’re at the back I don’t think I’m going to carry on,” he explained. “Nothing is set in stone but after five years with no points there is a limit to one’s patience, money, motivation, etc, so it’s an important year.”

Now, according to business publication The Edge Malaysia, he has made the first step towards selling the Caterham brand.

Fernandes has reportedly put Caterham F1 Team and Caterham Cars Ltd. – the sports car division of the brand – up for sale for a combined price of $589m.

Quite what this would mean for the team and its staff is unclear. A number of brands have expressed an interest in entering Formula 1, with Honda thought to be considering a support team for McLaren, whom it will power in 2015.

Another potential buyer could be NASCAR team owner Gene Haas. The American has gained a berth for Haas Formula on the F1 grid for 2015 or 2016, and although he has underlined his desire to start a team from scratch, another option could be buying an existing operation and its facilities.

However, the involvement of Caterham Cars in the sale could make him think twice about this. Also, it could make possible relationships with Ferrari and Dallara, two Italian companies, more difficult given that the team is run from Leafield in England.

The team is yet to comment on these rumors. For today’s Monaco Grand Prix, Kamui Kobayashi will start from P20 on the grid, and Marcus Ericsson will start from the pit lane after being penalized by the stewards.

BREAKING: John Force taken to hospital after Phoenix eliminations crash

Photo courtesy NHRA
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16-time NHRA Funny Car champ John Force has been taken to a local hospital for evaluation and examination following a wicked crash with fellow Funny Car driver Johnnie Lindberg.

The crash occurred during the quarterfinals of Sunday’s final eliminations in the NHRA Arizona Nationals at Wild Horse Pass Motorsports Park in suburban Phoenix.

Force was headed for a win when the engine on his Peak Chevrolet Camaro blew up just as it crossed the finish line, destroying the body. Lindberg, meanwhile, lost traction about one-third of the way down-track, but then got back into the gas to try and catch Force.

Force appeared to lose control of the body-less car and went across from the left lane he was in to the right-hand lane, where he hit the retaining wall in front of Lindberg.

Lindberg tried to avoid Force, but couldn’t. To make matters worse, the body on Lindberg’s car then came off and Force’s and Lindberg’s cars got tangled up in Lindberg’s parachute, sending both chassis’ into the left retaining wall.

Lindberg emerged from his Funny Car under his own power and was checked at the medical center before heading back to his pit.

Force, meanwhile, was helped out of his mangled wreck by the NHRA Safety Safari and was transported by ambulance to the hospital due to the severity of the impact.

Even though Force will be credited with the round win, he obviously will not be able to continue for the remainder of the eliminations.

To add insult to injury, NHRA officials charged Force with oiling down the racetrack, his third of the season in just the first two races. That will cost him 15 points in the NHRA Mello Yello Drag Racing Series standings and a fine of $4,000.

Here are several posts from social media, including video of the incident from NHRA:

This is the second time Force has had an engine explode and the body blew off in the last two weeks. He also wrecked during the qualifying Feb. 9 for the season-opening Lucas Oil NHRA Winternationals in Pomona, California. Here’s the video of that wreck:

MORE: John Force taken to hospital as a precaution after Funny Car motor explodes.

We’ll update Force’s condition when it becomes available.

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