Fernandes hints at Caterham sale, saying “F1 hasn’t worked”

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Tony Fernandes has dropped the biggest hint yet that Caterham F1 Team is set to be sold following a series of cryptic tweets sent out yesterday.

Speculation about the sale of the team has been rife for some time, but Fernandes has stringently denied any claims that he was about to let go of the Caterham brand. As well as the Formula 1 team, he also owns the Caterham Cars programme, Caterham Racing GP2 team and Caterham Moto Racing team in the Moto 2 motorcycle class.

Fernandes was reported to be chasing a sum close to $600m for the F1 team and Caterham cars project last month. Despite constant denials, in the final few tweets from his account before he deleted it, the Malaysian businessman in a reflective mood.

“Goodbye all,” he tweeted. “Maybe I return. Been fun. And damn useful. Speak the truth be brave. Dare to dream, believe the unbelievable and never take no for an answer. Stand up for what you believe, fight oppression and most important enjoy life.”

However, the stand-out tweet simply read: “F1 hasn’t worked but love Caterham cars.”

After constantly denying that the team would be sold, it appears that Fernandes has finally accepted defeat. That said, it may only be the F1 arm of his motorsport interests that are sold, with this being by far the most costly. The GP2 and Moto 2 teams could continue to exist under his AirAsia brand, although plans for these are still unknown.

Fernandes has been bitten by a changing of the times in Formula 1. When he entered the sport with Caterham – then known as Lotus Racing – back in 2010, plans were being drawn up for a cost-cap that would allow teams to run on a figure close to $50m per year. Just as we are seeing some four years later though, there is a reluctance from the bigger teams to help the smaller ones.

Caterham entered the sport at the same time as Marussia and HRT, with the latter folding in 2012. Up until the end of 2013, it was the leading backmarker squad, but has since fallen behind Marussia after the Anglo-Russian team became the first to score any points in Monaco last month.

It is thought that a number of buyers are interested in purchasing the team from Fernandes. According to NBCSN’s Will Buxton, some Russian companies reportedly showed interest in Caterham, and could be in line to move into Fernandes’ office should he officially sell up and leave Leafield.

Cooper solidifies PWC GT presence with Callaway Corvette

Callaway, Cooper, Gill. Photo: PWC
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Pirelli World Challenge could use a “face” of the series from a driving standpoint, and American Michael Cooper is a good candidate to fill that role for 2018.

Cooper, 27, has won PWC Touring Car, GTS and, most recently the SprintX GT titles within the series and has quickly blossomed into one of the series’ top GT stars.

It’s been a rapid rise for the Syosset, N.Y. native, entering into a world filled with series stars and champions such as Johnny O’Connell, Patrick Long, Alvaro Parente and a host of others.

But under O’Connell’s tutelage, Cooper admirably filled the rather gaping shoes vacated by Andy Pilgrim at Cadillac Racing, steering the Cadillac ATS-V.R to multiple race wins in the last two years – including a sweep of this year’s season finale weekend at Sonoma.

Cooper and Jordan Taylor were the model of consistency in SprintX this year, winning once at Canadian Tire Motorsport Park and surviving contact at Circuit of The Americas to take that title.

With Cadillac withdrawing its ATS-V.R program at the end of the year though, Cooper was left a free agent for 2018. Fortunately with one door closed another opened, in the form of the GM-blessed but full Callaway Competition USA effort with its Callaway Corvette C7 GT3-R that will come Stateside next year. Cooper and Daniel Keilwitz will be in the team’s two cars for the full season; the car was fully unveiled last week at the PRI Show in Indianapolis.

The Callaway is a proven commodity in Europe but couldn’t run in the U.S. unless the path was cleared by one of GM’s factory programs to end a direct, potential head-to-head competition.

Moving from the Cadillac to the Callaway Corvette should be a natural transition, Cooper said last week.

“It worked out incredibly well that GM decided to allow Calloway to run the car in the United States and it created an opportunity for me that wouldn’t have been there otherwise,” he told NBC Sports. “I talked to a lot of other GT teams and at the end of the day, I felt like this was the best direction for me to be competitive next year and to also continue furthering my career with General Motors.”

Indeed Cooper has graduated from the Blackdog Speed Shop Chevrolet Camaro Z/28.R in GTS to the Cadillac and now to the Callaway Corvette. Cooper hailed the Cadillac team for what they did for his career growth.

“Working with Cadillac Racing has been instrumental in developing my abilities both on and off the track,” he said. “So I’m definitely a much more well-rounded driver now and have a lot of experience in the World Challenge GT field, so I kind of know what to expect going into that first race and going into that first corner in St. Pete.”

As noted, the car’s success in Europe means it’s a well-oiled machine by the time Reeves Callaway has worked with PWC to bring it Stateside next year. And as Cooper explained, discussions had been underway for a bit of time to ensure his presence in this car and team.

“I think the car is going to be extremely capable. It’s already won championships and races in Europe. I think, in bringing it over here, we’re going to hit the ground running straight away,” he said.

“Calloway had wanted me to come drive for them in July or August. We always kept in touch since then, and there was a lot of work trying to put together a program before they decided that they were going to do a fully fledged factory program. So once they made that decision, I think the pieces were kind of in place already, and the conversations had been had to be able to say ‘You’re going to be our guy.’”

December is late for IMSA programs to get finalized, but it’s relatively early for PWC, with the season not starting until mid-March in St. Petersburg. An extensive testing program should follow, as Callaway establishes its U.S. base and infrastructure.

“It’s definitely early for a Pirelli World Challenge program to be announced in December when we start racing in March. So that’s very good,” he said. “But, the team has a lot of work ahead of them in terms of getting infrastructure set up here in the United States, because a lot of their racing program has been in Europe. So, there will be a testing program, but they have to get the infrastructure in place first. But, we’ll be well prepared for St. Pete, I’m certain of it.

“Last year was the first year when I could sit back, kick my feet up, and know what I was doing next year. So, to be able to have everything done and be able to announce it this early on makes my life less stressful and now I can just focus on preparing myself and my team for next year.”