Caterham F1 sale officially confirmed

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Following a couple weeks of speculation, the sale of the Caterham F1 Team has been confirmed on Wednesday. The team’s base in Leafield and name of Caterham F1 Team will stay for what the team termed “the foreseeable future.”

Colin Kolles is back in the game and will head up the group of Swiss and Middle Eastern investors, taking over from Tony Fernandes and his partners at the top of the organization. According to veteran F1 scribe Adam Cooper, Kolles will be a Caterham consultant.

Kolles’ F1 history includes stints with the team now known as Force India, previously known as Jordan, Midland, MF1 and Spyker. He also was involved with the HRT team during its stint.

Additionally, former Minardi Formula One driver Christijan Albers and Manfredi Ravetto will take over day-to-day operations of the race team.

Said Albers in a statement, “We are aware of the huge challenge ahead of us given the fight at the bottom end of the Championship and our target now is to aim for tenth place in the 2014 Championship. We are very committed to the future of the team and we will ensure that the team has the necessary resources to develop and grow and achieve everything it is capable of.”

Albers and Kolles have been linked for several years both in F1 and in sports car racing. Albers drove for Spyker in 2007, when Kolles was the team principal. Once Kolles moved to Le Mans, the Dutchman raced an Audi R10 TDI in Le Mans.

Albers is also set to drive the Lotus P1/01 AER in the FIA World Endurance Championship for several races later this year (the Lotus is not affiliated with Caterham, because the Caterham/Lotus/Lotus history is already confusing enough as it is). Kolles had been involved in a Lotus LMP2 project last year.

Meanwhile, Cyril Abiteboul has left the team to pursue other opportunities.

No mention was made of changing the team’s driver lineup, with Kamui Kobayashi and Marcus Ericsson competing this year and a deep pipeline of test drivers that include Alexander Rossi, Rio Haryanto and Will Stevens, with the latter two scheduled to test in Silverstone next week.

IndyCar Grand Prix of Alabama final practice report

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Will Power posted the fastest lap in the third practice session for the Grand Prix of Alabama with a speed of 122.953 mph.

Rookie Robert Wickens (122.552 mph) was second fast, foretelling a continuation of his incredible rookie season.

Scott Dixon (122.237), Ryan Hunter-Reay (122.231) and Alexander Rossi (122.106) rounded out the top five.

The practice was interrupted several times for incidents. 

Ed Jones spun off track in turn five after locking up his brakes with 30 minutes remaining in practice three. He was able to drive back to the pits under his own power.

With 20 minutes still on the clock, Jordan King took a trip into the fence after posting a fastest lap of 121.753 mph. He sustained substantial left side damage to his car and came back to the pits on the hook.

With two minutes remaining, Charlie Kimball lost power and pulled off the track, bringing an end to the practice session.

Dixon also had an off-road excursion.