Former Caterham F1 Team owner Tony Fernandes has sold his final interest in single seater racing today after confirming that Status Grand Prix will be taking over the Caterham Racing GP2 team.
Fernandes had established his GP2 racing team back in 2010, and elected to retain it whilst selling the F1 operation and facility earlier this year.
Despite Caterham F1 Team and Caterham Racing sharing a name, color scheme and even base in Leafield, England, there was actually no connection between the outfits once the F1 team had been sold to a consortium back in July.
When the F1 team’s facility was visited by bailiffs earlier this month, the GP2 team moved to make clear that it was not affected by any financial issues and was continuing to race with drivers Rio Haryanto and Pierre Gasly.
However, it seems Fernandes was still looking to offload the operation, and today confirmed that he had agreed a deal with Status Grand Prix which currently races in GP3.
“I would like to say that this announcement is very positive for us and Status Grand Prix,” Fernandes said. “We have built a strong GP2 team with excellent personnel over the last four years, and we can be proud of the multiple race wins and podiums we have achieved in the series.
“Following in-depth discussions with Status Grand Prix, we have reached an agreement that will strengthen and secure the future of the GP2 team. I would like to thank Bruno Michel and the GP2 Series for four successful years and wish Status Grand Prix the best of luck for the future.”
“Status Grand Prix has been part of the GP2 family for five years and, having been multiple race winners in GP3, we have always had the ambition to move up into the senior formula when the time is right,” Status team boss Teddy Yip said. “The opportunity to take over an established and highly-regarded team such as Caterham Racing makes that time now.
“I would like to thank Tony Fernandes and Mia Sharizman at Caterham Racing for their constructive approach to this agreement, and Bruno Michel [CEO] at GP2 for his valuable support during the negotiations.”
Caterham Racing will remain under its current guise for the final round of the season in Abu Dhabi, retaining its drivers before rebranding for the beginning of the 2015 GP2 campaign. The team will also relocate from Leafield to Silverstone.
This sale means that Fernandes’ only remaining racing interest comes in Moto 2 (Moto GP’s feeder series), where he owns the Air Asia Caterham motorcycle racing team.