Tony Fernandes has sold the Caterham Formula 1 team to a consortium of Swiss and Middle Eastern investors. It will continue to race as Caterham F1 and will remain based at Leafield. Former F1 driver Christijan Albers will be team principal, assisted by Manfredi Ravetto, both are close to Colin Kolles, who brokered the deal but will not be involved as he is still working with the Romanian F1 project. Its a curious arrangement. It is not clear at the moment who the investors are as they obviously do not want exposure.
Current team principal Cyril Abiteboul is expected to return to Renault from whence he came.