Tony Fernandes ready to sell Caterham for £350m

The Guardian

Reports say QPR owner is ready to quit F1 team Caterham are worst performing team this season

Speculation that Tony Fernandes is about to sell his Caterham Formula One team gathered momentum on Sunday.

According to reports from Bloomberg and the website theEdgeMalaysia.com, the 50-year-old CEO of AirAsia is looking for about £350m for his F1 interests, though Fernandes did not respond when asked to comment.

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