Has Fernandes put Caterham up for sale?

Tony Fernandes

Tony Fernandes

Is Formula 1 backmarker Caterham for sale? This is the question being asked by Auto Motor und Sport, recalling paddock reports from the Spanish Grand Prix venue in Barcelona.

When Renault revealed that its turbo V6 engine bills had gone unpaid, many eyes turned to Lotus, who last year struggled to pay drivers and suppliers.

An initial media statement from the Enstone based team sounded equivocal, but team owner Gerard Lopez now insists: “We have paid all our engine bills.”

German correspondent Michael Schmidt said that the suspicion has now fallen on Caterham, who according to reports may be losing the support of founder Tony Fernandes.

Kamui Kobayashi leads Marcus Ericsson

Kamui Kobayashi leads Marcus Ericsson

“Apparently, the green team is also behind in its gearbox payments to Red Bull,” Schmidt added.

Earlier this year Fernandes said, “If we are at the back, I don’t think we’re going to carry on. After five years and to get no points, there’s a limit to everyone’s patience, money etc.”

He added at the time, “I think if we are going to every race and are not competing, two seconds behind everyone else, then we haven’t made any progress. If we are not competing then we have got to seriously examine ourselves as to whether this makes sense.” (GP247-GMM)

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