Caterham boss Fernandes hints at F1 exit
27 June 2014 – Caterham owner Tony Fernandes has dropped a firm hint that he is looking to leave Formula 1, with his team languishing at the bottom of the championship standings after a difficult start to the 2014 season.
The Malaysian businessman, who is also the owner of AirAsia and Premier League football team Queens Park Rangers, closed his personal Twitter account on Friday with what appeared to be a farewell message.
"F1 hasn't worked, but love Caterham Cars," explained Fernandes, who entered the sport back in 2010.
Fernandes' squad joined the Formula 1 grid under the moniker of Lotus Racing, before it switched names to Team Lotus and most recently Caterham, following his acquisition of the British sportscar company.
Although the outfit fended off its back-of-the-grid rivals to finish 10th during its first three terms in the top echelon, it fell behind Marussia last season and looks set to finish at the bottom of the pile again this year.
Fernandes had already warned the Caterham workforce ahead of the 2014 campaign that if there was not a marked improvement in the performance of the team, he would almost certainly put it up for sale.