Caterham silent on Albers CEO rumours
2 July 2014 – Caterham has refused to comment on reports that former Formula 1 driver Christijan Albers has been appointed as CEO of the team when quizzed on the matter by GPUpdate.net.
According to Dutch newspaper De Telegraaf, Tony Fernandes has sold the team to a consortium of businessmen from the Middle East and Albers will now be named as the new boss in time for this weekend's British Grand Prix. Albers was unavailable when contacted by GPUpdate.net.
Colin Kolles – former Team Principal at Force India and HRT – has also been recruited as a consultant, it is alleged. Kolles was most recently linked to Forza Rossa, the new Romanian team that was looking to join the sport in either 2015 or 2016.
The report adds that Caterham will make an official announcement later today.
Fernandes dropped a firm hint that he was looking to leave F1 last week, when he tweeted: "F1 hasn't worked, but love Caterham Cars."
The message was posted shortly before he closed his Twitter account. Fernandes' team has struggled since joining the sport back in 2010 and currently languishes at the bottom of the 2014 F1 Constructors' Championship after a difficult start to the year.