Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Motorsport | Formula 1

Tony Fernandes © Reuters Images

Fernandes to step down as Caterham principal



Malaysian aviation entrepreneur Tony Fernandes is planning to step down as principal of the Caterham Formula One team this year and has already identified a successor from within the sport.

The AirAsia airline boss, who announced a deal between Caterham and Renault on Monday that will revive the Alpine sportscar brand, told Autosport and Autocar magazines that he would now hand over his F1 duties.

"On the racing side we have come to the conclusion that it is better if someone else takes over the team principal role to move forward," he said.

"We are definitely better at business than finding tenths of seconds around a lap. It was right for us to lead the team initially and set a template of how it should be. That vision is now set and the team is ready to move forward to the midfield."

Fernandes came into Formula One as a principal in 2010 with Lotus Racing, subsequently renamed Team Lotus and then Caterham from this season. He said at the time that he did not intend to stay long-term at the helm.

The team, one of three newcomers that year, have yet to score a point. Their current drivers are Finland's Heikki Kovalainen and Russian Vitaly Petrov.

They have finished 10th overall for the past two seasons but have been overtaken by Marussia this season and have just two races remaining to regain the position, which will involve getting one of their cars into 12th place or higher.

Fernandes, who also controls struggling Premier League Queens Park Rangers soccer club, has not attended many Formula One races this season due to his many commitments.

Asked who would replace him at Renault-powered Caterham, he replied: "I cannot tell you their name yet. All I can say is that they are from within F1."

British-based Caterham F1 named Renault Sport F1 deputy managing director Cyril Abiteboul as their new CEO in September. He is due to take over the job full time in January.

Shop

Lewis Hamilton: My story
Lewis Hamilton’s explosive arrival on the Formula 1 scene has made front-page headlines
R112.64
Psychology of motorsport success
Motorsport is a highly addictive and extremely exciting activity
R369.89


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Live Video Streaming

The Best Football Funnies Ever I - Iv - Ep 2
Squash - Men's/women's Doubles Pools Day 2
Commonwealth Games H\L - Day 7 - Morning
Table Tennis - Prelims Day 7 Session 2

Sports Talk



Guest Column
Fit as an F1 driver
Nico Rosberg turns around with a grin during a slight uphill section, shouting "Hey, what's the...

Reuters on Motorsport
Team prospects for the 2013 F1 season
Team-by-team prospects for the Formula One season starting in Melbourne, Australia, on March.