Fernandes denies Caterham exit

Saturday 14th June 2014

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Fernandes denies Caterham exit

Fernandes denies Caterham exit

Tony Fernandes insists there is "no question" about Caterham's participation in next weekend's Austrian GP.

Earlier this week reports surfaced claiming that the F1 team's future is on the line following the sale of Caterham's stake in a sports car venture to Renault.

According to SpeedWeek, the backmarker outfit's "budget problems" are so dire that they may be out of Formula 1 even before the next race in Austria.

Fernandes, though, has denied the report.

"Caterham F1 will be racing in Austria," he tweeted. "There is no question."

Caterham is one of only two teams who have yet to score this season, the other being Sauber, as even main rivals Marussia made it off the mark in Monaco.

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