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'Caterham up for sale'

Sunday 25-May-2014 12:46

If you want to own a Formula 1 team now is the time to get in there as Tony Fernandes is reportedly selling his Caterham outfit.

The backmarker team, who have yet to score a single World Championship point and claimed the wooden spoon last season, is going for a reported 350 million pounds.

According to The Edge Malaysia, an unnamed source has revealed that Fernandes is keen to find a buyer for his team.

The Malaysian businessman has circulated an 'information memorandum' in the Middle East.

However, it's not just the F1 team that is up for grabs as Fernandes is selling the entire operation, including the sportscar company.

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