Fernandes to step down as Caterham Team Principal

[Ginger Ninja]

Heard some whispers he's stepping down from Caterham. Anyone heard anything?

[QPRDave]

What does that mean Ninja? I'm no expert on F1 I'm afraid. Does it mean he is selling up? or is he like the manager or something?, I'm not sure what he or Flavio do......apart from instruct drivers to try and demolish a wall!

[maddix]

Heard some whispers he's stepping down from Caterham. Anyone heard anything?

He was on SSN yesterday (from Rome ) with a Caterham car in the background and was talking about a joint venture with renault about making 'affordable super cars ' so he MAY be withdrawing his F1 involvement

[MYU]

He is not stepping down from Caterham, in fact they are getting stronger.

Caterham closen Renault ties with sports car link-up - http://www.formula1.com/news/headlin.../11/14029.html

Tony can't be at F1, Air Asia, QPR all at once, he has put someone else in charge of the team who then will have to report to Tony. This means Tony will have more time with Air Asia and QPR.

I did post up a link on here a few days ago.

[qpr]

No a chance in hell. Caterham are a slow moving team that are improving. They brought out some big plans yesterday in a press conference in Paris. Tony's staying which is good for me

[Dazzer1977]

He is not stepping down from Caterham, in fact they are getting stronger.

Caterham closen Renault ties with sports car link-up - http://www.formula1.com/news/headlin.../11/14029.html

Tony can't be at F1, Air Asia, QPR all at once, he has put someone else in charge of the team who then will have to report to Tony. This means Tony will have more time with Air Asia and QPR.

I did post up a link on here a few days ago.

Guess you know sweet FA then fella - http://www.telegraph.co.uk/sport/mot...principal.html

[Dazzer1977]

Fernandes to step down as Caterham Team Principal

http://www.telegraph.co.uk/sport/motorsport/formulaone/9659888/Tony-Fernandes-to-step-down-as-Caterham-team-principal.html

[MYU]

My understanding from the Interview with him on the F1 channel was that he will still own Caterham F1 Team, just appointing a new team principal, because he don't have the time to be there 24/7.

If you read, it don't state that he is selling the team, only that he is stepping down as team principal.

"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," Fernandes said. "We are definitely better at business than finding tenths of seconds around a lap.

You could be right, but it don't say he is selling anywhere unless I've missed it?

[qpr]

My understanding from the Interview with him on the F1 channel was that he will still own Caterham F1 Team, just appointing a new team principal, because he don't have the time to be there 24/7.

If you read, it don't state that he is selling the team, only that he is stepping down as team principal.

"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," Fernandes said. "We are definitely better at business than finding tenths of seconds around a lap.

You could be right, but it don't say he is selling anywhere unless I've missed it?

You're spot on MYU

[qpr]

My understanding from the Interview with him on the F1 channel was that he will still own Caterham F1 Team, just appointing a new team principal, because he don't have the time to be there 24/7.

If you read, it don't state that he is selling the team, only that he is stepping down as team principal.

"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," Fernandes said. "We are definitely better at business than finding tenths of seconds around a lap.

You could be right, but it don't say he is selling anywhere unless I've missed it?

This backs up what you said - http://www.bbc.co.uk/sport/0/formula1/20236935?

[MYU]

Dazzer1977 may have some facts?

The next link was from the 25th Oct, looks like some big changes for them.

http://skiddmark.com/2012/10/has-mike-gascoyne-taken-his-leave-of-caterham

Is this a gateway back in for Flavio?

[Jimmy Floyd Rabbit]

Dazzers gone quiet

[Dazzer1977]

Dazzers gone quiet

Dazzer has a job and don't get to sit in front of his MacBook 24/7 on WATRB. Sorry to disappoint

[wicksta]

MYU you're right, it's just the Team Principal role that Tony is relinquishing. He will still be effectively in charge of the team but play a less hands on role. Think of Ron Dennis at Mclaren. He's still very much involved with Mclaren but Martin Whitmarsh (who is now team principal) is the one in charge of the day to day running of the F1 team itself and goes to all the races. Like Ron Dennis it will give Tony more time to spend on his road car division and other businesses, including QPR.

[Ginger Ninja]

Like i said all i heard were whispers. Cheers For clarifying guys.