Fernandes rubbishes rumours of Caterham early F1 exit

Fernandes rubbishes rumours of Caterham early F1 exit

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Tony Fernandes has rubbished rumours that his Caterham team will not compete at the upcoming Austrian Grand Prix.

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Rumours circulated earlier this week that the Caterham team would pull out of Formula One ahead of the Austrian Grand Prix, owing to budget restraints.

These rumours come on the back of reports from the Malaysian press that Fernandes was looking to sell the Caterham Group, which includes the F1 team as well as Caterham Cars, reports that the Malaysian businessman, who also owns no-thrills airline AirAsia and recently promoted Premier League football club Queens Park Rangers, dismissed as being completely unfounded.

Fernandes took to Twitter on Friday to once again debunk rumours over the future of his team.

“Caterham F1 will be racing in Austria,” read a tweet by the Malaysian. “There is no question.”

The team is therefore expected to be in attendance at next weekend’s Austrian Grand Prix, as Formula One returns to the country for the first time since 2003.

The Hingham-based outfit remains 11th and last in the 2014 constructors’ championship, equal on zero points scored with the struggling Sauber team, and two points behind rivals long-time rivals Marussia in ninth.

Image courtesy of Caterham F1 Team