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Caterham boss threatens to quit F1

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d11gbr444Caterham F1 team boss, Tony Fernandes has threatened to stop as owner of Caterham at the end of the season if repeat uncompetitive performance.

The team compete in 77 Grands Prix in four seasons, not scored any single point and also last year they finished bottom of the 11 Formula 1 teams.

The Malaysian Business gain, who also owns Queens Park Rangers soccer club and the AirAsia airline, has become upset at Caterham’s uncompetitive performance.

“If we are at the back, I don’t think we’re going to carry on,” he said.

“After five years and to get no points, there’s a limit to everyone’s patience, money etc,” added Fernandes, who will have two new drivers this year in Japan’s Kamui Kobayashi and Sweden’s Marcus Ericsson.

“The sport has to examine itself,” he declared.

“I think if we are going to every race and are not competing, two seconds behind everyone else, then we haven’t made any progress,” added the Malaysian, a fervent believer in the need for a cost cap.

“If we are not competing then we have got to seriously examine ourselves as to whether this makes sense.”

“I am saying these things with the confidence that I think we will deliver,” he said. “I would not be here otherwise. But I am also being real that if we don’t…I don’t think anyone in this office expects us to carry on being last.

“But we are fairly confident that we should see some progress.”

“Me walking away would make a fairly large dent to the team, without sounding egotistical,” Fernandes said of the impact his departure would have.

Asked whether he could also walk away from QPR if they failed to secure a quick return to the Premier League from the Championship (second tier), he shook his head. “No, because we are making progress. Even if we don’t go up this season, we have made good progress.

“We have got to see progress. It’s the same for AirAsia. If AirAsia was still a two plane operation and losing tons of money every year, you’d have to say ‘Er, what’s the point of carrying on guys?’.”

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