Ownership of the Caterham F1 team has changed hands. Tony Fernandes and his partners have sold the team to a consortium of Swiss and Middle Eastern investors.
A statement confirming the deal reiterated that the rest of the Caterham Group was unaffected.
It read: "All other Caterham Group brands – Caterham Cars, Caterham Composites, Caterham Technology & Innovation (CTI), Caterham Racing (GP2), Caterham Moto Racing Team (Moto2) and Caterham Bikes, remain as core elements of Caterham Group under the direction of chief executive Graham Macdonald and shareholders Tony Fernandes and Kamarudin Meranun".
The new owners are being advised by Colin Kolles, the Romanian who has been involved in several Formula 1 teams including Jordan, Spyker and Force India.
The amount paid for the team has not been disclosed, but under the terms of the sale, the outfit will continue to race as Caterham F1 Team and will remain based at Leafield Technical Centre, Oxfordshire, for the foreseeable future.