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Fernandes sells GP2 team to Status

NEWS STORY
17/10/2014

GP2 organisers have confirmed that UK based GP3 team Status Grand Prix has signed an agreement to acquire Caterham Racing. The GP2 team will compete as Caterham Racing for the remainder of the 2014 season, and will become Status Grand Prix in 2015.

The current GP2 driver line-up of Rio Haryanto and Pierre Gasly will remain in the Caterham cars for the final round of the season at the Abu Dhabi Grand Prix.

Before the Abu Dhabi event, the Caterham Racing operation will move to Status GP's race facility at Silverstone, 30 miles from Caterham's current base at Leafield.

"Having been multiple winners in GP3, as well as A1GP World Cup champions with A1 Team Ireland, we have always had the ambition to move further up the motorsport ladder when the time is right," said Status GP team principal Teddy Yip. "The opportunity to take over an established and highly-regarded GP2 team such as Caterham Racing, allied to a strong season in GP3, makes that time now. The Status GP2 team will be run from our Silverstone base to the same exacting standards as our race-winning GP3 team."

"This announcement is very positive for us and Status Grand Prix," added Tony Fernandes. "We have built a strong GP2 team with excellent personnel over the last four years, and we can be proud of the multiple race wins and podiums we achieved in the series.

"It became clear to me some time ago that, without Caterham F1, we should seek affiliation with a GP3 team to create a more effective ladder for young drivers who aspire to Formula One. Following in-depth discussions with Status Grand Prix, we have reached an agreement that will strengthen and secure the future of the GP2 team."

"I am pleased to welcome Status Grand Prix to the series," said GP2 Series CEO Bruno Michel. "They have been in GP3 since the beginning, and have been successful over the past five seasons. I have no doubt that with the help and experience of the current staff, they will be able to achieve the same level of performance in GP2, and will adapt quickly to the demands of the category."

Since 2010, Status Grand Prix has won GP3 Series races with drivers such as Robert Wickens, Alexander Sims, Antonio Felix da Costa, Marlon Stockinger and Richie Stanaway.

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READERS COMMENTS

 

1. Posted by MrShadow, 18/10/2014 11:10

"Is this the same Teddy Yip that ran the Theodore F1 team, he must be of Bernie's age.
Interesting how old names keep coming back. Just like Carl Haas is not an unknown name to F1."

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