Former Formula One team sold to Swiss and Middle Eastern consortium . Owner Tony Fernandes and partners relinquish control with immediate effect . Under the terms of the deal , the team will continue to race as Caterham F1 and will retain their base at Leafield , 75 miles north west of London . New consortium will be advised by former F1 Team Principal Colin Kolles .
Former Formula One team sold to Swiss and Middle Eastern consortium . Owner Tony Fernandes and partners relinquish control with immediate effect . New consortium will be advised by former F1 Team Principal Colin Kolles .