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Ericsson severs all ties with Caterham

2014-11-13 08:45

SAUBER SWITCH FOR ERICSSON: Caterham’s Marcus Ericsson will race for Sauber in 2015. Image: Caterham

KEN FERRIS

LONDON, England - Marcus Ericsson has terminated all his agreements with the troubled Caterham team.

The driver said on Wednesday (Nov 12) he had agreed to drive for Sauber in 2015 and would miss the season's final race in Abu Dhabi even if Caterham takes part. The team missed the US and Brazil races.

He will partner rookie Felipe Nasr at Sauber.

CASH-STRAPPED

Caterham has not scored a point since its debut in 2010. The team went under financial administration in October 2014 but said it had raised the equivalent of more than R17-million in 48 hours and attracted a new potential buyer.

The team needs the equivalent of about R40-million and is seeking it through a crowd-funding initiative to make the Abu Dhabi grid on November 23.

Ericcson's statement on his website read: "Following recent events re Caterham Sports Limited... my adviser Eje Elgh and I have decided to terminate, with immediate effect, all agreements connecting me to the Caterham F1 team

'THANKS FOR YOUR TRUST'

"This is a sad day as we have greatly enjoyed working with the team through a difficult and tough season.

"I wish to thank Colin Kolles, Manfredi Ravetto, Cyril Abiteboul and every other member of the Caterham F1 team for your trust and confidence in me and for making my first Formula 1 season an educational and unforgettable experience.

"In addition, I thank my good friend and team mate Kamui Kobayashi for being an inspiring benchmark throughout the year, and hope to see him back on the track soon."

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