Ericsson terminates Caterham contract

By on Wednesday, November 12, 2014
Caterham F1 Team

Caterham F1 Team

Marcus Ericsson has severed his ties with Caterham, ahead of his move to Sauber for 2015.

Ericsson raced for the team in his rookie campaign but the team entered administration ahead of the United States Grand Prix and was absent from the last two events.

A crowd-funding website was set up with the aim of getting Caterham to the Abu Dhabi Grand Prix but the squad is still £1m short of its target with 48 hours remaining.

"Following recent events regarding Caterham Sports Limited and 1 MRT Sdn Bhd, my adviser Eje Elgh and I have decided to terminate, with immediate effect, all agreements connecting me to the Caterham F1 team," Ericsson said in a statement.

"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 teammate Kamui Kobayashi for being an inspiring benchmark throughout the year, and hope to see him back on the track soon."

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