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Caterham owner Tony Fernandes triggered speculation about the future of his tail-end Formula One outfit on Friday after declaring "F1 hasn't worked" on Twitter before closing his account. The team have not scored a point in various guises since entering the sport in 2010 and the Malaysian said in January that he could quit if they did not show signs of improvement. If anything they have gone backwards since, rooted to the bottom of the standings while rivals Marussia, who also entered in 2010 as Virgin Racing, scored their first ever points in Monaco in May. There have been plenty of rumours about Fernandes' Formula One intentions with Caterham issuing a statement in May to deny the group of companies that includes the team was for sale. While Fernandes seems to have remained keen on the niche sportscar company, there has been increasing speculation about the team being hived off. Indian racing driver Karun Chandhok, a reserve for Caterham in 2012 when they were known as Team Lotus, could see reasons for that. "You can understand why he's sort of fallen out of love with F1 because they haven't scored a point in five years," he told Sky Sports television. A LOT OF MONEY "Tony's spent an awful lot of money along with his business partner Kamarudin (Meranun). (His) chief rivals have scored two world championship points and it's highly unlikely you are going to beat them. So at the end of the year it could mean he has to spend another $30 million," said Chandhok. I could think of a fairly big reason to stop loving Formula One." Fernandes has not been seen at races for some time and the AirAsia airline entrepreneur's sporting attentions have been more focused on his newly-promoted Premier League soccer club Queens Park Rangers. The Malaysian has also been critical of F1's failure to introduce the sweeping cost-cutting measures that smaller teams have called for. In January, after announcing Japan's Kamui Kobayashi and Sweden's Marcus Ericsson as his drivers, he said F1 was too predictable, too expensive and not exciting enough with insufficient chances for underdogs to surprise. "At the moment they are just rumours," said Chandhok of the situation. "We've heard lots of rumours through the paddock. He's got a football team that's back in the Premiership, a motorbike team that is doing exceedingly well in Moto2...and it costs him a tenth of what it costs to run a Formula One team. Is it (F1) giving him the return he wants? Probably not," added Chandhok.

Man United Not Commenting on Report That Mourinho Is New Manager

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Man United Not Commenting on Report That Mourinho Is New Manager

Manchester: Manchester United are not commenting on a report that Jose Mourinho has signed a contract to become the club's new manager. British broadcaster Sky Sports said Thursday that Mourinho has ...


Serena Eases Into Third Round at French Open

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Serena Eases Into Third Round at French Open

Paris: Defending champion Serena Williams barely broke sweat as she brushed aside Brazilian Teliana Pereira 6-2, 6-1 in the second round of the French Open on Thursday. The American, who has lost fiv...

Tsonga Rallies to Beat Baghdatis at French Open

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Tsonga Rallies to Beat Baghdatis at French Open

Paris: Jo-Wilfried Tsonga provided some thrills on an otherwise dull day at the French Open when he overturned a two-set deficit to reach the third round by beating Marcos Baghdatis 6-7(6), 3-6, 6-3, ...

Button Feels Lucky to Escape With Damaged Car at Monaco GP

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Button Feels Lucky to Escape With Damaged Car at Monaco GP

Monaco: McLaren's Jenson Button declared himself lucky to have escaped with a damaged car, rather than suffering serious injury, after running over a loose drain cover during Monaco Grand Prix practic...

Manchester United appoint Jos Mourinho as manager: report

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Manchester United appoint Jos Mourinho as manager: report

Manchester United have appointed Jos Mourinho as their new manager, Sky Sports News reported on Thursday.The 53-year-old Portuguese replaces Dutchman Louis van Gaal whose two-year reign at Old Traffor...

Manchester United Appoint Mourinho as Manager: Report

from ibn

Manchester United Appoint Mourinho as Manager: Report

London: Manchester United have appointed Jose Mourinho as their new manager, Sky Sports News reported on Thursday. The 53-year-old Portuguese replaces Dutchman Louis van Gaal whose two-year reign at ...

French Open: Dangerman Thiem Moves Closer to Nadal Showdown

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French Open: Dangerman Thiem Moves Closer to Nadal Showdown

Paris: French Open dangerman Dominic Thiem enhanced his growing reputation on Thursday by reaching the third round for the first time with a 7-5, 6-4, 7-6 (3) win over Spaniard Guillermo Garcia-Lopez....