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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.

Euro 2016: Croatia's dream run offers hope that this generation will soon bring joy to troubled nation

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Euro 2016: Croatia's dream run offers hope that this generation will soon bring joy to troubled nation

For oneday, the tiny northern French commune of Lens transformed into a raucous slice of Croatia. There were almost as many fans dressed in the trademark red and white chequered shirts of the Balkan n...


Euro 2016: Poland won the match but the game belonged to Switzerlands Xherdan Shaqiri

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Euro 2016: Poland won the match but the game belonged to Switzerlands Xherdan Shaqiri

Behave! Shot all day long, he does it to me in training!Jack Butland knew what he was saying. His Stoke teammate Xherdan Shaqiri had scored a magnificent goal against Everton last December. Running at...

Euro 2016: Ricardo Quaresma's extra-time winner takes insipid Portugal past bland Croatia

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Euro 2016: Ricardo Quaresma's extra-time winner takes insipid Portugal past bland Croatia

Lens, France:Ricardo Quaresma headed Cristiano Ronaldo's Portugal into the quarter-finals of Euro 2016 three minutes before the end of extra-time to break Croatian hearts with the only goal in Lens.Ro...

Just gutted that everyone has to go home: McAuley after Euro 2016 loss against Wales

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Just gutted that everyone has to go home: McAuley after Euro 2016 loss against Wales

Gareth McAuley said that he was "gutted" to have ended the Northern Ireland campaign at Euro 2016 after his own goal sent Wales into the quarter-finals.The West Bromwich Albion defen...

Wimbledon 2016: Andy Murray admires Novak Djokovic's 'incredible consistency'

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Wimbledon 2016: Andy Murray admires Novak Djokovic's 'incredible consistency'

London: Andy Murray has saluted Novak Djokovic's "incredible consistency" as the world number two plots to end his rival's reign as Wimbledon champion.Djokovic starts his bid for a t...

Northern Ireland made it difficult to play: Gareth Bale delighted by Wales' 'ugly' win

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Northern Ireland made it difficult to play: Gareth Bale delighted by Wales' 'ugly' win

Wales star Gareth Bale said his side had been happy to win "ugly" after they edged British rivals Northern Ireland 1-0 to reach the Euro 2016 quarter-finals on Saturday.Bale is the t...

Euro 2016: One-dimensional Poland get out of jail one more time against Switzerland

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Euro 2016: One-dimensional Poland get out of jail one more time against Switzerland

After four games, which have been heavy on tactical battles, watching Poland at this edition of the European Championship has been a homogeneous experience — mean, disciplined defending ...