Kimi Raikkonen and his managers have sold their stakes in the British F3 team Raikkonen Robertson Racing.

The Woking based team will be renamed Double R Racing after Anthony Hieatt took over from the 2007 world champion and his managers Steve and David Robertson, according to reports.

"The Robertson family and Kimi have been very supportive throughout but it is time for all of us to take a different direction," said Hieatt.

Raikkonen pulled out of formula one at the end of 2009 to compete full-time in the World Rally Championship.

Gallery: Raikkonen sells F3 team

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