News Details
Caterham threatens action against Fernandes
Caterham F1 Team
The situation at Caterham has taken another turn as new owners have threatened to take legal action against Tony Fernandes after they claimed that the shares have not been transferred.
It was announced in July that Fernandes was selling his squad to a group of Swiss and Middle Eastern investors but the new owners claim that the current situation, in which administrators have been called, has had a 'devastating effect' on the Formula 1 team.
Caterham released a statement late on Wednesday to clarify the situation at the Leafield-based squad.
"On 29 June 2014, Caterham Enterprises Ltd, Caterham (UK) Ltd and Sheikh Mohamed Nasarudin (Seller) and their shareholders Tony...
Full Story »
Full Story »
10y ago from F1Zone.net
0
You May Also Be Interested In...
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
10y ago from GrandPrix247.com
Tony Fernandes sells Caterham GP2 outfit to Status GP
Tony Fernandes sells Caterham GP2 outfit to Status GPPosted On 17 Oct...
10y ago from ThisIsF1.com
Fernandes sells Caterham GP2 team
Fernandes has completed his exit from top open-wheeler racing by selling...
10y ago from GrandPrix.com
Caterham F1 owners unable to fund company
The current owners of Caterham “have been unable to fund” a company...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo reflects on ‘special' Jerez...
Fabio Quartararo described his second-place finish at Jerez as...
14h ago from MotorsportWeek.c...
Pirelli to test MotoGP tires in Aragon ahead of 2027...
No description available...
14h ago from Motorsport.com
Pedro Acosta still ‘focused' on KTM amid Honda...
Pedro Acosta's manager Albert Valera has provided an update regarding his...
18h ago from MotorsportWeek.c...
Opinion: Marquez brothers made history at Jerez, yet...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Helio Castroneves joins Barrichello, Massa in the 2025...
No description available...
9h ago from Motorsport.com
Corvette ZR1 pace car revealed for 109th Indy 500
Indianapolis Motor Speedway has revealed the pace car that will head the...
8h ago from MotorsportWeek.c...
2025 Indianapolis 500 Chevrolet ZR1 pace car unveiled
No description available...
7h ago from Motorsport.com
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
1d ago from MotorsportWeek.c...
Even Sebastien Ogier was powerless to prevent Kalle...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera ignites WRC season with Canary Islands...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Possession lost 14 times, big chance missed: Arsenal...
Arsenal crashed to a 1-0 defeat against Paris Saint-Germain at home in the...
7h ago from CaughtOffside.com
'You can leave with your heads held high', 'Deserved...
Arsenal fans on social media have singled out Myles Lewis-Skelly and...
5h ago from SportsKeeda.com
'How is he a pro footballer', 'Dislike him so much' -...
Gabriel Martinelli drew the ire of fans on social media for his...
5h ago from SportsKeeda.com
Arsenal 0-1 PSG: Mikel Arteta must repeat Tottenham...
Arsenal will have to emulate Tottenham Hotspur if they are to progress to...
6h ago from SportsMole.co.uk
Comments
Hottest News
Marko offers his verdict regarding Tsunoda's performance at...
Having completed his first three races at Red... Read More »
2h ago from F1Technical.net
How Helmut Marko ended Danica Patrick's Red Bull F1 dream
Sky Sports F1 analyst Danica Patrick had a long... Read More »
9h ago from GPFans.com
Daniel Ricciardo is back, like you've never seen him before
Have you ever wondered what former Formula 1 star... Read More »
8h ago from GPFans.com
