News Details
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which suggests it will take legal action against the Malaysian businessman. It became apparent on Wednesday that the Leafield based F1 team remains under Fernandes' ownership despite a statement in June confirming it was sold to a consortium of Middle Eastern and Swiss investors known as Engavest SA. The statement adds that "the seller (Fernandes) has refused to comply with its legal obligations to transfer their shares to the buyer" therefore leaving the buyer "in the invidious position of funding the team without having legal title to the team it had bought." There is clearly more to the story than...
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11y ago from TheF1Times.com
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