News Details
Caterham management threatens to leave
New clouds have gathered over the Caterham F1 Team as new owners have threatened to pull the plug on the team, claiming that Tony Fernandes, former owner of the team, is not completing the transaction as deemed necessary.
A press release made by the team states: 'Since the date of the sales Agreement on 29 June 2014, the former owner has refused to comply with its legal obligations to transfer their shares to Engavest. The Buyer has been left in the invidious position of funding the team without having legal title to the team it had bought. This is in total contradiction to the Seller’s press release of 3 October 2014 which stated that Mr Fernandes and his Caterham Group had no longer any...
Full Story »
Full Story »
11y ago from F1Technical.net
0
You May Also Be Interested In...
Caterham F1 owners could quit over ownership row
Sutton Images Enlarge Caterham's current owners have threatened to...
11y ago from espnF1.com
Caterham F1 future in fresh doubt
Further doubt has been cast on the future of the Caterham team following...
11y ago from BBC.co.uk
Tony Fernandes sells Caterham GP2 outfit to Status GP
Tony Fernandes sells Caterham GP2 outfit to Status GPPosted On 17 Oct...
11y ago from ThisIsF1.com
Caterham future cast into doubt as new owners threaten...
+ The new management of the Caterham F1 Team has issued a warning that it...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Adelaide bids to host MotoGP’s first-ever street...
No description available...
3h ago from Motorsport.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
22h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1d ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
13h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
13h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
18h ago from MotorsportWeek.c...
Dale Coyne “would like to be in the game” for...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
2d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
3d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Every Premier League free agent this summer, featuring...
We've got a list of every free agent who'll be on the market this summer...
1h ago from CaughtOffside.com
'We want to try and be brave' - Wolves boss sends...
Wolverhampton Wanderers head coach Rob Edwards acknowledged the quality in...
4h ago from SportsKeeda.com
'We're a family': my experience as a disabled Arsenal...
No description available...
5h ago from TheGuardian.com
Arsenal concerned about future of 23-year-old due to...
Arsenal could face a significant defensive decision this summer as...
4h ago from CaughtOffside.com
Comments
Hottest News
F1 Testing Results: Bahrain timesheets - Ferrari go fastest...
The second week of F1 testing at the Bahrain... Read More »
2h ago from GPFans.com
EXCLUSIVE: Naomi Schiff ‘rings alarm bells’ over Lance...
F1 analyst and former driver Naomi Schiff has... Read More »
1h ago from GPFans.com
Lewis Hamilton reveals crucial element to new Ferrari...
Lewis Hamilton has sent a positive message ahead... Read More »
1h ago from MotorsportWeek.com
