News Details

Caterham bosses threatens to quit

Caterham's new owners could walk away from F1 and take legal action against Tony Fernandes, claiming he has not transferred his shares. Prior to this year's British Grand Prix, Fernandes sold Caterham to a consortium of Swiss and Middle Eastern investors, but despite the new ownership the team has continued to be dogged by reports of financial difficulties. Earlier this week, Caterham Sports Limited (CSL) went into administration and was told told that the team's car would not be permitted to leave the factory until "an acceptable agreement" is reached. With the team's participation in next weekend's United States GP in jeopardy, the new owners have pointed the finger firmly at...
Full Story »
10y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Caterham F1 owners could quit over ownership row

Sutton Images Enlarge Caterham's current owners have threatened to...
10y ago from espnF1.com

Caterham threatens action against Fernandes

Caterham F1 Team The situation at Caterham has taken another turn as new...
10y ago from F1Zone.net

Caterham bosses in quit threat

Caterham's Formula 1 future has been plunged into fresh uncertainty with...
10y ago from SkySports.com

Caterham F1 on the brink as buyers threaten to pull out

Caterham faces an uncertain future after the team's buyers threaten to...
10y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Alex Marquez tops the timesheets in second Silverstone...

Alex Marquez produced a record-breaking lap in the closing seconds to top...
13h ago from MotorsportWeek.c...

Francesco Bagnaia: Jorge Martin ‘must respect'...

Two-time premier class champion Francesco Bagnaia has said that Jorge...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Costly Carb Day practice as Josef Newgarden fastest

Friday was Carb Day at the Indianapolis Motor Speedway, with drivers...
12h ago from MotorsportWeek.c...

‘A shock and a pity:’ Penske drivers respond to...

The past five days have been adventurous for all the wrong reasons for...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal striker update: Mikel Arteta boost as club 'in...

Mikel Arteta will look to reinforce his team's offensive ranks in a bid to...
10h ago from SportsMole.co.uk

Chelsea transfer news: Blues 'speed up negotiations'...

Chelsea are reportedly looking to secure a 60m (£50.34m) deal for an...
15h ago from SportsMole.co.uk

Premier League GW38 predictions: Nottingham Forest to...

Sports Mole takes on Max Rowat of electronic music duo Koven for a Premier...
11h ago from SportsMole.co.uk

Arsenal in concrete talks to sign attacker with 80...

Arsenal are in concrete talks to sign Benjamin Sesko this summer,...
11h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.