News Details
Confusion over future of Caterham F1 team
Confusion surrounds the future of struggling Formula One team Caterham amid a legal dispute between the old and new owners. A strongly worded Caterham statement on behalf of a Swiss and Middle Eastern consortium that took over the team in June from Tony Fernandes threatened action against the Malaysian tycoon. The consortium says Fernandes, along with two other former owners, have failed to transfer shares that would guarantee their purchase of the team, and so have withdrawn all management. 'The buyer has been left in the invidious position of funding the team without having legal title to the team it had bought,' the statement read. Fernandes, who runs airline AirAsia and English Premier...
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11y ago from F1Pulse.com
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