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Caterham buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements with Tony Fernandes to take control of the outfit, following the latter's suggestion they hadn't paid for his shares. Fernandes wrote on Twitter: "If you buy something you should pay for it. Quite simple." Engavest SA, the company behind the deal to take over the team, denied the allegations in a statement released on Thursday. "On 29 June 2014 Engavest SA signed a Sale and Purchase Agreement with Tony Fernandes and the Caterham Group to acquire the shares of 1Malaysia Racing Team/Caterham F1. "Engavest SA has fulfilled all the conditions precedent, including paying the purchase price for the...
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10y ago from TheF1Times.com
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