News Details
Caterham buyer says Fernandes still owns team
+ Caterham’s buyer Engavest insists that despite fulfilling its end of the purchase, Tony Fernandes failed to transfer shares following his sale of the team in June, and therefore remains responsible for the outfit.
Caterham released a strongly worded statement on Wednesday evening claiming Fernandes had failed to transfer the relevant shares to the new buyers following the team’s sale ahead of the British Grand Prix.
This prompted the Malaysian to tweet: 'If you buy something you should pay for it. Quite simple.'
However, Envagest, the Swiss-based buyer of Caterham, released a statement on Thursday insisting that it had fulfilled all the conditions of its agreement with Fernandes....
Full Story »
Full Story »
11y ago from RichlandF1.com
0
You May Also Be Interested In...
Caterham buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
11y ago from TheF1Times.com
Caterham F1 buyer says Fernandes remains owner
Caterham F1 Team
Caterham's new buyer insists that it has adhered to all...
11y ago from F1Zone.net
Buyer says Fernandes still owns Caterham F1
– The consortium that purchased Caterham at the end of June has...
11y ago from GPUpdate.net
Caterham bosses threaten to quit Formula 1 as it...
Caterham's new 'owners' have threatened to quit the team and the sport...
11y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
11h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
11h ago from MotorsportWeek.c...
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
9h ago from Motorsport.com
Marc Marquez: Brazil GP mistake came at corner where...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 0-2 Manchester City: Carabao Cup final – as...
goals from local youngster Nico O’Reilly earned City the trophy in a...
12m ago from TheGuardian.com
Total Pep has fun but Arsenal will worry about display...
als are supposed to be close but Arsenal’s internal architecture...
12m ago from TheGuardian.com
Arsenal 0-2 Manchester City: Carabao Cup final player...
o O’Reilly was superb for City while it was another Wembley performance...
12m ago from TheGuardian.com
Guardiola and Arteta react to Manchester City's 2-0...
Guardiola called Arsenal 'the best team in Europe' after his Manchester...
12m ago from TheGuardian.com
Comments
Hottest News
F1TECH: Ferrari set to reintroduce its halo winglet...
Ferrari’s push to refine its 2026 Formula 1... Read More »
3h ago from F1Technical.net
Formula E: How has the championship standings changed after...
Hot on the heels of Jaguar's double victory and... Read More »
2h ago from F1Technical.net
Max Verstappen denies theory over 'joke' F1 cars
Max Verstappen has long voiced his... Read More »
42m ago from RacingNews365.com
