News Details
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed to comply with conditions agreed when he sold the team in June. Engavest claimed on Thursday that it had paid for the team's shares but was yet to receive them from Fernandes and was stepping back from the team, leaving Fernandes "fully responsible" for its future. However, Fernandes has hit back in his own statement, saying Engavest has not paid off the debts it had agreed to when acquiring Caterham F1. "In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," Fernandes said in a statement. "We agreed in good faith to sell the shares to a Swiss...
Full Story »
Full Story »
You May Also Be Interested In...
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
10y ago from GrandPrix247.com
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which...
10y ago from TheF1Times.com
Caterham team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
10y ago from espnF1.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
Home hero Jack Miller tops opening Australian MotoGP...
Home hero Jack Miller topped the opening practice session at the...
1h ago from MotorsportWeek.c...
Pedro Acosta casts doubt on factory Ducati struggles...
No description available...
13h ago from Motorsport.com
Marc Marquez in “no hurry” to make MotoGP return,...
No description available...
13h ago from Motorsport.com
Marco Bezzecchi “in too much of a rush” in Marc...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay wants “to make it hard on everybody”...
No description available...
1d ago from Motorsport.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
2d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
2d ago from Motorsport.com
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans hit with WRC Central Europe penalty for...
No description available...
6h ago from Motorsport.com
WRC Central Europe: Sebastien Ogier edges into early...
No description available...
9h ago from Motorsport.com
Sebastien Ogier reacts to Kalle Rovanpera's “huge”...
No description available...
10h ago from Motorsport.com
Oliver Solberg “dreams” of full-time WRC seat as...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Report: Man United & Spurs very interested in...
Bournemouth attacker Antoine Semenyo has been linked with a move away from...
10h ago from CaughtOffside.com
'He's a footballer who has to pull the team together'...
Former Barcelona star Inigo Martinez has shared his thoughts about the...
10h ago from SportsKeeda.com
Paul Merson predicts Liverpool vs Manchester United...
That international break seemed to go on forever! We're all glad it's done...
12h ago from SportsKeeda.com
Fulham vs Arsenal Prediction and Betting Tips | 18th...
The Premier League is back in action with another set of matches this...
12h ago from SportsKeeda.com
Comments
Hottest News
Brad Pitt 'wasn't impressed' by this Lewis Hamilton comment
A comment from Lewis Hamilton during a dinner... Read More »
5h ago from GPFans.com
George Russell salary revealed as Cadillac disclose major...
Catch up on the biggest news stories of the day... Read More »
2h ago from RacingNews365.com
Huge George Russell salary disclosed after multi-million...
George Russell has signed a contract extension... Read More »
13h ago from RacingNews365.com
