News Details
Fernandes blames buyers for Caterham situation
Caterham F1 Team
Tony Fernandes says Caterham Formula 1 team buyers Engavest SA did not comply to the conditions agreed when the squad was sold earlier this year.
Caterham's situation remains unclear after a series of accusations over the past 24 hours, with Engavest SA claiming that Fernandes did not transfer shares and then later insisting that they adhered to all of the conditions of the sale.
But Fernandes, who co-founded the team ahead of the 2010 season, has hit back and says that Engavest SA has not fulfilled its obligations.
"In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," said Fernandes in a statement issued on...
Full Story »
Full Story »
11y ago from F1Zone.net
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
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed...
11y ago from Crash.net
Caterham F1 on the brink as buyers threaten to pull out
Caterham faces an uncertain future after the team's buyers threaten to...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin targets latest MotoGP return at Valencia...
No description available...
7h ago from Motorsport.com
Nicolo Bulega overcomes WSBK instincts to score on...
No description available...
12h ago from Motorsport.com
Marco Bezzecchi and Aprilia celebrate ‘significant...
After finishing third in Saturday's MotoGP Sprint, Marco Bezzecchi...
11h ago from MotorsportWeek.c...
Pol Espargaro slams ‘way too aggressive’ Franco...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
4d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
4d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
9h ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
15h ago from MotorsportWeek.c...
Oliver Solberg secures full-time Toyota WRC drive for...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
Gary Lineker predicts favourites to win Premier League...
Gary Lineker believes Arsenal are still the favorites to beat Liverpool...
7h ago from SportsKeeda.com
Arsene Wenger issues warning as he responds to Mikel...
Legendary Premier League manager Arsene Wenger has issued a warning to...
10h ago from SportsKeeda.com
“If Arsenal, Man City and Liverpool play at their...
Former Newcastle United striker Michael Owen believes Arsenal are not...
9h ago from SportsKeeda.com
Barcelona made aware of Arsenal stance on 26-year-old...
Arsenal are considered to have one of the best squads in Europe, but they...
9h ago from CaughtOffside.com
Comments
Hottest News
Ferrari big boss Elkann to Hamilton and Leclerc: Shut up...
Ferrari president John Elkann has told Lewis... Read More »
3h ago from GrandPrix247.com
McLaren calls for clarity on F1 cost cap rules after Red...
McLaren boss Andrea Stella has called for... Read More »
9h ago from MotorsportWeek.com
Injured Sky F1 presenter spotted on live TV with axed...
Injured Sky Sports presenter Natalie Pinkham has... Read More »
2h ago from GPFans.com
