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
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
3h ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
20h ago from Motorsport.com
How MotoGP’s energy drink landscape could shift
No description available...
1d ago from Motorsport.com
Keeping Fabio di Giannantonio at VR46 'Plan A', admits...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher shares injury update after breaking...
No description available...
22h ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
21h ago from MotorsportWeek.c...
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
1d ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
1d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
2d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Champions League review: a stone-cold classic,...
first leg of the semi-finals produced a nine-goal thriller and a tense...
20m ago from TheGuardian.com
'They give you nothing' – Harry Maguire picks out...
Manchester United defender Harry Maguire has stated that Arsenal are...
3h ago from SportsKeeda.com
Premier League club who could hurt Man City’s title...
Everton are reportedly exploring a move for Arsenal defender Ben White as...
2h ago from SportsKeeda.com
'I'm not happy about that' – ex-Gunner slams...
Arsenal manager Mikel Arteta has been heavily criticised by one of the...
3h ago from CaughtOffside.com
Comments
Hottest News
George Russell slams rules critics: F1 and FIA...
George Russell has defended F1 and the FIA over... Read More »
1h ago from MotorsportWeek.com
Max Verstappen raises fresh concern amid heavy rain risk
Max Verstappen is one of several drivers to have... Read More »
50m ago from RacingNews365.com
Lewis Hamilton reveals Ferrari fixed bizarre Japanese GP...
Lewis Hamilton revealed that his bizarre power... Read More »
4h ago from MotorsportWeek.com
