News Details
Fernandes pins blame for Caterham trouble on buyers
Sutton Images Enlarge Tony Fernandes has hit out at the new owners of the Caterham F1 team, accusing them of not fulfilling their side of the deal when he sold the team to them earlier this year. At the end of June, Fernandes agreed a deal with a consortium of Swiss and Middle Eastern investors known as Engavest to take over control of the team. In the past month the team has hit serious financial trouble and the manufacturing arm of the outfit, Caterham Sports Limited, has now gone into administration. On Thursday Engavest distanced itself from the team and its financial liabilities, claiming they were now Fernandes responsibility as he had not transferred the shares in the team as...
Full Story »
Full Story »
10y ago from espnF1.com
0
You May Also Be Interested In...
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed...
10y ago from Crash.net
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
Fernandes blames buyers for Caterham situation
Caterham F1 Team
Tony Fernandes says Caterham Formula 1 team buyers...
10y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Scott Redding reflects on ‘mega' Phillip Island...
Scott Redding reflected on his "mega" Phillip Island WorldSBK...
5h ago from MotorsportWeek.c...
Neil Hodgson: Pramac Yamaha MotoGP acquiring Jack...
TNT Sports pundit Neil Hodgson says Pramac Yamaha acquiring the services...
10h ago from MotorsportWeek.c...
Is Jorge Martin already out of the MotoGP title fight?
No description available...
7h ago from Motorsport.com
Pierer Mobility Group restructuring plan approved by...
The Pierer Mobility Group's restructuring plan to ensure KTM's survival...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Dale Coyne announces askROI as full season sponsor
Dale Coyne Racing announced on Wednesday that AI-driven business askROI...
4h ago from MotorsportWeek.c...
Zak Brown outlines investment that could maximize...
McLaren Racing CEO Zak Brown has released a public letter covering...
2d ago from MotorsportWeek.c...
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
1w ago from MotorsportWeek.c...
Pit lane speed adjustments made for 2025 IndyCar season
The NTT IndyCar Series has announced a few changes for the upcoming 2025...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
2d ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
1w ago from MotorsportWeek.c...
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Play better football with him', '3-0 loss incoming' -...
No description available...
1h ago from SportsKeeda.com
Barcelona 'aim to use Ferran Torres' in 'spectacular...
Barcelona are allegedly lining a blockbuster summer move for Atletico...
2h ago from SportsMole.co.uk
Nottingham Forest v Arsenal – live blog
Join us for live blog coverage of our Premier League clash with Nottingham...
1h ago from Arseblog.com
Mikel Arteta asks big-name transfer guru to replace...
Arsenal manager Mikel Arteta has reportedly approached Paris Saint-Germain...
1h ago from CaughtOffside.com
Comments
Hottest News
Why Red Bull regards Ferrari as a ‘standout' on the...
Red Bull boss Christian Horner has highlighted... Read More »
5h ago from MotorsportWeek.com
The Lewis Hamilton Ferrari change that ‘caught Oliver...
Haas F1 rookie and Ferrari academy graduate... Read More »
6h ago from MotorsportWeek.com
What stood out during the first day of the F1 test in...
A nine-hour test - indeed, one more than planned... Read More »
2h ago from GPBlog.com
