News Details
Fernandes issues a statement
The sorry saga of Caterham continues as Tony Fernandes and Caterham Group CEO, Graham Macdonald, issue a joint statement.It reads:Tony Fernandes, Caterham Group co-Chairman: 'In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team. We agreed in good faith to sell the shares to a Swiss company named 'Engavest' on the basis that Engavest undertook to pay all of the existing and future creditors, including the staff. The continued payment of staff and creditors was so important to me that I ensured that the shares would not be transferred to the new buyers unless they complied with this condition.Sadly, Engavest has failed to comply with any of the...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
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 buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
10y ago from TheF1Times.com
Caterham staff locked out of factory
Caterham F1 Team
Caterham staff have been locked out of the team's...
10y ago from F1Zone.net
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Three Ducati riders rode with ‘updated’ 2025...
A spokesperson for Ducati has revealed three of its riders raced at the...
1d ago from MotorsportWeek.c...
How Marc Marquez and Valentino Rossi share similar...
TNT Sports pundit Neil Hodgson says Marc Marquez can “manipulate”...
2d ago from MotorsportWeek.c...
Marco Bezzecchi: Aprilia MotoGP bike ‘doesn't...
Marco Bezzecchi says his Aprilia machinery "doesn't always...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
2d ago from MotorsportWeek.c...
Ticket design for 109th Indianapolis 500 revealed
Indianapolis Motor Speedway has pulled back the curtain on the ticket...
3d ago from MotorsportWeek.c...
IndyCar’s FOX network debut increased viewership by...
FOX Sports has released viewership numbers for the opening round of the...
5d ago from MotorsportWeek.c...
The winners and losers of 2025’s IndyCar season...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
1d ago from Motorsport.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
1w ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man Utd 1-1 Arsenal: Consistent inconsistency
Match report – Player ratings – Arteta reaction – Video...
58m ago from Arseblog.com
Exclusive: Liverpool and Arsenal hold talks with PL...
Liverpool and Arsenal, who have competed for the Premier League title this...
48m ago from CaughtOffside.com
'No. Where are Fulham?' – Paul Merson claims 3...
No description available...
58m ago from SportsKeeda.com
“I suspect there’s not great thoughts going...
No description available...
58m ago from SportsKeeda.com
Comments
Hottest News
Four names emerge for 2026 F1 Cadillac seats
Mar.10 Formula 1 and the FIA have finally... Read More »
1h ago from OneStopStrategy.com
Lewis Hamilton hints at exact F1 retirement date
Seven-time Formula 1 world champion Lewis... Read More »
48m ago from GPFans.com
Horner opposes Wolff view over major F1 rule change
Talk in recent weeks has seen increased chatter... Read More »
38m ago from RacingNews365.com
