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 »
11y 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...
11y ago from TheF1Times.com
Caterham buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
11y ago from TheF1Times.com
Caterham staff locked out of factory
Caterham F1 Team
Caterham staff have been locked out of the team's...
11y ago from F1Zone.net
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Francesco Bagnaia is "not that worried"...
No description available...
14h ago from Motorsport.com
Jorge Lorenzo slams Yamaha riders including Fabio...
Five-time MotoGP champion Jorge Lorenzo slams Yamaha riders, particularly...
18h ago from MotorsportWeek.c...
The mountain Yamaha has to climb with its V4-powered...
No description available...
20h ago from Motorsport.com
Jorge Martin: Marco Bezzecchi was "on another...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
7h ago from MotorsportWeek.c...
Winners and losers from the 2026 IndyCar season-opener...
No description available...
13h ago from Motorsport.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
1d ago from MotorsportWeek.c...
Gallery: IndyCar kicks off 2026 season at St. Pete
Motorsport Week has exclusive images from the IndyCar curtain-raiser in...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
19h ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
3d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Arteta set to speak to media LIVE!
No description available...
15h ago from SkySports.com
Report: Arsenal and Man United join the race to sign...
Hertha Berlin midfielder Kennet Eichhorn has been linked with a move away...
10h ago from CaughtOffside.com
Arteta wants 6ft 3in giant who tormented Arsenal in...
Arsenal are interested in signing the Inter Milan striker Pio Esposito at...
11h ago from CaughtOffside.com
Euro outfit brace for bids as Liverpool and Arsenal...
Liverpool and Arsenal are interested in signing the VfB Stuttgart defender...
10h ago from CaughtOffside.com
Comments
Hottest News
FIA make major F1 change ahead of 2026 Australian Grand Prix
The change will be in effect throughout the... Read More »
14h ago from RacingNews365.com
George Russell quashes Ferrari daydream as F1 start data...
Data from the F1 pre-season test in Bahrain may... Read More »
9h ago from GPFans.com
F1 star Charles Leclerc and wife Alexandra are getting...
Ferrari F1 star Charles Leclerc and his new wife... Read More »
7h ago from GPFans.com
