News Details
Fernandes blames buyers for current Caterham situation
+ Tony Fernandes claims that Caterham’s new owners have not fulfilled their side of the agreement since the sale of the team in June.
Engavest SA, the Swiss-based consortium that bought Caterham earlier this year, accused Fernandes on Thursday of failing to transfer the relevant shares following the sale of the team, leaving the Malaysian as the legal owner of the outfit, and therefore responsible for its current state.
However, Fernandes has hit back at those claims, issuing a statement of his own declaring that Engavest failed to uphold its end of the sale agreement by not paying off the team’s inherited debt, which is why he has refused to release the shares.
“In June 2014, I...
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10y ago from RichlandF1.com
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