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...
Full Story »
Full Story »
10y ago from RichlandF1.com
0
You May Also Be Interested In...
Caterham buyer says Fernandes still owns team
+ Caterham’s buyer Engavest insists that despite fulfilling its end of...
10y ago from RichlandF1.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
Elsewhere On The Network
Popular On MGPToday.com
Honda MotoGP Luca Marini suffers major injury in...
Honda HRC Castrol MotoGP rider Luca Marini sustained major injuries...
5h ago from MotorsportWeek.c...
‘Major acceleration' in talks between Toprak...
Reports state that there has been a "major acceleration" in...
9h ago from MotorsportWeek.c...
Pedro Acosta: Silverstone MotoGP ‘a race of...
Pedro Acosta's patience is wearing thin with the KTM MotoGP project after...
13h ago from MotorsportWeek.c...
Pedro Acosta’s complaints are more than just a...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
3h ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
2d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
1d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
4d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
6d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to 'make a move' for Premier League striker as...
Arsenal will look to strengthen their forward line in the summer transfer...
12m ago from SportsMole.co.uk
Manchester United update as club in 'pole position'...
Manchester United will need to make several additions if they are to climb...
42m ago from SportsMole.co.uk
Latest transfer news and rumours: Jorginho leaves...
Sports Mole rounds up the latest transfer news and rumours, including...
6h ago from SportsMole.co.uk
Report: Christopher Vivell watched 70m-rated Arsenal...
Manchester United are interested in signing Benjamin Sesko from German...
3h ago from CaughtOffside.com
Comments
Hottest News
Wolff names team that could gain most from flexi-wing...
As Formula 1 heads to Barcelona for the Spanish... Read More »
12h ago from F1i.com
Ron Dennis will ‘never go back’ to F1, slams...
Ron Dennis, one of Formula 1’s most influential... Read More »
9h ago from F1i.com
Ricciardo teaser gets fans excited as legend issues ‘five...
Formula 1 fans have been whipped into a frenzy... Read More »
1h ago from GPFans.com