News Details
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed to comply with conditions agreed when he sold the team in June. Engavest claimed on Thursday that it had paid for the team's shares but was yet to receive them from Fernandes and was stepping back from the team, leaving Fernandes "fully responsible" for its future. However, Fernandes has hit back in his own statement, saying Engavest has not paid off the debts it had agreed to when acquiring Caterham F1. "In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," Fernandes said in a statement. "We agreed in good faith to sell the shares to a Swiss...
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