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...
Full Story »
Full Story »
You May Also Be Interested In...
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
11y ago from GrandPrix247.com
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 team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
11y ago from espnF1.com
Caterham F1 on the brink as buyers threaten to pull out
Caterham faces an uncertain future after the team's buyers threaten to...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
6d ago from Motorsport.com
Aprilia MotoGP chief: Pedro Acosta shouldn't have been...
No description available...
1d ago from Motorsport.com
Liberty Media could scrap MotoGP two-bike rule from...
The proposed regulation change would end flag-to-flag racing and align...
1d ago from MotorsportWeek.c...
Alex Marquez to miss next two MotoGP rounds after...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
How Pato O'Ward's inner circle turned Arrow McLaren...
No description available...
5h ago from Motorsport.com
Chip Ganassi ‘couldn’t be happier’ with...
Ahead of this season, the NTT IndyCar Series created an independent...
11h ago from MotorsportWeek.c...
How Shell is helping teams in F1, NASCAR and IndyCar...
No description available...
9h ago from Motorsport.com
Katherine Legge previews extreme planning to complete...
Katherine Legge is preparing to become the first woman to attempt The...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
3d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
5d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'They will come back stronger' - Michael Owen names 2...
Premier League icon Michael Owen has named two teams that can challenge...
2h ago from SportsKeeda.com
'Players may still have a hangover' - Chris Sutton...
Former Chelsea star Chris Sutton has backed Arsenal to beat Crystal Palace...
3h ago from SportsKeeda.com
Man United and Arsenal make enquiry for £70 million...
Manchester United continue to be linked with a move for the Sporting CP...
4h ago from CaughtOffside.com
Starmer asks TNT Sports to make Champions League final...
ch between PM’s favourite Arsenal and Paris Saint-Germain marks first...
8h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton discovers fate after post-qualifying...
Lewis Hamilton was summoned to the F1 stewards... Read More »
38m ago from RacingNews365.com
Canadian Grand Prix - Qualifying results
Full results from qualifying for the Canadian... Read More »
2h ago from F1i.com
F1 2026 Canadian Grand Prix – Qualifying Results
George Russell doubled his money by taking pole... Read More »
3h ago from MotorsportWeek.com
