News Details
Fernandes blames Caterham buyer for issues
– Tony Fernandes says the Caterham Formula 1 team's buyer is fully responsible for its ongoing problems, claiming that it failed to meet the required conditions for him to transfer his shares in the outfit.Following repeated claims from new owner Engavest, Fernandes released a statement of his own on Thursday, in which he claims the firm was required to pay "existing and future" creditors for the shareholding to change.The Malaysian businessman says this has not happened, which is the reason for him retaining ownership."In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," said Fernandes."We agreed in good faith...
Full Story »
Full Story »
11y ago from GPUpdate.net
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...
11y ago from RichlandF1.com
Caterham F1 buyer says Fernandes remains owner
Caterham F1 Team
Caterham's new buyer insists that it has adhered to all...
11y ago from F1Zone.net
Caterham future cast into doubt as new owners threaten...
+ The new management of the Caterham F1 Team has issued a warning that it...
11y ago from RichlandF1.com
Caterham bosses threaten to quit Formula 1 as it...
Caterham's new 'owners' have threatened to quit the team and the sport...
11y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
4h ago from Motorsport.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
2d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou braces for 100th career IndyCar start in...
No description available...
4h ago from Motorsport.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
23h ago from Motorsport.com
IndyCar veterans praise Mick Schumacher for...
No description available...
21h ago from Motorsport.com
IndyCar's David Malukas eager to convert Phoenix pole...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
2d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bargain asking price: Liverpool & Arsenal...
Clubs like Liverpool and Arsenal could reportedly be in luck as Real...
17m ago from CaughtOffside.com
Ashley Cole makes honest admission when asked if...
Chelsea legend Ashley Cole believes Arsenal can win the quadruple this...
3h ago from SportsKeeda.com
Supercomputer predicts unthinkable Tottenham...
The Premier League table has been given a radical shake-up as a...
3h ago from CaughtOffside.com
'Exceptional' Dowman runs the show for Arsenal
Arsenal did not play well at Mansfield. They were dominated at the start...
3h ago from SkySports.com
Comments
Hottest News
FIA announce late Mercedes penalty verdict after front row...
The FIA have confirmed a late penalty verdict for... Read More »
10h ago from GPFans.com
Melbourne Speed Trap: Who is the fastest of them all?
Melbourne will once again have the honour of... Read More »
3h ago from F1i.com
Fernando Alonso confirms when Aston Martin will retire from...
Fernando Alonso has revealed details of when... Read More »
4h ago from MotorsportWeek.com
