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Fernandes pins blame for Caterham trouble on buyers
Sutton Images Enlarge Tony Fernandes has hit out at the new owners of the Caterham F1 team, accusing them of not fulfilling their side of the deal when he sold the team to them earlier this year. At the end of June, Fernandes agreed a deal with a consortium of Swiss and Middle Eastern investors known as Engavest to take over control of the team. In the past month the team has hit serious financial trouble and the manufacturing arm of the outfit, Caterham Sports Limited, has now gone into administration. On Thursday Engavest distanced itself from the team and its financial liabilities, claiming they were now Fernandes responsibility as he had not transferred the shares in the team as...
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11y ago from espnF1.com
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