News Details
Fernandes issues a statement
The sorry saga of Caterham continues as Tony Fernandes and Caterham Group CEO, Graham Macdonald, issue a joint statement.It reads:Tony Fernandes, Caterham Group co-Chairman: 'In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team. We agreed in good faith to sell the shares to a Swiss company named 'Engavest' on the basis that Engavest undertook to pay all of the existing and future creditors, including the staff. The continued payment of staff and creditors was so important to me that I ensured that the shares would not be transferred to the new buyers unless they complied with this condition.Sadly, Engavest has failed to comply with any of the...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which...
10y ago from TheF1Times.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
Caterham staff locked out of factory
Caterham F1 Team
Caterham staff have been locked out of the team's...
10y ago from F1Zone.net
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
“I’m back” – Jorge Martin on MotoGP Hungarian...
No description available...
3h ago from Motorsport.com
Pedro Acosta owns up to qualifying “mess”, admits...
No description available...
2h ago from Motorsport.com
How Marc Marquez could seal the MotoGP world title at...
No description available...
4h ago from Motorsport.com
Marc Márquez seals seventh straight MotoGP...
t;li>Ducati rider extends world title lead to 175 pointsJorge Martín...
5h ago from TheGuardian.com
Popular On IndyCarToday.com
Dennis Hauger secures 2025 Indy NXT championship
No description available...
3h ago from Motorsport.com
IndyCar Milwaukee – Qualifying Results
All 27 drivers of the NTT IndyCar Series buckled in and completed two of...
23h ago from MotorsportWeek.c...
Three Honda drivers to take IndyCar grid penalties at...
The NTT IndyCar Series has announced three grid penalties for this...
1d ago from MotorsportWeek.c...
IndyCar champ Alex Palou clinches Milwaukee Mile pole...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
3d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal receive crucial update about Martin Odegaard...
Arsenal cruised past Leeds United on Saturday beating the newly promoted...
1h ago from CaughtOffside.com
Relief for Arsenal with Bukayo Saka’s injury not as...
t;li>Forward hobbled off after scoring against LeedsØdegaard also...
1h ago from TheGuardian.com
Arsenal agree record deal to sign 16-year-old talent
Arsenal have had a very productive summer transfer window, and they have...
9h ago from CaughtOffside.com
Manchester United closing in on deal to sign...
Manchester United are close to securing the services of Senne Lammens,...
8h ago from SportsKeeda.com
Comments
Hottest News
Yuki Tsunoda linked with shock F1 switch to Red Bull rivals
Yuki Tsunoda could be on the move after being... Read More »
2h ago from GPFans.com
Lewis Hamilton reunion prompts calls for urgent F1 switch
F1 fans were left calling for a major change... Read More »
1h ago from GPFans.com
Max Verstappen admits missing family after being forced to...
Max Verstappen has revealed how much he misses... Read More »
1h ago from GPFans.com
