News Details
Fernandes blames buyers for current Caterham situation
+ Tony Fernandes claims that Caterham’s new owners have not fulfilled their side of the agreement since the sale of the team in June.
Engavest SA, the Swiss-based consortium that bought Caterham earlier this year, accused Fernandes on Thursday of failing to transfer the relevant shares following the sale of the team, leaving the Malaysian as the legal owner of the outfit, and therefore responsible for its current state.
However, Fernandes has hit back at those claims, issuing a statement of his own declaring that Engavest failed to uphold its end of the sale agreement by not paying off the team’s inherited debt, which is why he has refused to release the shares.
“In June 2014, I...
Full Story »
Full Story »
11y ago from RichlandF1.com
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 buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
11y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
4h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
7h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
20h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
3h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
2h ago from CaughtOffside.com
Liverpool and Arsenal step up move for 75m star as...
AZ Alkmaar midfielder Kees Smit has been the name on everyone's lips over...
2h ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
14m ago from SkySports.com
'6-7 it's what my kids show me!' | Arteta jokes as he...
Sky Sports' Gary Cotterill questions Arsenal manager Mikel Arteta on ten...
4h ago from SkySports.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
3h ago from Pitpass.com
McLaren boss Zak Brown names F1 title favourites and fears...
McLaren F1 CEO Zak Brown has neglected to name... Read More »
1h ago from GPFans.com
Red Bull cuts ties with the last remnants of Christian...
Red Bull has made sweeping changes behind the... Read More »
1h ago from MotorsportWeek.com
