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 »
10y 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...
10y ago from RichlandF1.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
Elsewhere On The Network
Popular On MGPToday.com
Maximo Quiles storms to photo finish Hungarian Moto3...
Maximo Quiles produced a remarkable comeback as he edged out Valentin...
2h ago from MotorsportWeek.c...
Yamaha bows to Jack Miller's pressure over 2026 Pramac...
No description available...
3h ago from Motorsport.com
Marc Marquez triumphs at inaugural MotoGP race at...
Marc Marquez triumphed in the inaugural MotoGP race at Balaton Park,...
17m ago from MotorsportWeek.c...
“I never retired” – why Pol Espargaro isn’t...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Milwaukee – Qualifying Results
All 27 drivers of the NTT IndyCar Series buckled in and completed two of...
16h ago from MotorsportWeek.c...
Three Honda drivers to take IndyCar grid penalties at...
The NTT IndyCar Series has announced three grid penalties for this...
20h ago from MotorsportWeek.c...
IndyCar champ Alex Palou clinches Milwaukee Mile pole...
No description available...
16h ago from Motorsport.com
Josef Newgarden tops the timesheets for Milwaukee’s...
The NTT IndyCar Series took to the historic Milwaukee Mile on Saturday...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
2d 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
Mikel Arteta provides concerning update on the fitness...
Arsenal manager Mikel Arteta has admitted that there are fresh concerns...
3h ago from CaughtOffside.com
Manchester United closing in on deal to sign...
Manchester United are close to securing the services of Senne Lammens,...
2h ago from SportsKeeda.com
Arsenal agree record deal to sign 16-year-old talent
Arsenal have had a very productive summer transfer window, and they have...
3h ago from CaughtOffside.com
Real Madrid set to be rivaled by PL giants for...
Real Madrid will reportedly face competition from Arsenal in their pursuit...
3h ago from SportsKeeda.com
Comments
Hottest News
The key storylines to follow for the rest of the 2025 F1...
It may feel odd to discuss what’s in store for... Read More »
47m ago from MotorsportWeek.com
F1: Faster cars, slower lap times in 2026
Rules overhaul will see faster cars but slower... Read More »
2h ago from Pitpass.com
Toto Wolff brands Christian Horner an ‘a**hole' in...
Mercedes boss Toto Wolff has branded his old F1... Read More »
4h ago from MotorsportWeek.com
