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Kolles admits Caterham may miss Austin deadline
The clock is ticking down to struggling F1 backmarker Caterham's apparent collapse.
With the Saturday freight deadline for sending cars and equipment to Austin now just hours away, staff remain locked out of the Leafield factory while an unseemly spat continues to escalate between the team's former and current owners.
Former owner Tony Fernandes, the well-known Malaysian entrepreneur, broke his silence on Thursday by insisting that the new buyer called 'Engavest' has not paid up.
"There was no legal obligation to transfer the shares to them unless certain conditions - which included paying creditors - were met," he said.
The team's operating company, Caterham Sports Limited, has...
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11y ago from GrandPrix.com
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