News Details
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed to comply with conditions agreed when he sold the team in June. Engavest claimed on Thursday that it had paid for the team's shares but was yet to receive them from Fernandes and was stepping back from the team, leaving Fernandes "fully responsible" for its future. However, Fernandes has hit back in his own statement, saying Engavest has not paid off the debts it had agreed to when acquiring Caterham F1. "In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," Fernandes said in a statement. "We agreed in good faith to sell the shares to a Swiss...
Full Story »
Full Story »
You May Also Be Interested In...
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
11y ago from GrandPrix247.com
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which...
11y ago from TheF1Times.com
Caterham team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
11y ago from espnF1.com
Caterham F1 on the brink as buyers threaten to pull out
Caterham faces an uncertain future after the team's buyers threaten to...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'It's not that the others are going...
No description available...
14h ago from Motorsport.com
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
14h ago from Motorsport.com
Johann Zarco tops second MotoGP practice at Le Mans,...
Johann Zarco continued Honda's Friday dominance to top the second MotoGP...
18h ago from MotorsportWeek.c...
What’s behind Honda’s pace-setting speed in French...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
11h ago from Motorsport.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
10h ago from MotorsportWeek.c...
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
10h ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
14h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
12h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
15h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
20h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Sources: Chelsea & other PL clubs eyeing...
Chelsea are understood to be on alert for the possible transfer of Arsenal...
24m ago from CaughtOffside.com
Mikel Arteta responds to Wayne Rooney claiming Arsenal...
Arsenal manager Mikel Arteta has issued a response after Wayne Rooney...
54m ago from SportsKeeda.com
I can tell you what I won't be doing this evening...
Morning all. West Ham is tomorrow. I don't want to talk about West Ham...
35m ago from Arseblog.com
West Ham United vs Arsenal Prediction and Betting Tips...
The Premier League returns to the fold with another set of matches this...
24m ago from SportsKeeda.com
Comments
Hottest News
Aston Martin are in crisis but Alonso would never 'throw in...
Fernando Alonso may be struggling to get anything... Read More »
55m ago from GPFans.com
Carlos Sainz 'open to' sensational McLaren F1 return
Carlos Sainz is considering making a shock return... Read More »
1h ago from GPFans.com
Editor's Desk: 2026 Formula 1 turning us into Schizophrenics
As the reality of the 2026 Formula 1 season... Read More »
45m ago from GrandPrix247.com
