News Details
Fernandes blames buyers for Caterham situation
Caterham F1 Team
Tony Fernandes says Caterham Formula 1 team buyers Engavest SA did not comply to the conditions agreed when the squad was sold earlier this year.
Caterham's situation remains unclear after a series of accusations over the past 24 hours, with Engavest SA claiming that Fernandes did not transfer shares and then later insisting that they adhered to all of the conditions of the sale.
But Fernandes, who co-founded the team ahead of the 2010 season, has hit back and says that Engavest SA has not fulfilled its obligations.
"In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," said Fernandes in a statement issued on...
Full Story »
Full Story »
11y ago from F1Zone.net
0
You May Also Be Interested In...
Caterham buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
11y ago from TheF1Times.com
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed...
11y ago from Crash.net
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
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
2h ago from MotorsportWeek.c...
Marc Marquez admits ‘my body will force me to retire...
No description available...
2h ago from Motorsport.com
Honda completes another test with 2027 bike as Ducati...
No description available...
19h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
1h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
3h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
'Seen as inevitable' – Worrying Arsenal update...
Arsenal manager Mikel Arteta is reportedly attracting interest from big...
18m ago from CaughtOffside.com
Arsenal now set to target £120m double transfer after...
Arsenal are now reportedly set to switch their focus to Eintracht...
1h ago from CaughtOffside.com
“We are pretty confident of catching Arsenal” -...
Manchester City star Tijjani Reijnders has said the club is confident of...
1h ago from SportsKeeda.com
League position not a factor as we face another tricky...
Morning all. After our midweek exploits, it's another away trip today,...
4h ago from Arseblog.com
Comments
Hottest News
McLaren in tense waiting game with Red Bull over unanswered...
McLaren has admitted it is locked in a waiting... Read More »
1h ago from MotorsportWeek.com
Alex Albon pops the question to Lily He!
Ladies, Alex Albon is officially off the market!... Read More »
1h ago from F1i.com
F1 Testing 2026: All you need to know as Hamilton,...
It may feel like five minutes since Lando Norris... Read More »
1h ago from GPFans.com
