News Details
Fernandes pins blame for Caterham trouble on buyers
Sutton Images Enlarge Tony Fernandes has hit out at the new owners of the Caterham F1 team, accusing them of not fulfilling their side of the deal when he sold the team to them earlier this year. At the end of June, Fernandes agreed a deal with a consortium of Swiss and Middle Eastern investors known as Engavest to take over control of the team. In the past month the team has hit serious financial trouble and the manufacturing arm of the outfit, Caterham Sports Limited, has now gone into administration. On Thursday Engavest distanced itself from the team and its financial liabilities, claiming they were now Fernandes responsibility as he had not transferred the shares in the team as...
Full Story »
Full Story »
11y ago from espnF1.com
0
You May Also Be Interested In...
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed...
11y ago from Crash.net
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
Fernandes blames buyers for Caterham situation
Caterham F1 Team
Tony Fernandes says Caterham Formula 1 team buyers...
11y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Fabio Di Giannantonio: Ducati no longer have an edge...
Fabio Di Giannantonio believes Ducati no longer have an edge over rival...
2h ago from MotorsportWeek.c...
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
20h ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
1d ago from MotorsportWeek.c...
Marc Marquez shares update on injury recovery at...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
4d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
4d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
4d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
3d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hold positive talks with Ligue 1 club for the...
Marseille are reportedly on the verge of securing a loan deal for highly...
2h ago from CaughtOffside.com
Arsenal latest: Marseille in talks over signing...
No description available...
3h ago from SkySports.com
Euro giants begin long term managerial planning with...
Barcelona have quietly begun mapping out their long-term managerial...
5h ago from CaughtOffside.com
Inter preview: We have a BIG squad, use it …
Morning all. We're in Champions League action this evening when we take on...
5h ago from Arseblog.com
Comments
Hottest News
Mercedes announce F1 chief exit ahead of 2026 championship
Mercedes F1 team have announced their director of... Read More »
1h ago from GPFans.com
Lawrence Stroll says Aston Martin & Honda will have a lot...
Aston Martin Executive Chairman Lawrence Stroll... Read More »
1h ago from GrandPrix247.com
F1: Honda unveils its RA626H power unit
Aston Martin and Honda have today celebrated the... Read More »
2h ago from Pitpass.com
