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
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
1d ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
3d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
3d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
6d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
21h ago from MotorsportWeek.c...
Alex Palou grabs IndyCar pole at Laguna Seca
IndyCar headed out for qualifying at Laguna Seca just before noon local...
21h ago from MotorsportWeek.c...
Foggy conditions at Laguna Seca delay IndyCar’s...
The NTT IndyCar Series was set to hit the track early Saturday morning...
1d ago from MotorsportWeek.c...
Alex Palou powers to fifth IndyCar pole of 2025 at...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'We are extremely happy to have him' - Mikel Arteta...
Arsenal manager Mikel Arteta has expressed his joy at having teenage star...
32m ago from SportsKeeda.com
Mikel Arteta provides update as Arsenal star picks up...
Arsenal boss Mikel Arteta gave an update on Riccardo Calafiori's injury is...
32m ago from SportsKeeda.com
Player ratings: Arsenal 3-2 Newcastle
Arsenal made it two from two in pre-season with a 3-2 victory over follow...
3h ago from FreshArsenal.com
Dowman, 15, steals the show as Arsenal edge past...
Martin Odegaard's late penalty earned Arsenal a 3-2 pre-season win over...
3h ago from SkySports.com
Comments
Hottest News
F1 Results Today: Norris blows title chance as Hamilton...
A delayed Belgian Grand Prix was won by a... Read More »
1h ago from GPFans.com
Marko confirms the real reason why Red Bull sacked...
Red Bull Racing’s decision to sack team... Read More »
8h ago from GPFans.com
F1 2025 Belgian Grand Prix – Race Results
Oscar Piastri beat Lando Norris to extend his... Read More »
1h ago from MotorsportWeek.com
