News Details
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which suggests it will take legal action against the Malaysian businessman. It became apparent on Wednesday that the Leafield based F1 team remains under Fernandes' ownership despite a statement in June confirming it was sold to a consortium of Middle Eastern and Swiss investors known as Engavest SA. The statement adds that "the seller (Fernandes) has refused to comply with its legal obligations to transfer their shares to the buyer" therefore leaving the buyer "in the invidious position of funding the team without having legal title to the team it had bought." There is clearly more to the story than...
Full Story »
Full Story »
9y ago from TheF1Times.com
0
You May Also Be Interested In...
Caterham threatens action against Fernandes
Caterham F1 Team
The situation at Caterham has taken another turn as new...
9y ago from F1Zone.net
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
9y ago from GrandPrix247.com
New Caterham F1 management could withdraw
– The Caterham F1 Team's new management could be forced to...
9y ago from GPUpdate.net
Caterham bosses threaten to quit Formula 1 as it...
Caterham's new 'owners' have threatened to quit the team and the sport...
9y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez relishing renewed MotoGP venture with Gresini...
Marc Marquez has expressed that he is relishing his new venture with...
2h ago from MotorsportWeek.c...
Mir unsure "how long my body can take this"...
No description available...
7h ago from Motorsport.com
Why MotoGP’s latest stewarding moan highlights a...
No description available...
1d ago from Motorsport.com
Why Marquez is the key to Pramac's continuation with...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Indy 500: How the two-day qualifying system works in...
No description available...
2h ago from Motorsport.com
Herta speeds to top of Fast Friday charts in Indy 500...
For the second consecutive day, the changeable central Indiana weather...
17h ago from MotorsportWeek.c...
Indy 500 Fast Friday practice halted by Siegel’s...
No description available...
21h ago from Motorsport.com
Indy 500: Herta sets quickest lap at 234.974mph,...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
WRC's 2025 rule change will create “pretty crap”...
No description available...
2d ago from Motorsport.com
Has the WRC finally turned a corner in its promotion...
No description available...
2d ago from Motorsport.com
Evans feels “new ideas” are required after WRC...
No description available...
4d ago from Motorsport.com
Neuville stunned by almost “impossible” result in...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Premier League 2023-24: Top 5 players of the season
No description available...
1h ago from SportsKeeda.com
Team News: Arsenal vs. Everton injury, suspension...
Sports Mole rounds up all of the latest injury and suspension news ahead...
54m ago from SportsMole.co.uk
'Should do everything they can to sign him' - Emmanuel...
No description available...
3h ago from SportsKeeda.com
William Saliba out to make Arsenal history in Everton...
William Saliba could achieve a feat never previously managed by an Arsenal...
1h ago from SportsMole.co.uk
Comments
Hottest News
LIVE: 2024 F1 Emilia Romagna Grand Prix - Qualifying
Follow along with live coverage of qualifying... Read More »
3h ago from RacingNews365.com
Verstappen matches Senna with historic F1 pole at Imola
Max Verstappen matched the late, great Ayrton... Read More »
54m ago from MotorsportWeek.com
F1 Qualifying Results: Emilia Romagna Grand Prix 2024 times...
Fernando Alonso was the shock early casualty in... Read More »
1h ago from GPFans.com