News Details
Caterham management threatens to leave
New clouds have gathered over the Caterham F1 Team as new owners have threatened to pull the plug on the team, claiming that Tony Fernandes, former owner of the team, is not completing the transaction as deemed necessary.
A press release made by the team states: 'Since the date of the sales Agreement on 29 June 2014, the former owner has refused to comply with its legal obligations to transfer their shares to Engavest. The Buyer has been left in the invidious position of funding the team without having legal title to the team it had bought. This is in total contradiction to the Seller’s press release of 3 October 2014 which stated that Mr Fernandes and his Caterham Group had no longer any...
Full Story »
Full Story »
11y ago from F1Technical.net
0
You May Also Be Interested In...
Caterham F1 owners could quit over ownership row
Sutton Images Enlarge Caterham's current owners have threatened to...
11y ago from espnF1.com
Caterham F1 future in fresh doubt
Further doubt has been cast on the future of the Caterham team following...
11y ago from BBC.co.uk
Tony Fernandes sells Caterham GP2 outfit to Status GP
Tony Fernandes sells Caterham GP2 outfit to Status GPPosted On 17 Oct...
11y ago from ThisIsF1.com
Caterham future cast into doubt as new owners threaten...
+ The new management of the Caterham F1 Team has issued a warning that it...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir: Honda has stopped updating 2026 MotoGP bike
No description available...
16h ago from Motorsport.com
Jorge Lorenzo: Marc Marquez would have 13 MotoGP...
Five-time world champion Jorge Lorenzo believes Marc Marquez would have...
3d ago from MotorsportWeek.c...
Pedro Acosta on leaving KTM for Ducati: “I have no...
No description available...
3d ago from Motorsport.com
How much do MotoGP tyres cost and who pays for them?
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar, NASCAR Trucks returning to St. Pete Grand...
No description available...
4d ago from Motorsport.com
Road to 2027: Inside Dreyer & Reinbold Racing’s...
No description available...
4d ago from Motorsport.com
Dreyer and Reinbold purchases Rahal entry in first...
Dreyer and Reinbold Racing has announced that it has purchased one...
5d ago from MotorsportWeek.c...
Dreyer & Reinbold Racing to return full-time to...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier to reunite with champion co-driver for...
No description available...
19h ago from Motorsport.com
Suninen leads by 8.9 seconds as decisive final day...
At the close of Saturday's opening leg, Suninen held an 8.4-second...
1d ago from MotorsportWeek.c...
Thierry Neuville and Adrien Fourmaux unclear on WRC...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Club World Cup likely to expand for 2029 with more...
t;li>Fifa agrees joint venture with lobby group EFCNext edition poised...
4h ago from TheGuardian.com
Newcastle agree £51.5m Johan Manzambi deal and insist...
t;li>Switzerland international poised to sign from FreiburgGuimarães...
4h ago from TheGuardian.com
John Stones set for Inter move after shining for...
t;li>Defender left Manchester City on free transfer‘I still feel I...
6h ago from TheGuardian.com
Inter Milan close in on Arsenal and Chelsea target as...
Inter Milan are set to discuss a two-year deal with John Stones as a free...
10h ago from CaughtOffside.com
Comments
Hottest News
Vasseur rues Ferrari mistakes after frustrating Hungarian...
Ferrari team principal Fred Vasseur admitted the... Read More »
17m ago from F1Technical.net
Max Verstappen reacts to stunning F1 Lewis Hamilton...
Four-time F1 champion Max Verstappen rolled back... Read More »
6h ago from GPFans.com
Why did Hadjar fail to keep up with the top drivers at the...
Isack Hadjar believes Red Bull extracted the... Read More »
6h ago from F1Technical.net
