News Details
Fernandes blames Caterham buyer for issues
– Tony Fernandes says the Caterham Formula 1 team's buyer is fully responsible for its ongoing problems, claiming that it failed to meet the required conditions for him to transfer his shares in the outfit.Following repeated claims from new owner Engavest, Fernandes released a statement of his own on Thursday, in which he claims the firm was required to pay "existing and future" creditors for the shareholding to change.The Malaysian businessman says this has not happened, which is the reason for him retaining ownership."In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," said Fernandes."We agreed in good faith...
Full Story »
Full Story »
11y ago from GPUpdate.net
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...
11y ago from RichlandF1.com
Caterham F1 buyer says Fernandes remains owner
Caterham F1 Team
Caterham's new buyer insists that it has adhered to all...
11y ago from F1Zone.net
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
Caterham bosses threaten to quit Formula 1 as it...
Caterham's new 'owners' have threatened to quit the team and the sport...
11y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia “humiliated” by latest MotoGP...
No description available...
1h ago from Motorsport.com
Winners and losers from MotoGP's fascinating Aragon GP
No description available...
2h ago from Motorsport.com
What Pedro Acosta was missing in Aragon GP win fight...
No description available...
17h ago from Motorsport.com
Marc Marquez reveals "big mistake" that made...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas: “Chevy let us down” after missing...
No description available...
7h ago from Motorsport.com
From “Lost puppy” to history maker: Pato O’Ward...
No description available...
8h ago from Motorsport.com
Alex Palou claims fifth IndyCar title in record time:...
No description available...
8h ago from Motorsport.com
Complete IndyCar championship standings after 2026...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier apologises for “out of line”...
No description available...
8h ago from Motorsport.com
Hayden Paddon answers doubters with “proper” WRC...
No description available...
10h ago from Motorsport.com
Sami Pajari “stunned” by WRC record after third...
No description available...
11h ago from Motorsport.com
Sami Pajari makes WRC history with third consecutive...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Uncertainty still shrouding Alvarez's...
No description available...
2h ago from SkySports.com
“Not good enough really” - John Terry tells Xabi...
Chelsea legend John Terry has told new boss Xabi Alonso that the Blues...
2h ago from SportsKeeda.com
Sources: Arsenal make ‘generational' talent...
Arsenal remain interested in Bournemouth striker Eli Junior Kroupi despite...
4h ago from CaughtOffside.com
Why Arsenal still needed Konsa - despite having so...
The final hours of the transfer window could see Arsenal bring in an...
3h ago from SkySports.com
Comments
Hottest News
Mercedes name 'priority decision' key to Kimi...
Mercedes has offered further insight into its... Read More »
1h ago from RacingNews365.com
'Absolute horror': Toto Wolff endured family tragedy at 15,...
Mercedes team principal Toto Wolff has opened up... Read More »
1h ago from GPFans.com
Klien says Red Bull was never leaving F1 without Max
Aug.31 Christian Klien has dismissed suggestions... Read More »
3h ago from OneStopStrategy.com
