News Details
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed to comply with conditions agreed when he sold the team in June. Engavest claimed on Thursday that it had paid for the team's shares but was yet to receive them from Fernandes and was stepping back from the team, leaving Fernandes "fully responsible" for its future. However, Fernandes has hit back in his own statement, saying Engavest has not paid off the debts it had agreed to when acquiring Caterham F1. "In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," Fernandes said in a statement. "We agreed in good faith to sell the shares to a Swiss...
Full Story »
Full Story »
You May Also Be Interested In...
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
9y 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...
9y ago from TheF1Times.com
Caterham team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
9y ago from espnF1.com
Caterham F1 on the brink as buyers threaten to pull out
Caterham faces an uncertain future after the team's buyers threaten to...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
15h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
20h ago from Motorsport.com
Martin believes Bagnaia still ‘the favourite'...
Current MotoGP championship leader Jorge Martin pinpoints Francesco...
21h ago from MotorsportWeek.c...
Zarco: Honda 'doesn't need to be pessimistic' about...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire eager for more IndyCar after “amazing”...
No description available...
12h ago from Motorsport.com
Palou plans to study how Dixon made race-winning fuel...
In IndyCar’s Grand Prix of Long Beach held last Sunday, Scott Dixon took...
10h ago from MotorsportWeek.c...
Was Long Beach really Scott Dixon’s greatest IndyCar...
No description available...
14h ago from Motorsport.com
IndyCar Long Beach – Race Results
After a sizeable gap in the calendar, the NTT IndyCar Series took to the...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
16h ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
22h ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
18h ago from MotorsportWeek.c...
Neuville: WRC Croatia not a “disaster” after final...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to make up to four marquee signings this summer
Whether or not Arsenal secure their first Premier League title in 20...
1h ago from CaughtOffside.com
Arsenal approach Newcastle star after reports of...
Bruno Guimaraes' camp has been contacted by Arsenal on a possible summer...
1h ago from CaughtOffside.com
“The difference between Klopp and Arteta” -...
No description available...
12h ago from SportsKeeda.com
Real Madrid 'leading five-club race for key Manchester...
Real Madrid reportedly lead the likes of Arsenal and Barcelona in the race...
1d ago from SportsMole.co.uk
Comments
Hottest News
F1 News Today: 'Game over' for Perez as Red Bull chief...
Sergio Perez has vented his frustration after... Read More »
3h ago from GPFans.com
Alonso: A crazy race!
Fernando Alonso reflected on his 2024 Chinese... Read More »
1h ago from GrandPrix247.com
F1 set for talks over RADICAL change to points rules
Formula 1 is set to debate a significant... Read More »
1h ago from GPFans.com