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Fernandes hits back at Caterham buyer claims
Tony Fernandes has hit back at claims by Caterham's buyer, Engavest SA, after they claimed to have "met all agreed obligations" in order for him to transfer his shares in the team to them. Fernandes however claims that this isn't true, and he has therefore refused to hand over his shares, leaving him as the legal owner of the Caterham outfit. The Malaysian businessman released a statement on Thursday in order to explain the situation further. He claims a term of the sale was for Engavest to "pay all current and future creditors" - something he claims they have not done. "In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1...
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9y ago from TheF1Times.com
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