News Details

Fernandes says Caterham’s buyers failed to meet conditions of agreement

dir="ltr" style="line-height:1.15;margin-top:0pt;margin-bottom:0pt;">   October 23rd, 2014 (F1Plus / Rosie Baillie) - Tony Fernandes has hit back at comments from Caterham’s buyers, saying that he did not transfer shares to them as they failed to meet their end of the deal. On Wednesday Engavest SA, a consortium who tried to bought the team at the end of June, accused Fernandes of failing to transfer his shares to them which meant that they do not hold the legal title to the team. Fernandes hit back those claims in a statement saying that he had not transferred the shares because Engavest had not fulfilled ‘any of the conditions in the agreement’. “In...
Full Story »
9y ago from F1Plus.com 0
Share

You May Also Be Interested In...

Caterham buyer says Fernandes still owns team

+ Caterham’s buyer Engavest insists that despite fulfilling its end of...
9y ago from RichlandF1.com

Fernandes blames Caterham buyer for issues

– Tony Fernandes says the Caterham Formula 1 team's buyer is fully...
9y ago from GPUpdate.net

Fernandes blames buyers for Caterham situation

Caterham F1 Team Tony Fernandes says Caterham Formula 1 team buyers...
9y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Acosta: 2024 MotoGP title ‘not the priority' in...

MotoGP rookie Pedro Acosta has outlined that fighting for the 2024 title...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.