News Details
If you buy something, you pay for it - Fernandes
Tony Fernandes has hit back at a statement from the Caterham F1 Team which suggests it will take legal action against the Malaysian businessman. It became apparent on Wednesday that the Leafield based F1 team remains under Fernandes' ownership despite a statement in June confirming it was sold to a consortium of Middle Eastern and Swiss investors known as Engavest SA. The statement adds that "the seller (Fernandes) has refused to comply with its legal obligations to transfer their shares to the buyer" therefore leaving the buyer "in the invidious position of funding the team without having legal title to the team it had bought." There is clearly more to the story than...
Full Story »
Full Story »
10y ago from TheF1Times.com
0
You May Also Be Interested In...
Caterham threatens action against Fernandes
Caterham F1 Team
The situation at Caterham has taken another turn as new...
10y ago from F1Zone.net
Fernandes sells Caterham GP2 team
Tony Fernandes
Malaysian entrepreneur Tony Fernandes has completed his...
10y ago from GrandPrix247.com
New Caterham F1 management could withdraw
– The Caterham F1 Team's new management could be forced to...
10y ago from GPUpdate.net
Caterham bosses threaten to quit Formula 1 as it...
Caterham's new 'owners' have threatened to quit the team and the sport...
10y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1h ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
19h ago from Motorsport.com
Joan Mir will ‘go to bed satisfied' after...
Joan Mir admitted that he will "go to bed satisfied" after...
22h ago from MotorsportWeek.c...
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
1d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
4d ago from Motorsport.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Talks held: Club working to keep 80m star as Arsenal's...
Arsenal have identified Juventus left winger Kenan Yildiz as an ideal...
1h ago from CaughtOffside.com
Tick tock: Man United and Arsenal to submit their...
Manchester United are reportedly preparing to table a formal bid for...
1h ago from CaughtOffside.com
Arsenal set to battle Tottenham in race to sign...
As per TBR Football, Arsenal are set to rival Tottenham Hotspur in the...
1h ago from SportsKeeda.com
“That’s why I’m here at Galatasaray” - Leroy...
Leroy Sane has outlined why he turned down multiple approaches, reportedly...
1h ago from SportsKeeda.com
Comments
Hottest News
Hypercar entry handed shock disqualification at Le Mans...
Early drama at the 24 Hours of Le Mans as a... Read More »
5h ago from RacingNews365.com
F1 News Today: Vettel in Red Bull return twist as...
F1 icon Sebastian Vettel has completed a... Read More »
2h ago from GPFans.com
Alpine could offer Horner team stake – Schumacher
Jun.12 Christian Horner really could make the... Read More »
2h ago from OneStopStrategy.com
