News Details
Caterham management threatens to leave
New clouds have gathered over the Caterham F1 Team as new owners have threatened to pull the plug on the team, claiming that Tony Fernandes, former owner of the team, is not completing the transaction as deemed necessary.
A press release made by the team states: 'Since the date of the sales Agreement on 29 June 2014, the former owner has refused to comply with its legal obligations to transfer their shares to Engavest. The Buyer has been left in the invidious position of funding the team without having legal title to the team it had bought. This is in total contradiction to the Seller’s press release of 3 October 2014 which stated that Mr Fernandes and his Caterham Group had no longer any...
Full Story »
Full Story »
11y ago from F1Technical.net
0
You May Also Be Interested In...
Caterham F1 owners could quit over ownership row
Sutton Images Enlarge Caterham's current owners have threatened to...
11y ago from espnF1.com
Caterham F1 future in fresh doubt
Further doubt has been cast on the future of the Caterham team following...
11y ago from BBC.co.uk
Tony Fernandes sells Caterham GP2 outfit to Status GP
Tony Fernandes sells Caterham GP2 outfit to Status GPPosted On 17 Oct...
11y ago from ThisIsF1.com
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
Elsewhere On The Network
Popular On MGPToday.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
2d ago from MotorsportWeek.c...
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
2d ago from Motorsport.com
How Aprilia believes it “overreached our target”...
No description available...
2d ago from Motorsport.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
4d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
5d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
4d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak looking forward to break from full-time...
No description available...
1h ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
18h ago from Motorsport.com
What Elfyn Evans was missing in his 2025 WRC title...
No description available...
17h ago from Motorsport.com
Sebastien Ogier wins 9th WRC title, Thierry Neuville...
Sebastien Ogier won his ninth WRC title in Saudia Arabia and Vincent...
23h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'They don't need me, but I'm a big supporter' - Arsene...
Arsene Wenger has claimed that Arsenal are currently the best club in the...
1h ago from SportsKeeda.com
'They will be the nearest challengers' - Tim Sherwood...
Tim Sherwood believes Manchester City will be a bigger title challenger...
4h ago from SportsKeeda.com
Few changes but lots of options for Chelsea away
Morning. It's another big one today as we travel to Stamford Bridge to...
3h ago from Arseblog.com
Chelsea vs Arsenal Prediction and Betting Tips | 30th...
The Premier League features a high-profile match between two of England's...
15h ago from SportsKeeda.com
Comments
Hottest News
Tsunoda-Honda twist emerges in Red Bull's 2026 plans
Nov.30 Red Bull will finally end months of... Read More »
4h ago from OneStopStrategy.com
Charles Leclerc reveals dire Ferrari situation in 'stupid...
Charles Leclerc cut a crestfallen figure after... Read More »
58m ago from RacingNews365.com
Former F1 star once friends with Lewis Hamilton 'arrested'...
Adrian Sutil, a former F1 star once friends with... Read More »
1h ago from GPFans.com
