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...
10y 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...
10y ago from TheF1Times.com
Caterham team is Fernandes' responsibility, say buyers
Getty Images Enlarge The group of investors that have been running...
10y 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...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
How 2025 became Marc Marquez’s most dominant MotoGP...
No description available...
22h ago from Motorsport.com
Unpacking the art of value betting in MotoGP
Value betting in MotoGP is a strategic blend of data analysis,...
1d ago from MotorsportWeek.c...
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
4d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou will not play it safe in Portland to secure...
No description available...
18h ago from Motorsport.com
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
2d ago from MotorsportWeek.c...
Colton Herta praises IndyCar's delayed cautions;...
No description available...
1d ago from Motorsport.com
The winners and losers from IndyCar’s Grand Prix of...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
4d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ready to sell 'incredible' first-team star to...
Arsenal could look to cash in on the Belgian attacker Leandro Trossard...
1h ago from CaughtOffside.com
'It's very, very hard, but I think it's doable' - Sol...
Former Arsenal centre-back Sol Campbell has claimed that replicating the...
38m ago from SportsKeeda.com
What's left?
Good morning. I'm back in Dublin and I've had a decent night's sleep, so I...
2h ago from Arseblog.com
Agreement reached: Liverpool beat Arsenal to the...
Liverpool have secured a deal to sign promising young striker Will Wright...
4h ago from CaughtOffside.com
Comments
Hottest News
Breaking: Audi announces title sponsor for new F1 team
Audi is joining F1 in 2026, and has bagged a new... Read More »
3h ago from RacingNews365.com
2026 cars promise relief from F1's wet weather crisis
Jul.30 Formula 1 hopes its all-new 2026 cars... Read More »
58m ago from OneStopStrategy.com
Bottas ‘close' to Cadillac deal as Alpine door narrows
Jul.30 Valtteri Bottas is closing in on a... Read More »
58m ago from OneStopStrategy.com
