News Details
Caterham buyer says Fernandes still owns team
+ Caterham’s buyer Engavest insists that despite fulfilling its end of the purchase, Tony Fernandes failed to transfer shares following his sale of the team in June, and therefore remains responsible for the outfit.
Caterham released a strongly worded statement on Wednesday evening claiming Fernandes had failed to transfer the relevant shares to the new buyers following the team’s sale ahead of the British Grand Prix.
This prompted the Malaysian to tweet: 'If you buy something you should pay for it. Quite simple.'
However, Envagest, the Swiss-based buyer of Caterham, released a statement on Thursday insisting that it had fulfilled all the conditions of its agreement with Fernandes....
Full Story »
Full Story »
11y ago from RichlandF1.com
0
You May Also Be Interested In...
Caterham buyer insists they've met all obligations
Caterham's new management team insist they have honoured all agreements...
11y ago from TheF1Times.com
Caterham F1 buyer says Fernandes remains owner
Caterham F1 Team
Caterham's new buyer insists that it has adhered to all...
11y ago from F1Zone.net
Buyer says Fernandes still owns Caterham F1
– The consortium that purchased Caterham at the end of June has...
11y 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...
11y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
2h ago from Motorsport.com
VR46 an option for Pedro Acosta, but priority is a...
No description available...
23h ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
21h ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
23h ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
5h ago from Motorsport.com
Dakar 2026, Stage 11: Mattias Ekstrom leads Ford...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Here we go: Arsenal & Liverpool transfer target...
Manchester City reportedly look to be closing in on the £20m transfer of...
2h ago from CaughtOffside.com
Chelsea rival Arsenal & Man Utd for 30m wonderkid...
Chelsea are ready to rival the likes of Arsenal and Manchester United for...
4h ago from CaughtOffside.com
“That’s what he has to try” - Mikel Arteta sends...
Arsenal boss Mikel Arteta has told Viktor Gyökeres to be ‘really good...
3h ago from SportsKeeda.com
Just In: Man City make progress to sign Arsenal and...
Manchester City have taken a major step forward in their pursuit of...
4h ago from CaughtOffside.com
Comments
Hottest News
Red Bull hail fulfilment of 'dream of one man' at Detroit...
Red Bull Team Principal Laurent Mekies has paid... Read More »
48m ago from MotorsportWeek.com
Red Bull 'on the limit' of F1 rules after Mercedes 'trick...
Red Bull's power unit boss Ben Hodgkinson has... Read More »
5h ago from RacingNews365.com
Why Mercedes believes Antonelli has a rare F1 advantage
As Mercedes heads into Formula 1’s technical... Read More »
1h ago from F1i.com
