News Details
Fernandes blames buyers for Caterham situation
Caterham F1 Team
Tony Fernandes says Caterham Formula 1 team buyers Engavest SA did not comply to the conditions agreed when the squad was sold earlier this year.
Caterham's situation remains unclear after a series of accusations over the past 24 hours, with Engavest SA claiming that Fernandes did not transfer shares and then later insisting that they adhered to all of the conditions of the sale.
But Fernandes, who co-founded the team ahead of the 2010 season, has hit back and says that Engavest SA has not fulfilled its obligations.
"In June 2014, I decided, together with my co-shareholders, to sell my stake in the Caterham F1 team," said Fernandes in a statement issued on...
Full Story »
Full Story »
11y ago from F1Zone.net
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
Fernandes: Caterham F1 buyers to blame
Tony Fernandes says Caterham F1 Team's buyers - Engavest SA - have failed...
11y ago from Crash.net
Caterham F1 on the brink as buyers threaten to pull out
Caterham faces an uncertain future after the team's buyers threaten to...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
VR46 an option for Pedro Acosta, but priority is a...
No description available...
7h 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...
10h ago from MotorsportWeek.c...
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
13h ago from Motorsport.com
Aprilia Racing presents 2026 MotoGP livery
Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
13h ago from MotorsportWeek.c...
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...
5h ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
7h ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
8h 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 11: Mattias Ekstrom leads Ford...
No description available...
13h ago from Motorsport.com
Dakar 2026, Stage 10: Mathieu Serradori wins as Nasser...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Berta eyes bold move, Arsenal poised to trump rivals...
Arsenal are very interested in signing the Rennes defender Jeremy Jacquet....
4h ago from CaughtOffside.com
Nottingham Forest vs Arsenal Prediction and Betting...
The Premier League is back in action with another round of matches this...
5h ago from SportsKeeda.com
'I didn’t think he had it in him' - Jimmy Floyd...
Former Chelsea hitman Jimmy Floyd Hasselbaink has said that he had doubts...
5h ago from SportsKeeda.com
Eking more out of the Arsenal attack
I listened with great interest to the half-season data review on the...
8h ago from Arseblog.com
Comments
Hottest News
Ford slams ‘patently absurd’ Cadillac claims as F1...
Formula 1 hasn’t even reached the starting grid... Read More »
3h ago from F1i.com
How to watch Red Bull livery launches as Verstappen and...
Max Verstappen and Daniel Ricciardo are set to... Read More »
3h ago from F1i.com
New boss reveals team 'sick' of Lewis Hamilton saying
A new boss has revealed how he used the wise... Read More »
9h ago from GPFans.com
