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
Exclusive: Jorge Martin finalising two-year Yamaha...
No description available...
7h ago from Motorsport.com
Exclusive: Honda signs Fabio Quartararo for 2027...
No description available...
12h ago from Motorsport.com
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
1d ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
D.C. race "would be massive opportunity for...
No description available...
1d ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
2d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
3d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
4h ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'They gave us a bit of hope' - Manchester City star...
Manchester City midfielder Bernardo Silva has said that Arsenal dropping...
2h ago from SportsKeeda.com
Scouting mission confirmed: Man Utd step up move for...
Manchester United have been linked with Nathaniel Brown in recent weeks,...
4h ago from CaughtOffside.com
Paul Merson predicts Leeds vs Arsenal, Tottenham vs...
Some unbelievable stuff happened in the Premier League last weekend! I...
6h ago from SportsKeeda.com
Little bugs
When I zoom out, it does feel a little strange to be convening a crisis...
4h ago from Arseblog.com
Comments
Hottest News
Radical Aston Martin breaks cover as revolutionary design...
RacingNews365 technical analyst Paolo Filisetti... Read More »
1h ago from RacingNews365.com
Adrian Newey’s first Aston Martin F1 car makes its debut...
Aston Martin has finally joined the Barcelona... Read More »
3h ago from F1Technical.net
TECH: How Adrian Newey has taken bold steps with Aston...
Amid information blackouts and trickles of... Read More »
1h ago from MotorsportWeek.com
