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New Caterham owners claim they have paid Fernandes

New Caterham owners claim they have paid Fernandes

  • Published on 23 Oct 2014 16:15
  • comments 0
  • By: Rob Veenstra
The investment group that bough Caterham F1 Team earlier this year has issued out a statement in response to a Tweet from former owner Tony Fernandes. He suggested on Twitter that te new owners haven't paid for the team. "If you buy something, you have to pay for it. Quite simple."

The new owners responded with this statemen: "On 29 June 2014 Engavest SA signed a Sale and Purchase Agreement with Tony Fernandes and the Caterham Group to acquire the shares of 1Malaysia Racing Team/Caterham F1. Engavest SA has fulfilled all the conditions precedent, including paying the purchase price for the shares. The shares have not been transferred and therefore Mr Fernandes remains the owner of Caterham F1 and is fully responsible for all its activities."
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