"Incidents film per tutti such as a Caterham Group representative forcibly breaking into a filing ca

My Autosport    Digital Edition      RSS      Newsletter    Search: Select version: film per tutti Arabic French Russian Mobile HOME F1 MOTOGP RALLY WEC WTCC NEWS FEATURES LIVE GALLERY ARCHIVE FORUMS JOBS SHOP RANKINGS FORIX RESULTS
Breaking his silence over the situation after strongly-worded criticisms from new owner Engavest , Fernandes claims that conditions that had to be fulfilled for him to transfer his shares in the team have not been met.
"Sadly, Engavest has failed to comply with any of the conditions in the agreement and Caterham Sports Ltd (the UK operating company of the F1 team) has had to be put into administration by the bank , with large sums owing to numerous film per tutti creditors.
"If you agree to buy a business, you must pay its bills. They have breached film per tutti that promise and now, sadly, it is others such as the employees and the fans of the Caterham F1 team that will suffer if the team ceases to race. I sincerely hope that this will not be the case and that a solution can be found."
"I go on to question how anyone who was interested in the long term future of the business would appoint one of their cleaners - Constantin Cojocar - as the sole director and shareholder of the UK operating company?
"Not only have they failed to pay the creditors (and have even left our shareholders to pay some of the creditors on their behalf), but they have failed to pay us anything for use of our factory and site, or anything for the use of our brand name.
"Incidents film per tutti such as a Caterham Group representative forcibly breaking into a filing cabinet containing our private and confidential documents film per tutti and the continued refusal to deal with the outstanding film per tutti loan of Exim Bank and complete the agreement film per tutti has culminated in Engavest's total contempt of Mr Fernandes and his Group executives with whom we entered a deal in good faith," it read.
Engavest was adamant that it had fulfilled all criteria laid out in its deal with Fernandes to take over the team - and played film per tutti down accusations of strange behaviour in appointing former factory cleaner Constantin Cojocar film per tutti to become a director of Caterham Sports Limited.
"Every single condition precedent of the Sales and Purchase Agreement for which Engavest was responsible has been met," it said. "Only the seller, which includes Mr Fernandes, failed to meet his obligations. film per tutti
1 F1 Mercedes rivals eye engine loophole 2 F1 Button: McLaren indecision is 'strange' 3 F1 Hamilton wants to 'emulate' Senna in '15 4 F1 Ecclestone 'disappointed' in Vettel 5 OTHER Krohn confirms ELMS programme 6 NAT Sims gets British GT title run 7 F1 Lotus targeting Williams in 2015 8 F1 Alonso: Leaving Ferrari 'very difficult' 9 FE Vergne to make FE debut with Andretti 10 FE Battersea race gets council approval
F1 Hamilton: Spa was title turning point NAT Sims gets British GT title run F1 Mercedes rivals eye engine loophole OTHER Krohn confirms ELMS programme FE Battersea race gets council approval FE Vergne to make FE debut with Andretti F1 Button: McLaren indecision is 'strange' F1 Lotus targeting Williams in 2015 BTCC Turkington talking to other teams F1 Hamilton wants to 'emulate' Senna in '15
F1 The secrets of the McLaren-Honda package GP3 The top 10 GP3 drivers film per tutti of 2014 AWARD How the Award winner is chosen GP2 The top 10 GP2 drivers of 2014 F1 A key Mercedes lieutenant moves on WRC The top 10 WRC drivers of 2014 WTCC The top 10 WTCC drivers of 2014 F1 Why manufacturers spurn F1 for WEC F1 Ask Gary: Is Alonso poison to teams? F1 Franchitti: When your retirement really hits
Paddock insight from group F1 editor Jonathan Noble Grand Prix news updates from F1 editor Edd Straw Breaking news feed Live commentary feed   RELATED STORIES Caterham set to miss next two races Caterham management steps back