The Swiss-based organisation that purchased Caterham F1 in June insisted today that the shares had not been transferred by the previous owners, and that Tony Fernandes thus remains “responsible” for the team.
As the battle of words continues Fernandes said yesterday on Twitter “If you buy something, you should pay for it.”
A statement from the buyer said: “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.”