LONDON (AP) β Confusion surrounds the future of struggling Formula One team Caterham amid a legal dispute between the old and new owners.
A strongly worded Caterham statement on behalf of a Swiss and Middle Eastern consortium that took over the team in June from Tony Fernandes threatened action against the Malaysian tycoon.
The consortium says Fernandes, along with two other former owners, have failed to transfer shares that would guarantee their purchase of the team, and so have withdrawn all management.
Fernandes, who runs airline AirAsia and English Premier League club Queens Park Rangers, has effectively been informed he is again in charge four months after seemingly ending his involvement with Caterham.
Fernandes wrote on Twitter: “If you buy something you should pay for it. Quite simple.”
