The F 1 Cartham team seems to be close to bankruptcy. On Wednesday, the team's management threatened to leave and took legal action against the team's founder, Malaysian businessman Tony Fernandes.
In an explosive statement of Cartham, Fernandez was accused of not actually completing the transfer procedure after claiming to sell the team to an investor from Switzerland and the Middle East in July this year. The statement said that Fernandez is still the effective owner of the team and he should be responsible for the team.
The statement reads: "The seller (Fernandez) refused to fulfill its legal obligations and transferred its shares to the buyer (Engavest SA). Buyers were put in an awkward position and found that the team they bought had no legal ownership. This situation completely violates the seller's statements of 20 14,/kloc-0 10/3 on October that Mr. Fernandez and Cartham Group are no longer associated with Cartham F 1. "
Fernandez is the owner of AirAsia and Royal Garden Wanderers Club in Premier League. Fernandez wrote on his personal Twitter, "If you buy something, you should pay." Fernandez also responded to the above statement through the BBC, calling it "garbage".
After entrusting a service company in Cartham, it seems that the team's equipment will be stranded in the British factory, and the date of the next F 1 American Grand Prix is approaching. It seems that this team has arrived in do or die.
Carterham team has not won any championship points from its establishment on 20 10 to its participation in the F 1 championship on 20 14 in June.