Tony Fernandes has responded to the Caterham press release saying on Twitter that “If you buy something you should pay for it. Quite simple”. This does not help the situation. The team was worth next to nothing when the owners acquired it in June. The impression given was that the previous owners wanted to get out without spending more money. If the sale has not been completed, as he is suggesting, then the team still legally belongs to The previous owners and so they are responsible for the mess in the UK and they can solve the problem by paying the bank that has called in the administrator.
If the sale has been completed properly then the shares should have changed hands, as would normally happen. Clearly there is more to this than meets the eye but all of these questions should be answered by the paperwork relating to the sale. If there were hidden debts that were not included in the documentation, there is possibly scope for legal action. If there were pledges on shares then these should have been declared in the sale contract.
We will have to wait to see the rights and wrongs of the situation. However, this does not help the staff of Caterham, who seem to be stuck between the two parties to the sale. The danger is that this dispute will now mess things up and the team will close and jobs will be lost.