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17 Jul 2008
The landmark sale of Super Aguri’s assets on eBay may not go ahead as BDO continues last-minute efforts to secure a buyer.
The move to sell the collapsed Formula 1 team’s assets online at the end of the month is thought to be a first for the UK insolvency market, but it could be scuppered if a buyer is found using conventional means.
Partners from BDO were appointed as liquidators earlier this month after creditors cut their losses and decided to break up the company. Property and other real estate cannot be sold via the internet, but assets including an F1 car are eligible for online disposal.
‘The [online] auction is scheduled to go ahead, but we are working hard to complete a sale beforehand,’ a BDO spokesman said.
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Briefings
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