A1GP goes into liquidation, but seeking buyers

by David Jetuah

More from this author

26 Feb 2010

  • Comments

Insolvency chiefs from Bridge Business Recovery have been appointed as liquidators of motor racing outfit A1 GP's parent company.

However the firm says it is extremely confident of finding a buyer for the A1 Grand Prix series by selling the assets as a whole package.

Tony Murphy and James Bradney have started selling the assets of the company’s operation ideally with a view of the buyer re-launching the A1 Grand Prix series in some form in the near future.

Assets include Lola racing cars, parts and spares, and also the intellectual property Rights to the A1 Grand Prix series logos and brands.

Murphy said:"Although it is still early days we are highly confident that a buyer can be found for the company’s assets and with it the prospect of the A1 Grand Prix series returning to our TV screens at some point in the near future. "

A1 Grand Prix collapsed last summer following a winding Up order being made in the High Court against the operating company, which was subsequently placed into administration in October.

Launched in 2004, millions of people watched nations pit their driving skills against each other in identical Lola cars over a series of 12 weekends.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

conservatoire-for-dance-and-drama

Finance-Director-part-time

Conservatoire for Dance and Drama, London, Permanent, Part Time, £60,000 pro rata

 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.