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BimBo29
champcarnut
Joined: 04 Aug 2007
Posts: 2052
Location: Riverdale, Hell's Kitchen, Greenwich Village, Lower Eastside, Astoria, Flushing, Jones Beach, etc.
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 Posted: Fri Nov 06, 2009 11:02 am Post subject: |
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China, Malaysia canned => http://www.crash.net/a1gp/news/154421/1/china_malaysia_canned.html
Wonder who will buy those ugly Lola cars and what will they do with them. Maybe Palmer will think of something.  
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SeventhGear
champcarguru
Joined: 22 Oct 2005
Posts: 1498
Location: Bermuda Triangle
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| Posted: Thu Jan 28, 2010 3:13 pm Post subject: |
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| AutoWeek wrote: |
A1GP to be sold
by Gary Watkins
A London court has cleared the way for the sale of the A1GP single-seater racing series.
The High Court ruled last week that the administrators of A1GP Operations, the company which ran the one-make series, had "better title" to the assets than A1GP boss Tony Teixeira's holding company.
Administrator Tim Bramston explained that he is now able to proceed with the sale, which will include the 25 Ferrari-powered A1GP cars used in the final year of the series in 2008-09.
Bramston said that he wants to sell A1GP as a whole to secure "the best price" for the creditors of the operations company.
"People have expressed interest in the past," he said, "but I would like there to be a proper marketing process and can't comment further."
Asked whether Teixeira will be able to bid for the assets, Bramston stated only that they will go to the highest bidder. Teixeira has repeatedly stated that he intends to relaunch the series, most likely with a one-off race early this year before a full season over the winter of 2010-11.
The assets for sale include all the jigs and molds needed to manufacturer the cars, seven spare Ferrari V8 engines and assorted chassis parts. The ownership of 10 Lola chassis used during the series' first three years is still subject to court proceedings.
A1GP Operations went into liquidation in the summer with debts of nearly £100 million ($162 million), which included £80 million ($129 million) owed to A1GP Holdings. It was subsequently moved into administration as a precursor to a sale. |
Article URL: http://autoweek.com/apps/pbcs.dll/article?AID=/201001281034/MOTORSPORTS/100129928
Don't know who is going to buy this leftover crap but one thing is for sure - there is no more "A1GP".
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KarnEvil9
champcarguru
Joined: 25 Oct 2004
Posts: 1799
Location: Brain Salad Surgery at Fillmore East in NYC
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| Posted: Thu Mar 11, 2010 10:01 am Post subject: |
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| Autosport wrote: |
A1GP assets up for sale
The assets of the A1GP championship have been put up for sale by the Administrator and Liquidator acting for the series' organisers.
Twenty of the Powered by Ferrari second generation cars are available, plus 12 of the original Lola-Zyteks used for A1GP's first three seasons.
Maserati and Ferrari sports cars used as safety and medical cars are also being sold off as well as a large amount of spares and team equipment.
A1GP collapsed due to financial problems on the eve of its planned 2009/2010 season last autumn.
Offers are being invited for the entire package of cars and equipment, but the assets will be sold off individually if no buyer steps forward to acquire the full list. |
That's all she wrote - end of story. 
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stmookeyj
champcarmanic
Joined: 20 Aug 2004
Posts: 881
Location: Australia
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| Posted: Thu Mar 11, 2010 2:08 pm Post subject: |
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Reckon any series or anyone thinking of starting a series would buy the race cars?
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BimBo29
champcarnut
Joined: 04 Aug 2007
Posts: 2052
Location: Riverdale, Hell's Kitchen, Greenwich Village, Lower Eastside, Astoria, Flushing, Jones Beach, etc.
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