Have Team Modena gone in to administration???
Discussion
Just been e-mailed this from a friend: http://www.hilcoind.com/sales/sale.asp?SALE_ID=165...
Went on google, looked for them in the seach and the name came up but not website when you clicked on it!?!
Anyone hear about this?
Also you can buy THE WHOLE of A1GP: http://www.racecar.com/Motorsport/News/A1GP-comple...
Would love to know how much that lot will cost someone!?!?
Sorry if either of these are reposts.
Went on google, looked for them in the seach and the name came up but not website when you clicked on it!?!
Anyone hear about this?
Also you can buy THE WHOLE of A1GP: http://www.racecar.com/Motorsport/News/A1GP-comple...
Would love to know how much that lot will cost someone!?!?
Sorry if either of these are reposts.
StuartMcKay said:
Just been e-mailed this from a friend: http://www.hilcoind.com/sales/sale.asp?SALE_ID=165...
Went on google, looked for them in the seach and the name came up but not website when you clicked on it!?!
Anyone hear about this?
Also you can buy THE WHOLE of A1GP: http://www.racecar.com/Motorsport/News/A1GP-comple...
Would love to know how much that lot will cost someone!?!?
Sorry if either of these are reposts.
Seems to be just the UK branch of the team that ran in British GT thats gone as the parent compnay site is still up and they appear to be running in something (LMS?) in 2010.Went on google, looked for them in the seach and the name came up but not website when you clicked on it!?!
Anyone hear about this?
Also you can buy THE WHOLE of A1GP: http://www.racecar.com/Motorsport/News/A1GP-comple...
Would love to know how much that lot will cost someone!?!?
Sorry if either of these are reposts.
Edited by Marc W on Monday 15th March 13:02
No need for anyone to get their knickers in a twist on this one Gents.
Rik Bryan (of TDF Blue FXX and Morrisons supermarket fame) was 50/50 Owner of Team Modena with Graham Shultz (of Lambo HW fame). Graham decided to do his own thing in the 2010 season and Rik wasnt best pleased. Graham resigned as a Director of Team Modena and closed down its funding (making the biz insolvent)...long story behind this but they parted and Rik's advisors advised him to buy Graham out and put the biz into Administration - which conveniently could be used for a substantial amount of tax relief for him.
Rik Bryan (of TDF Blue FXX and Morrisons supermarket fame) was 50/50 Owner of Team Modena with Graham Shultz (of Lambo HW fame). Graham decided to do his own thing in the 2010 season and Rik wasnt best pleased. Graham resigned as a Director of Team Modena and closed down its funding (making the biz insolvent)...long story behind this but they parted and Rik's advisors advised him to buy Graham out and put the biz into Administration - which conveniently could be used for a substantial amount of tax relief for him.
Mosi said:
No need for anyone to get their knickers in a twist on this one Gents.
Rik Bryan (of TDF Blue FXX and Morrisons supermarket fame) was 50/50 Owner of Team Modena with Graham Shultz (of Lambo HW fame). Graham decided to do his own thing in the 2010 season and Rik wasnt best pleased. Graham resigned as a Director of Team Modena and closed down its funding (making the biz insolvent)...long story behind this but they parted and Rik's advisors advised him to buy Graham out and put the biz into Administration - which conveniently could be used for a substantial amount of tax relief for him.
Rik Bryan (of TDF Blue FXX and Morrisons supermarket fame) was 50/50 Owner of Team Modena with Graham Shultz (of Lambo HW fame). Graham decided to do his own thing in the 2010 season and Rik wasnt best pleased. Graham resigned as a Director of Team Modena and closed down its funding (making the biz insolvent)...long story behind this but they parted and Rik's advisors advised him to buy Graham out and put the biz into Administration - which conveniently could be used for a substantial amount of tax relief for him.
But the bottom line is that they have gone belly-up and into administration and that the team has ceased to exist.
So in answer to the thread's subject....yes.
Edited by touring fan on Wednesday 17th March 18:54
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