Will A1GP Survive?
Total Voters: 56  Loading ... |
Last week the British arm of A1 Grand Prix (A1GP) collapsed, raising concerns about the future of A1GP.
The company – which is responsible for much of the group’s day-to-day operations, such as looking after the cars – went into liquidation last Wednesday.
A spokesperson for A1 Grand Prix Operations Limited said: “Like many other companies in today’s difficult economic environment, we had cashflow problems and we haven’t been able to pay them (the suppliers).”
Also a recent comment on Crash.net by Steve Middleton says….
I am from the company who wound A1GP up, their ability to pay their bills was unfortunately, utterly appaling. There were quite a few other companies with barristers at the “winding up” hearing who were owed substancial amounts more than me.
I also know of many other sub contractors who are owed a great deal who didn’t take the “legal route” and have just been fed the continuing pack of lies of “the money will be here in three days etc”….
It is a fairly close knit community between us “sub contract suppliers” who are all finding it difficult in the current climate. For a company such as A1GP to pop up and use the services of us all then abuse our skills they should be ashamed.
…. which he followed one hour later with ….
One of my concerns is that I’m sure there are many of us who have had our fingers burnt by A1GP this time round but there are still a lot of professional sub contract companies out there who are not aware.
Will A1GP pop up again under a different name and abuse the next batch of subbies, we are decent professional companies who actually make things for a living, me manufacture parts using skills we learnt as apprentices, I’m proud of what we do and most of us all supply the Formula 1 industry, we are a fading breed of skilled british people and without us the hi tech world of motorsport would struggle, someone has to make the parts!
A1GP thinking about F1…..not a chance.
We have known since before Season 4 started that A1GP had financial problems and anyone who attended the final round at Brands Hatch could see it was cut down to the bone.
It just depends if the statement made by Tony Texeira can be believed, “According to (A1GP chairman) Tony Teixeira he has just undertaken a deal that will financially secure A1 the next season and the season after,” according to A1Team.AUS seat holder Alan Jones “He has assured me he has secured funding and is very bullish about the future of it (A1GP).”
As per usual with A1GP we will just have to wait and see!
So I decided to google ’steve middleton’ and linkedin gave me a lot of Steve Middletons Only 2 or 3 of them have both a job and a location that could be interesting, however with so few connections for all of them to make me wonder.
and er.. I seriously doubt all F1 teams pay all their bills in time. I reckon they don’t.