Two rival bids have been received by administrators handling the sale of the assets of the defunct A1GP World Cup of Motorsport championship.
A1GP Operations’ administrator has confirmed receipt of two bids made last week for the championship’s assets, which includes its fleet of Ferrari-powered single-seaters used in the championship’s fourth and final season in 2008-9.
Both bidders – one from Australia and the other from the Netherlands – are seeking to revive the one-make championship series, which pitted single-car entries representing developed and burgeoning motorsport nations.
Founded by Dubai’s Sheikh Maktoum Hasher Maktoum Al Maktoum, the series had its first race in 2005. Later on, the series’ controlling interests were sold to South African business Tony Teixeira, who progressively ran the championship into the ground until its collapse in 2009.
The championship ran a double-race format during the traditional motorsport off-season, featuring entries from motorsport powerhouses like Great Britain, France, Germany and the Netherlands, as well as developing markets like China, Lebanon, Pakistan and India.
The championship was a haven for both former and aspiring F1 stars, with the likes of Jos Verstappen, Narain Karthikeyan, Alex Yoong, Nelson Piquet Jr, Robert Doornbos and Nico Hülkenberg among its highest-profile drivers.
We reported back in April that the Dutch-based investment group Primrose had purchased the rights to the sport, but little further has been heard of that. It is not yet known – although it can reasonably be assumed – that Primrose is the Dutch-based bidder referred to in this latest speculation.
“We have received two bids and are waiting to see who can complete first and then go from there,”said Vijay Chandra, who represents Griffins Insolvency Practitioners, the firm handling the insolvency.
“But that process doesn’t preclude another party coming forward before a sale is completed.”