136:, with the club having "respected the families' privacy" beforehand. In a response to the press release, Anwar Shafi, a member of the Shafi family, denied that he had a connection with the club or an investment in Qadbak. The club subsequently released a further statement, purporting to be from the Hyat/Shafi Family Trust and its head, Sardar Hyat, confirming its involvement with Qadbak and Notts County.
161:
As of 18 November 2009, German automobile manufacturer BMW was still the official owner of BMW Sauber
Formula One team and continued to pay the salaries of their approximately 400 employees. On 27 November, BMW announced that it was to sell the team to Peter Sauber instead of Qadbak. A spokesman for
182:
On 10 December 2009, BBC Nottingham reported that Munto
Finance had put Notts County up for sale. On 12 December 2009, it was announced that Notts County chairman, Peter Trembling purchased the club for a nominal fee from Munto Finance. In February 2010, Trembling sold it on for £1 to Ray Trew, and
143:
announced that Notts County's owners had met its "fit and proper persons" regulations, and that while their structure was "complicated" and featured "both offshore entities and discretionary trusts", it had provided "extensive disclosure" to the League on their ownership structure. The League also
115:
Contrary to reports by the
British media, the source of Qadbak's finances was partially known to the Notts County Supporters' Trust, who were bound to a confidentiality agreement due to the takeover. On 27 September 2009, Notts County released a statement in which it revealed two families who were
147:
By
November 2009, it was becoming clear that Qadbak and its subsidiaries did not have funds to invest. Rothschild denied being involved in any financial transaction between Qadbak and BMW; they merely acted as BMW's adviser. On 27 November 2009
152:
revealed that
Eriksson had demanded immediate payment of the multimillion-pound sum under the terms of his recruitment by Notts County. A few weeks later Notts County was in fact £7 million in debt and it was resold in December to a new owner.
162:
BMW was reported in the
Guardian newspaper as saying that the combination of no legally effective contract and no starting place on the grid caused the deal with Qadbak to be cancelled. If the Qadbak deal had been put in place, former
95:
The company had been represented during the BMW Sauber negotiations by Lionel
Fischer, a Swiss national, and two of its representative directors on the Notts County board, Peter and Nathan Willett, who appointed
64:
from both Notts County and BMW, to represent the collective interests of "certain Middle
Eastern and European-based families". In November 2009, it was discovered that Qadbak Investments had no such investors.
723:
57:. In September 2009, it was announced that they had agreed to purchase the BMW Sauber Formula One team, hastening its return to the F1 fold, however this agreement was never concluded.
78:
53:
The company first came to public prominence in July 2009 upon their purchase of Notts County via its subsidiary Munto
Finance. They were advised in the deal by con-man
73:
Details concerning the source of the company's finances were kept confidential, with both initial and later reports and official press releases stating that it was "
77:-based". Later reports stated that the company, as well as its subsidiary Munto Finance, were registered in the British Virgin Islands, what has been confirmed by
574:
116:
purportedly involved in the trust which owns the club, the Shafi and Hyat families, both "noted business families" with "numerous investments" in the
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112:, whose managing director Meyrick Cox had stated that Qadbak was "a wholly reputable organisation".
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were advised during the planning phases of Qadbak's takeover by leading
British investment bank
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39:
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stated that public disclosure of their ownership structure was a "matter for the club".
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232:“Sven-Goran Eriksson demands 'ambassador' payment from company linked to Notts County”
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Qadbak Investments was purported by numerous sources, including official
550:"Football League says Notts County owners are 'fit and proper persons'"
27:
430:"Man behind Notts County deal has £2m assets frozen by Jersey courts"
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129:
634:"Peter Trembling vows to sue Munto Finance over Notts County losses"
381:“Notts County money men behind a tangled web of confused companies”
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458:"Notts County reveal Shafi and Hyat families as club investors"
401:"Notts County investor revelations leave questions unanswered"
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on 24 September 2009 after a request made by Swiss newspaper
487:"I have nothing to do with Notts County, says Anwar Shafi"
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Further details only came out a year later, through the
519:"Anwar Shafi: I have nothing to do with Notts County"
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British Virgin Islands Financial Services Commission
724:Investment companies of the British Virgin Islands
16:British Virgin Islander investment vehicle company
693:"BBC One - Panorama, The Trillion Dollar Con-Man"
307:"BMW Sauber, official press release, 2009-09-15"
268:BMW F1 team sold to Swiss-based investment group
668:"Notts County and the bizarre takeover of 2009"
621:"Peter Trembling secures Notts County takeover"
329:"Einen Moment bitte, die Ausgabe wird geladen"
42:for £1, and for a failed attempt to purchase
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485:Praverman, Frank (7 October 2009).
632:James, Stuart (13 February 2010).
14:
600:"Notts County is put up for sale"
280:"Notts County takeover completed"
104:. German automotive conglomerate
666:Reardon, Harry (13 April 2016).
517:Walsh, Declan (7 October 2009).
428:Matt Scott (24 September 2009).
399:Matt Scott (28 September 2009).
183:was threatening to sue Munto.
1:
157:Failure of Sauber acquisition
602:. BBC News. 10 December 2009
174:would have driven for them.
466:. London. 27 September 2009
195:The Trillion Dollar Con Man
740:
556:. London. 20 October 2009
282:. BBC News. 14 July 2009
139:On 20 October 2009, the
24:British Virgin Islands
20:Qadbak Investments Ltd
352:(27 September 2009).
672:These Football Times
178:Sale of Notts County
168:Giancarlo Fisichella
102:director of football
30:which served as the
309:. Bmw-sauber-f1.com
98:Sven-Goran Eriksson
69:Ownership structure
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700:. Retrieved
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649:. Retrieved
638:The Guardian
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604:. Retrieved
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589:, 2009-11-18
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577:, 2009-11-07
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558:. Retrieved
554:The Guardian
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529:. Retrieved
524:The Guardian
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497:. Retrieved
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470:27 September
468:. Retrieved
463:The Guardian
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442:29 September
440:. Retrieved
435:The Guardian
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413:29 September
411:. Retrieved
406:The Guardian
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394:
389:, 2009-09-30
386:The Guardian
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366:27 September
364:. Retrieved
359:The Guardian
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311:. Retrieved
284:. Retrieved
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253:, 2009-11-22
238:, 2009-11-27
236:The Guardian
219:, 2009-09-27
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150:The Guardian
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55:Russell King
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40:Notts County
19:
18:
118:Middle East
44:Formula One
26:registered
587:20 Minuten
560:20 October
313:13 October
286:13 October
201:References
126:Kazakhstan
110:Rothschild
62:statements
48:BMW Sauber
646:0261-3077
531:7 October
499:7 October
492:The Times
718:Category
527:. London
495:. London
438:. London
409:. London
362:. London
190:Panorama
166:drivers
36:football
91:History
32:vehicle
28:company
702:6 June
677:6 June
651:6 June
644:
606:22 May
164:Sauber
130:Europe
22:was a
122:Japan
75:Swiss
46:team
38:club
704:2023
679:2023
653:2023
642:ISSN
608:2010
562:2009
533:2009
501:2009
472:2009
444:2009
415:2009
368:2009
315:2009
288:2009
188:BBC
170:and
132:and
697:BBC
106:BMW
100:as
720::
695:.
670:.
640:.
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552:.
541:^
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509:^
489:.
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403:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
