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SHEIKH MAKTOUM BIDS FAREWELL TO A1GP.
(Full text of a statement. Contact details follow below.)
LONDON--(BUSINESS WIRE)--Sept.
29, 2006--Delighted with his motorsport creation, A1 Grand Prix Founder and Chairman Sheikh Maktoum Bin Hasher Al Maktoum will soon be completing a multi-million dollar transaction that will see financial institutions acquire all of his A1 Grand Prix (A1GP) stock and his A1GP, World Cup of Motorsport brand.
Reflecting on the past four years, Sheikh Maktoum said: "I am happy.
I've built the series with fans in mind; I feel like I've fulfilled my promise to them by bringing A1 from concept to reality.
Now, as long as my vision is properly maintained, the fans will continue to love the World Cup of Motorsport."
The all cash transaction is completing within thirty days and was formally agreed on 18 May 2006.
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Source: HighBeam Research, SHEIKH MAKTOUM BIDS FAREWELL TO A1GP.