However, last week the High Court in England put the company back under Mr Teixeira's control after he secured enough money to shore up the series for at least the next four years. He said he had not been able to confirm team lists until last Wednesday when he finally gained back control of the company, its cars and the equipment.
Since then, it has been a mad rush to get everything sorted for the trip to Australia.
"Right up until Friday there was absolutely nothing I could say," he said. "From today we are moving everything, we are loading the cars on Friday and Saturday to be sent from Europe and to arrive in Australia on Sunday night and Monday morning.
"We never contemplated not being there (on the Gold Coast). The only thing that held us back was because the court trial wasn't until October 6."
Mr Teixeira said the series owed 10 million euros but that would be fully paid along with 5 million euros deposit for the coming season.
He recently announced a new financial package to secure the season, which turned out to be several investors putting up security so banks would lend the series money to pay creditors and kick-start its 2009 season.
"The money will be for up to four seasons," he said.
Mr Teixeira said despite the cars being locked up for months, they had taken them out to prepare them.
"They haven't been locked up as such, that is where we store them anyway," he said. "It is nothing different to previous years ... we've taken them out and taken the cars to Germany."
Mr Teixeira said unlike Formula One cars, the A1GP single-seaters did not need to be replaced each season, and instead had been built for four seasons.
He said rumours that Ferrari had pulled support were untrue and that he had decided to terminate the licensing agreement with the engine manufacturer -- which gave the series merchandising rights - because it was too expensive.
An engine agreement between Ferrari and A1GP still exists.
No comments:
Post a Comment