Pollock blocks BAR sale

Former BAR team principal Craig Pollock has taken legal action to block the proposed buy-in to his former team by Honda, according to this week's Autosport magazine

Pollock blocks BAR sale

Pollock, along with Adrian Reynard and Rick Gorne retains a stake of around 10 per cent in BAR. Reynard and Gorne are believed to have agreed to sell their shares to Honda; Pollock is thought to have refused to do so.

As Honda does not want to buy into BAR while there remain any minor shareholders, British American Tobacco, had started proceedings to put BAR Holdings into administration. It would then aim to buy the company back as sole owners and then sell the agreed 45 per cent to Honda. This is a recognised business procedure under UK law.

Pollock has moved to stop BAT placing BAR Holdings into administration and his lawyers presented a 30-page submission that forced an adjournment to the proceedings.

It is not known on what grounds Pollock's submission was made, but he had earlier indicated that he believed BAT acted improperly in not consulting all the BAR board members, before beginning the procedure. BAT is confident its position is legally defensible.

Pollock said; "The judge made clear that the whole matter was confidential. All I can say is that BAT didn't look good in court."

shares
comments

Grapevine: Minardi's F1x2 in Action at Bologna Motorshow

Villeneuve Keeps Sauber on Top at Jerez - Day Three

Why Albon won't be "throwing around laptops" to gain a 2023 F1 edge

Why Albon won't be "throwing around laptops" to gain a 2023 F1 edge

Plus
Plus
Formula 1
Williams launch
Alex Kalinauckas

Why Albon won't be "throwing around laptops" to gain a 2023 F1 edge Why Albon won't be "throwing around laptops" to gain a 2023 F1 edge

How the last Sauber-built Alfa offers F1 2023 evolution clues

How the last Sauber-built Alfa offers F1 2023 evolution clues

Plus
Plus
Formula 1
Alfa Romeo launch
Jake Boxall-Legge

How the last Sauber-built Alfa offers F1 2023 evolution clues How the last Sauber-built Alfa offers F1 2023 evolution clues

The pioneering F1 car that preceded Lotus’s terminal decline

The pioneering F1 car that preceded Lotus’s terminal decline

Plus
Plus
Formula 1
GP Racing

The pioneering F1 car that preceded Lotus’s terminal decline The pioneering F1 car that preceded Lotus’s terminal decline

How Tyrrell became a racing Rubik’s cube as it faded out of F1

How Tyrrell became a racing Rubik’s cube as it faded out of F1

Plus
Plus
Formula 1
GP Racing

How Tyrrell became a racing Rubik’s cube as it faded out of F1 How Tyrrell became a racing Rubik’s cube as it faded out of F1

Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Plus
Plus
Formula 1
Alex Kalinauckas

Assessing Hamilton's remarkable decade as a Mercedes F1 driver Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Why new look Haas is a litmus test for Formula 1’s new era

Why new look Haas is a litmus test for Formula 1’s new era

Plus
Plus
Formula 1
Jonathan Noble

Why new look Haas is a litmus test for Formula 1’s new era Why new look Haas is a litmus test for Formula 1’s new era

The Mercedes F1 pressure changes under 10 years of Toto Wolff

The Mercedes F1 pressure changes under 10 years of Toto Wolff

Plus
Plus
Formula 1
Alex Kalinauckas

The Mercedes F1 pressure changes under 10 years of Toto Wolff The Mercedes F1 pressure changes under 10 years of Toto Wolff

The all-French F1 partnership that Ocon and Gasly hope to emulate

The all-French F1 partnership that Ocon and Gasly hope to emulate

Plus
Plus
Formula 1
GP Racing

The all-French F1 partnership that Ocon and Gasly hope to emulate The all-French F1 partnership that Ocon and Gasly hope to emulate