Qadbak Investments

Qadbak Investments Ltd is a British Virgin Islands registeredcompany which has served as the vehicle for the purchase of English football club Notts County for £1, and for the failed attempt to purchase Formula One team BMW Sauber

The company first came to public prominence in July 2009 upon their purchase of Notts County via its subsidiary Munto Finance. In September 2009, it was announced that they had signed an agreement to purchase the BMW Sauber Formula One team, hastening its return to the F1 fold.

Qadbak Investments was purported by numerous sources, including official statements 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 behind Qadbak Investments there are no such investors.

Details concerning the source of the company's finances have been kept confidential, with both initial and later reports and official press releases stating that it is "Swiss-based". Later reports have stated that the company, as well as its subsidiary Munto Finance, are registered within the British Virgin Islands, what has been confirmed by British Virgin Islands Financial Services Commission on 24 September 2009 after a request made by Swiss newspaper SonntagsZeitung.

The company had been represented during the BMW Sauber takeover by Lionel Fischer, a Swiss national, and two of its representative directors on the Notts County board, Peter and Nathan Willett, who appointed Sven-Goran Eriksson as director of football. On 27 November 2009 The Guardian revealed that Sven-Goran Eriksson has demanded immediate payment of the multimillion-pound sum under the terms of his recruitment by Notts County.

German automotive conglomerate BMW were advised during the planning phases of Qadbak's takeover by leading British investment bank Rothschild, whose managing director Meyrick Cox had stated that Qadbak was "a wholly reputable organisation". In November 2009 however Rothschild denied being involved in any financial transaction between Qadbak and BMW; they merely acted as BMW's adviser.

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