Tony Teixeira
Encyclopedia
António Teixeira is a South Africa
n businessman. He was born in Portugal
but emigrated to South Africa, later naturalizing himself. He lived and studied in Nigel, and later dropped out of school to work at SASOL mining company , later he moved to the transport industry. He is the owner and CEO of the oil, diamonds and gold trading company Energem.
Tony Teixeira took over the A1 Grand Prix
series in 2006; it went into liquidation by 2009.
Trading of Energem stock has been suspended in both Toronto and London since June 2009, and filings with the London Stock Exchange indicate that US$54 million of its debt is related to A1GP, and Energem shareholders and A1GP had been promised payment of the $54 million would be made on July 16, 2009, a promise that has been broken and remade and broken again on August 6, September 11, September 22, October 22, December 9, and December 31, 2009, and again in January 2010, twice, both times with a promise of an additional $9.5 million in interest.
Tony Teixeira made a personal pledge that he would donate $50,000 to charity if A1GP did not turn up for their scheduled 2009 Gold Coast race. This pledge has not been honoured.
Tony Teixeira has four times failed to acquire a team in Formula One
between 2008 and 2010.
Tony Teixeira has been found to be in breach of a contract with A1 Team USA Holdings LLC by a US court, and the court has awarded a $4.5 million judgment against Teixeira personally.
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
n businessman. He was born in Portugal
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
but emigrated to South Africa, later naturalizing himself. He lived and studied in Nigel, and later dropped out of school to work at SASOL mining company , later he moved to the transport industry. He is the owner and CEO of the oil, diamonds and gold trading company Energem.
Tony Teixeira took over the A1 Grand Prix
A1 Grand Prix
A1 Grand Prix was a 'single make' open-wheel auto racing series. It was unique in its field in that competitors solely represented their nation as opposed to themselves or a team, the usual format in most formula racing series. As such, it was often promoted as the "World Cup of Motorsport"...
series in 2006; it went into liquidation by 2009.
Trading of Energem stock has been suspended in both Toronto and London since June 2009, and filings with the London Stock Exchange indicate that US$54 million of its debt is related to A1GP, and Energem shareholders and A1GP had been promised payment of the $54 million would be made on July 16, 2009, a promise that has been broken and remade and broken again on August 6, September 11, September 22, October 22, December 9, and December 31, 2009, and again in January 2010, twice, both times with a promise of an additional $9.5 million in interest.
Tony Teixeira made a personal pledge that he would donate $50,000 to charity if A1GP did not turn up for their scheduled 2009 Gold Coast race. This pledge has not been honoured.
Tony Teixeira has four times failed to acquire a team in Formula One
Formula One
Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...
between 2008 and 2010.
Tony Teixeira has been found to be in breach of a contract with A1 Team USA Holdings LLC by a US court, and the court has awarded a $4.5 million judgment against Teixeira personally.