SEPTEMBER 5, 2007

BusinessF1 in the High Court

Business F1 magazine was subject to a winding-up order which was heard in the High Court this morning. The order was requested by former Jaguar Racing boss Tony Purnell in respect of unpaid damages from his (Purnell's) successful libel suit.

The magazine offered no defence in court. As a result Business F1 is now in the hands of the receiver.

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