The Mystery behind BMW Sauber buyers' Qadbak revealed
By BMWF1Talk
September 27 2009
This afternoon the Notts County football team, also owned by Qadbak just like the Hinwil F1 team, revealed who is behind the, until now, obscure Qadbak investors group.
Quoting the Notts County press release:
They (Qadbak owners) are the Shafi Family and the Hyat Family, both highly
respected and very successful members of the business world in the
Middle East, Asia, North America and Europe. Like other shareholders in
the QADBAK, they are based in the Middle East.
Mr Anwar Shafi said, "I can confirm that the families have a significant holding in QADBAK and are very pleased with the diversified range of assets we have invested in. But we are a private business and do not wish to comment any further."
QADBAK has a multi-billion dollar investment portfolio across Natural Resources, Heavy Industry, Logistics and Infrastructure. A Notts County spokesman commented "Until now we have tried to
respect the wish for privacy of our investors. But the confusion and
misplaced allegations of the last few days have forced us to ask them
to reveal themselves. Despite giving the Football League every possible
answer and information well beyond any legal obligation they have yet
to publically confirm their approval. We hope today's statement will
speed that process considerably." The families revealed today have built their businesses over the
last 200 years. Family members include Sir Sikwander Hyat, a former
Prime Minister of the Punjab and a personal friend of Sir Winston
Churchill and Nawab Sir Liaquat Hyat (Prime Minister of Patiala state) . The families have extensive business interests throughout the Middle
East, Japan, Kazakhstan and Pakistan with real estate investments in
Europe, the Middle East and Asia.