Wednesday, November 30, 2011
Convers goes into Administration
The World Rally Championship's commercial rights holder, Convers Sports Initiatives, has gone into administration. One of CSI's major backers, Vladimir Antonov, was arrested in London last Friday and questioned in connection with an investigation into the asset-stripping of Bankas Snoras, a bank that he was a 68 per cent shareholder in. Antonov, who was later bailed, denies any wrongdoing.
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