2024-06-20 05:52:32
Francisco Fernandez loved taking part in on the wing. The well-known founding father of banking software program can be a gifted piano participant.
Tempi passati: The media presentation of the upcoming Secondo has been over because the sale of its Avaloq to Japan.
Since then, Fernandez has most popular to sail underneath the radar. For good causes.
It seems that the supposed super-entrepreneur may have ended up in turbulence.
In response to a tip, members of his Racing Unleashed administration have been allegedly ready for his or her cash.
The corporate provides Formulation 1 races within the pc studio. In order for you, you may also check out your acquired abilities on an actual race observe in Spain.
“All Racing Unleashed staff have obtained (and can proceed to obtain) their salaries, it seems they have been misinformed,” stated the chief monetary officer at Fernandez’s household workplace.
Racing Unleashed talked about it a 12 months in the past. Monisha Kaltenborn, former Sauber racing staff boss, left as managing director in a single day.
Fernandez himself took the operational helm. The near-billionaire additionally invested his cash in an Indian agro-tech firm known as InnoTerra.
It was one capital growth after one other. In the long run, Companions Group in Zug took the lead.
It doesn’t belong to the gathering (IP)Utopia, a music firm, additionally urgently wanted new cash. Fernandez paid his contribution.
It’s stated in Zurich that what worries him most is his proud automobile assortment.
It’s stated to include round 300 examples, together with used vehicles in addition to the newest sports activities vehicles from Ferrari.
Standing obliges: If Ferrari brings a brand new automobile to the market, Fernandez takes motion – that is the one approach he stays a member of the Ferrari tremendous consumers.
The costs of “toys” are at present in free fall. A nasty second for Fernandez to half together with his beloved vehicles.
From an accounting perspective, losses could be realized.
And but: reducing your losses is likely one of the most vital funding ideas.
It stays to be seen if Fernandez will promote now. “Solely” his household workplace responded to an SMS request.
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