Ant Anstead ’s business is undergoing some changes. Anstead, 45, and Formula One champ Jenson Button ’s car company, Radford Motors, filed for Chapter 11 bankruptcy on Tuesday, October 22, according to documents obtained by Us Weekly . “Radford Motors is going through a Chapter 11 Business restructure that will be implementing strategic changes to strengthen our foundation for the future,” Daniel Bednarski , one of Anstead’s business partners, said in a statement to People (who was first to report the news).
“During this process, it’s expected that certain ownership transitions will occur, which is an important step in our evolution.” He noted that the company is “excited about the road ahead” and will “remain focused on continuing business as usual.” Radford Motors is “committed to its legacy of unparalleled craftsmanship and excellence,” Bednarski’s statement continued.
“This pivotal move ensures the company will continue to exceed client expectations and shape the future of luxury vehicles.” Us Weekly has reached out for comment. Anstead and his business partners initially teamed up in 2020 to revive the defunct British car company Radford.
Court documents obtained by Us reveal that the bankruptcy filing came one month after Anstead was accused of fraud and misrepresentation. Another businessman, Pastor (Pat) Velasco , in March claimed that Anstead and Bednarski owe him $2 million. A separate complaint was filed in July by another co-owner.
