The television host and car professional’s supercar firm Radford Motors applied for personal bankruptcy on Wednesday in the middle of a number of suits from organization companions
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Ant Anstead is speaking up after his firm, Radford Motors, applied for personal bankruptcy.
The British- birthed master technician and television speaker, best recognized in the united state for his looks on HGTV and as the guy of Oscar victor Ren ée Zellweger, shared a declaration specifically with individuals after his supercar firm applied for personal bankruptcy on Wednesday in the middle of a number of suits submitted by his organization companions affirming scams and mismanagement for the celebrity.
Anstead continues to be “fully committed” to Radford regardless of its present “challenges,” he stated.
“Radford is implementing strategic organizational enhancements while maintaining full operational continuity. I remain fully committed to advancing Radford’s vision and growth. My role and dedication to Radford’s success continue unchanged,” he shared.
Related: Ant Anstead’s Car Company He Once Called ‘a Huge Risk’ Files for Bankruptcy After Alleged Fraud (Exclusive)
@a. d.lawrence _He thel/Lotus JPS-2
He proceeded, “Along with [cofounder and F1 champ] Jenson [Button], we maintain our foundational commitment to excellence that has defined Radford from day one. As founders, we understand the unique challenges that come with building a premium automotive brand, including the critical importance of having partners whose values and vision align completely with our mission.”
“Like many entrepreneurial ventures, our journey has presented both opportunities and challenges. Throughout this evolution, our unwavering focus remains on delivering exceptional value to our clients while honoring Radford’s storied legacy. We are grateful for the continued support of our community and remain fully dedicated to advancing the brand’s prestigious heritage.”
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The Celebrity IOU: Joyride host is a founder of the firm, which restored the previously inoperative British car manufacturer Radford in August 2020 with the objective of developing the Lotus-Radford Type 62-2 supercar.
Anstead talked to PEOPLE concerning the high-stakes job in April 2023 in advance of the launch of a docuseries, Radford Reborn, concerning the development of the automobile.
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“This is personally a huge risk for me,” Anstead stated. “We have seven people, and we privately funded this. We are doing it. We’re risking everything.”
“I knew that we were taking on a monumentally difficult project in an industry that’s really tough because we are up against some big brands with some big funding. We just had to collectively believe in what we were doing,” he proceeded.
Related: Ant Anstead Shares Look Inside Barn of 500-Year-Old Farmhouse He Just Purchased in Rural England (Exclusive)
But at the time, Anstead preserved his job would certainly be a success.
“We are now moving into production,” he shared from the brand-new Radford head office in Costa Mesa,California “We’ve sold a number of cars to collectors all over the world, and we are now delivering those cars.”
Radford’s personal bankruptcy declaring follows numerous of Anstead’s organization companions have actually taken lawsuit versus him.
In March 2024, among his financiers, Pastor (Pat) Velasco, submitted a legal action versus the television celebrity and among his founders, Daniel Bednarski, asserting he’s owed $2 million.
Related: Christina Hall Responds to Fan Who Suggests Ex Ant Anstead Replace Husband Josh on New HGTV Show: ‘Genius’
Several months later on, on July 24, co-owner Roger N.Behle Jr submitted a grievance affirming Anstead and Bednarski mishandled the firm’s funds.
The July grievance declares that Anstead and Bednarski– that the declaring insurance claims was Anstead’s life instructor prior to ending up being Radford’s primary economic policeman– safeguarded a brand-new sale of $100,000. However, hours after the cash was wired, Anstead and Bednarski “took $54,635.52 from this deposit and used it to pay a vendor for work unrelated to the new client’s vehicle,” the grievance reviews.
It proceeds, “Twenty-nine minutes after the first wire was sent, Bednarski took more of the new client’s funds and paid himself $20,000 via wire.”
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The fit even more declares they supposedly spent for individual expenditures like car insurance policy with firm funds.
On April 26, the firm submitted a counterclaim versus Velasco, Behle, and others.
Related: Ren ée Zellweger Spotted Kissing Ant Anstead in First London Sighting Since Arriving to Film Bridget Jones Sequel
In a declaration to PEOPLE onWednesday Oct 23, Bednarski clarified the choice to apply for personal bankruptcy,
“Radford Motors is going through a Chapter 11 Business restructure that will be implementing strategic changes to strengthen our foundation for the future,” the declaration reviews partly. “During this process, it’s expected that certain ownership transitions will occur, which is an important step in our evolution. We are excited about the road ahead and remain focused on continuing business as usual with renewed energy and purpose.”
Behle and Velasco decreased to comment and Anstead’s lawyer can not be gotten to.
Anstead’s lawful problems have actually landed as he will premiere his most recent television program in the U.K., Ant Anstead:Born Mechanic The reveal premieres on the U.K. network Quest and Discovery+ on Thursday, October 24. It follows his trip reconstructing a historical home while moneying the improvement by offering vintage cars he brings back.
He formerly showed up on HGTV’s Christina on the Coast along with his then-wife,Christina Haack The set were wed from 2018 up until 2021 and share child Hudson, 5. Anstead additionally organized the Discovery+ collection Celebrity IOU: Joyride, where he satisfied Zellweger, whom he’s been dating given that June 2021.
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