Qadbak Investments was purported by numerous sources, including official statements from both Notts County and BMW, to represent the collective interests of "certain Middle Eastern and European-based families".
[8] Contrary to reports by the British media, the source of Qadbak's finances was partially known to the Notts County Supporters' Trust, who were bound to a confidentiality agreement due to the takeover.
[13][14] The club subsequently released a further statement, purporting to be from the Hyat/Shafi Family Trust and its head, Sardar Hyat, confirming its involvement with Qadbak and Notts County.
A spokesman for BMW was reported in the Guardian newspaper as saying that the combination of no legally effective contract and no starting place on the grid caused the deal with Qadbak to be cancelled.
[18] On 12 December 2009, it was announced that Notts County chairman, Peter Trembling purchased the club for a nominal fee from Munto Finance.