The Fanatec saga of 2024 has taken yet another twist, and a turn for the worse, as the brand’s parent company has filed an application to begin insolvency proceedings.
It’s been a pretty crazy few months for Fanatec and its owner Endor. While it’s likely the public troubles began with a chaotic Black Friday, things only really kicked off in March when the company suddenly announced that it had dismissed its founder and figurehead CEO Thomas Jackermeier.
At the time, this was stated as being a condition of its creditors — lending banks — to allow the company to extend a “standstill agreement” on some pretty hefty loans. Andres Ruff was brought in as a “chief restructuring officer”, and was then announced as CEO very…
