Quote Originally Posted by nidge View Post
Well technically a company cannot declare itself bankrupt. In fact I'm pretty sure that companies cannot ever be bankrupt (only individuals) , merely insolvent, and it takes a creditor to issue action resulting winding up proceedings
Bear in mind this is being reported on by the bike racing press, not the FT

I would also assume certain financial commitments were already made with the expectancy of the massive Red Bull sponsorship funds that had been fed into the team as title sponsor