 After a successful first season of A1GP, it was announced on 29 September 2006 that Maktoum was to sell his position as Chairman & Director of A1GP.The transfer of his share in the organisation of A1 Grand Prix to RAB Capital was finalized in December 2006.Tony Teixeira took control of the series in 2006, and the series later liquidated after failing to field any races in 2009.