Wednesday, 5 November 2025
Czech billionaire Michal Strnad, owner of the Czechoslovak Group (CSG), has acquired Scuderia SF Praha along with its sister companies Scuderia MC Praha and Scuderia Praha Racing, which handle Ferrari imports, Maserati sales and service, and motorsport activities. The deal is currently under review by the Office for the Protection of Competition (ÚOHS).
According to the competition authority, the merger mainly concerns wholesale and retail distribution of cars, related services, and motorsport. The transaction is being assessed under a simplified procedure, with a decision expected within 20 days. The purchase price has not been disclosed.
Scuderia SF Praha was created in early 2023 following the split of the original Scuderia Praha into three separate firms. Scuderia SF Praha focused on Ferrari distribution, Scuderia MC Praha on Maserati sales and servicing, and Scuderia Praha Racing on competitive racing. The current owner listed in the Register of Beneficial Owners is Zdeněk Kubát, a former Penta manager.
Financial filings show that Scuderia SF Praha nearly tripled its net profit in 2024 to CZK 75.8 million, while turnover grew by 20 percent to CZK 1.43 billion.
The acquisition was made through Altavia Trade, a company solely owned by Strnad but not formally part of CSG. Strnad is among the wealthiest Czechs, with Forbes ranking him fourth in May 2025 with assets of CZK 230.5 billion. Other rankings, including those published by Euro and e15.cz in late August and early September, placed him either first or fourth, with estimates ranging from CZK 239 billion to CZK 330 billion.
Source: CTK
