View Single Post
Old 9 Sep 2017, 08:46 (Ref:3765611)   #7
anthony81901
Veteran
 
Join Date: May 2003
Australia
Sydney
Posts: 1,105
anthony81901 should be qualifying in the top 10 on the grid
Even back when it still had Holden sponsorship, there was a budget shortfall which the Walkinshaw family were having to meet. So while there has been some reduction in the cost base with Messers Burgess and Tander no longer on the payroll and a bit more income from engine supply deals with Erebus and GRM, likely the team is still running at a loss. So by selling equity, this in theory will offset the need for the Walkinshaws to inject further cash.

These things tend to go one of two ways. Quite well as appears to be the case at 888 with the partners seemingly happy to remain silent and let Roland get on with things, or quite badly as at DJR where Charlie and Dick were constantly at loggerheads. That the prospective partners appear already in disagreement before the deal is even done doesn't bode well.
anthony81901 is offline  
Quote