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Utter nonsense.
LDM had absolutely nothing, besides a several million dollar payout from CAMS. He bought a REC from Tasman, a car from Walkinshaw, rented a factory and set it all up from scratch from the get-go. No mergers, or buy-outs.
Erebus, despite what Betty keeps saying year-in, year-out was never technically a new team. Simply a buy-out. That the entire existing workforce and sponsor base left over the course of the following two years, is entirely irrelevent.
GRM has been around for 50+ years. You'd be drawing the world's longest bow to even suggest that they were a new team once they started churning out Volvos using virtually the same personnel that churned out the previous batch of Commodores.
CSR had that REC parked elsewhere and serviced by three different teams before taking it, the core sponsor group, and his driver to do his own thing. Hardly a new team.
Kellys/Nismo were a buy-out of Perkins Motorsport, and subsequent merger of what was left of the two former HSVDT RECs they owned. Not a clean slate concept either.
There's your history lesson, sunshine.
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