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30 Jan 2017, 21:02 (Ref:3707899) | #126 | |
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in fairness that's a tale thats repeated on the regular with slight variations. but it's rubbish isn't it? people will do anything to win, so you can't expect them to see the big picture or try not to find loopholes in the regulations.
(she says, now wondering which particular case you're talking about ) |
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30 Jan 2017, 21:43 (Ref:3707911) | #127 | ||
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Quote:
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31 Jan 2017, 03:47 (Ref:3707986) | #128 | |||
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31 Jan 2017, 07:39 (Ref:3708020) | #129 | |
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back in the 90s "everybody" could set-up a F1 team and look for a rich kid to drive a F1 even for a one off appearance.
Nowadays things are different, the number of Teams is controlled and limited which is good as it keeps the investment to set-up a team and gives value to the team and makes the drive worth the money as drives available are limitied in numbers but the problem is the the Superlicence thing, most of the drivers eligible do not have the fundings to step up to F1 and the ones who have the fundings are not Eligible for Superlicence. MAYBE F1 should drop the Super Licence system or at least make it easier to get it and introduce a sort of BOP system in order to help smaller teams to be more competitive against big manufacturers so they could get more visibility and increase chances of Prize Money .... |
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31 Jan 2017, 10:01 (Ref:3708041) | #130 | ||
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I feel very sorry for those now out of pocket or out of a job because of the collapse of Manor but the fact is the business risk in being involved with any team in Motorsport is a high risk. Remember that success in most categories of racing does not automatically bring financial reward, prize money never covers the cost if it exists at all. So you get involved with that fact in mind. The skilled engineers have their skill to sell as they move on, the suppliers should have looked at the risk of not getting paid and decided if it was an acceptable risk as a percentage of their turnover.
If not getting paid puts a suppliers business in jeopardy the risk is too high, one should never allow individual risks to get to that level. It is a very canny person that makes money running a racing team. Suppliers are one step further away from the biggest risk. |
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31 Jan 2017, 10:04 (Ref:3708042) | #131 | |
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have you seen a list of creditors? i mean there's obviously some but this seems a lot more tidy than previous team closures, he has at least ensured the staff are all paid on time. that proves to me he's actually a decent bloke.
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31 Jan 2017, 11:58 (Ref:3708068) | #132 | ||
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31 Jan 2017, 12:04 (Ref:3708073) | #133 | |
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no don't - you learn a lot of potentially interesting stuff but that's several hours of your life you'll never get back
i had a look at a couple of teams that fell over, and the general impression i came away with is that a team employee on paye should keep a close watch on their ni contributions record online suppliers weren't necessarily ripped off, but service providers tended to take a hit. |
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31 Jan 2017, 17:54 (Ref:3708153) | #134 | |
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I read the Autosport in which it said it's a shame to lose a team like Manor, a team, like many before it, have introduced new talent to the grid and I think therein lies the problem of not enough teams in F1
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31 Jan 2017, 22:43 (Ref:3708226) | #135 | |
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31 Jan 2017, 22:47 (Ref:3708228) | #136 | |
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not putting words in the posters mouth but he was talking to his earlier comment. companies house is obviously only for uk based companies, and you can find historical intel on there. creditors lists etc.
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17 Mar 2017, 23:46 (Ref:3719488) | #137 | ||
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18 Mar 2017, 11:22 (Ref:3719579) | #138 | |
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Let's all club together and buy it and enter the F1 championship
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19 Mar 2017, 10:24 (Ref:3719975) | #139 | ||
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