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Old 26 Nov 2017, 04:46 (Ref:3783108)   #51
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Musta felt guilty...

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Old 27 Nov 2017, 07:38 (Ref:3783380)   #52
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peckstar has a lot of promise if they can keep it on the circuit!
did a nice post qualifying burn out for the crowd on Sunday. Don't know if it got any tv presence
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Old 27 Nov 2017, 12:05 (Ref:3783462)   #53
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What does Mega know that we don’t?
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Old 27 Nov 2017, 12:30 (Ref:3783469)   #54
Umai Naa
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Umai Naa should be qualifying in the top 5 on the gridUmai Naa should be qualifying in the top 5 on the grid
AusGT?
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Old 27 Nov 2017, 21:58 (Ref:3783599)   #55
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AusGT?


Quite possible.

Mega did back Liam Talbot this year in the Walkinshaw Porsche but won’t be back as the main sponsor for him next year. So maybe they’re scaling back or shifting cars.
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Old 27 Nov 2017, 23:48 (Ref:3783619)   #56
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What does Mega know that we don’t?
That their cheques don't clear?
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Old 28 Nov 2017, 00:24 (Ref:3783627)   #57
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Old 28 Nov 2017, 08:30 (Ref:3783707)   #58
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Bright Content It’s Over
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Old 30 Nov 2017, 04:31 (Ref:3784231)   #59
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It’s interesting that Bright has only leased his REC to MSR for two years. Does he intend comeback as team owner.?

Or have the value of REC’S suddenly increased by so much MSR couldn’t afford to buy it.........
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Old 30 Nov 2017, 05:20 (Ref:3784236)   #60
Umai Naa
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2 years is the maximum time a REC can be leased to another entity.
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Old 30 Nov 2017, 05:43 (Ref:3784238)   #61
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2 years is the maximum time a REC can be leased to another entity.
I was well aware of that! My point was why is he hanging on to the REC?
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Old 30 Nov 2017, 20:34 (Ref:3784372)   #62
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cavvy should be qualifying in the top 10 on the grid
whats it worth?

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I was well aware of that! My point was why is he hanging on to the REC?
Been out of the loop over recent years, whats a REC worth these days? Dollars? Influence?
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Old 30 Nov 2017, 21:40 (Ref:3784389)   #63
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Been out of the loop over recent years, whats a REC worth these days? Dollars? Influence?
How much money have you got?
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Old 30 Nov 2017, 23:57 (Ref:3784415)   #64
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I was well aware of that! My point was why is he hanging on to the REC?
Depending on the lease deal, he may receive the REC based income, and be confident he is not at risk of having to pay fines for lack of attendance. He doesn't have to seek the sponsors it seems as that will be Hazelwoods existing backers. He may be hoping the REC market will be more of a sellers market in two years. MSR might have said they wanted to lease for 2 years with intention to purchase in 2 years as they can't afford the outlay right now, after I would expect splashing on an increase in staff to run a Tier1 effort?
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Old 1 Dec 2017, 01:38 (Ref:3784439)   #65
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Depending on the lease deal, he may receive the REC based income, and be confident he is not at risk of having to pay fines for lack of attendance. He doesn't have to seek the sponsors it seems as that will be Hazelwoods existing backers. He may be hoping the REC market will be more of a sellers market in two years. MSR might have said they wanted to lease for 2 years with intention to purchase in 2 years as they can't afford the outlay right now, after I would expect splashing on an increase in staff to run a Tier1 effort?
Can one assume that if Bright pockets the REC income for the next 2 years, this knocks off a bit on the sale price?? Unless they tank it...??
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Old 1 Dec 2017, 05:15 (Ref:3784475)   #66
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Can one assume that if Bright pockets the REC income for the next 2 years, this knocks off a bit on the sale price?? Unless they tank it...??
Not usually, the REC lease is probably for the value of the VASC REC income, with tyres & catering recharged to 23RED. The vslue of the asset likely won’t move in that time.. it’s probably in the Jobri books in the $1.2m+ region. The revenue return isn’t likely to reduce this, especially now a driving wage is gone...
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Old 1 Dec 2017, 05:44 (Ref:3784478)   #67
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Poultry best guess

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How much money have you got?
So give me an 'in the ballpark' guesstimate of what it might look like?
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Old 1 Dec 2017, 06:00 (Ref:3784480)   #68
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So give me an 'in the ballpark' guesstimate of what it might look like?
there is no going price, they are never released except in legal cases years after.

The price is whatever a buyer is prepared to pay that is acceptable to a seller at the time
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Old 1 Dec 2017, 08:52 (Ref:3784494)   #69
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So give me an 'in the ballpark' guesstimate of what it might look like?
A seller might want $1.2m, a buyer might want to pay $600k.

Ballpark.

A gap.

Hence a lease most likely..
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Old 1 Dec 2017, 09:06 (Ref:3784497)   #70
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As we've seen in the past, it's best to keep the REC in service.

He might want to offload it, but at the risk of parking it, it's better to just lease it out to an entity that is prepared to utilise it, until a sale comes to fruition.
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Old 1 Dec 2017, 09:13 (Ref:3784500)   #71
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Originally Posted by Umai Naa View Post
As we've seen in the past, it's best to keep the REC in service.

He might want to offload it, but at the risk of parking it, it's better to just lease it out to an entity that is prepared to utilise it, until a sale comes to fruition.
Only problem is that at the end of 2 years, it creates a use it/sell it/warehouse it..
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Old 1 Dec 2017, 13:18 (Ref:3784537)   #72
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Surprised MSR didn't buy it outright. Unless Mr. Bright wants to become the team's codriver and using the lease as leverage for it.
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Old 1 Dec 2017, 21:25 (Ref:3784631)   #73
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Surprised MSR didn't buy it outright. Unless Mr. Bright wants to become the team's codriver and using the lease as leverage for it.
Mr Rosenberg would have been the likely buyer here, and the value gap may well have been too great
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Old 1 Dec 2017, 22:14 (Ref:3784634)   #74
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Only problem is that at the end of 2 years, it creates a use it/sell it/warehouse it..
Could Brighty be waiting to see whats comes of the the next gen ?
As a REC owner is he privy to whats coming?

Will next gen be a big hit, and bring back value to the REC holders, thru punters returning to meetings, viewing audiences increase, merchandising,
or is this pie in the sky ?

Or will Matt be like Betty, buy one rec, lease the other , then buy it?
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Old 2 Dec 2017, 01:05 (Ref:3784646)   #75
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A seller might want $1.2m, a buyer might want to pay $600k.

Ballpark.

A gap.

Hence a lease most likely..
So the last deal in the public domain is the court case involving the Fiores?
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