Justin Wilson

[josvandeperre]

There's a story somewhere that he's back with Rusport for 2006 which is nice for him but my question really is what has happened to his & Palmer's fund raising company ? Anyone shareholders care to comment ?

[Kicking-back]

His share scheme is still active as they always said it would be.

[JohnMiller]

I wouldn't expect any return until as and when he makes it big financially.

I might just have to get him to set my FF1600 up for me as an "interim dividend." LOL.

[BootsOntheSide]

It will take longer for it to start reaping rewards with him racing in ChampCars - the scheme was designed aorund him having a lasting place in F1 (and it's unfortuante that he doesn't), but I really hope this innovative and exciting scheme does succeed in line with the man himself.

[macdaddy]

Perhaps off-topic to the thread, but it certainly fits the title...

Wilson will return with RuSport

"It's all signed, set, and I'm ready to go. It is a nice position to be in at this time of the year. It is nice to have that behind me and just concentrate on the job in hand and try and win races this year."

From TSN

[N I Tram]

If anyone outside the likely 3-car NHR juggernaut can win the 2006 title, it'ssurely Justin. I haven't given upon seeing him in F1 again.

[Snrub]

Good for Justin, he really deserves it.

N I Tram, do you know something that hasn't been posted on here about the likelyhood of a 3 car NH team?

[Bubble]

Originally Posted by josvandeperre

There's a story somewhere that he's back with Rusport for 2006 which is nice for him but my question really is what has happened to his & Palmer's fund raising company ? Anyone shareholders care to comment ?

Justin Wilson plc had its annual general meeting at Brand's Hatch in July. Under the tax rules that apply to the share scheme, people can't receive anything until at least three years after the launch. The scheme runs for 10 years. Investors will get GBP2 for each GBP1 they put in, and 10% of anything else. The original cash went to fund the Minardi deal and there was no money made in year two. In the current year the company will be cash-positive. The same applies to 2006. People did not invest to make money, they did it to have involvement.

[macdaddy]

Welcome to 10T's, Bubble!

[josvandeperre]

And thank you for the update

[BootsOntheSide]

Good stuff Bubble, and you're right about the motives of many investors - first and foremost it was a chance to support a gifted and likeable young British driver, and making a proift was an afterthought. Motor racing has never been a safe way to make money in any context, only enthusiasts are likely to touch it.