29 Aug 2003, 04:40 (Ref:702335)
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#7
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Race Official
1% Club
Join Date: Dec 2002
Posts: 46,695
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I dount it is strictly speaking illegal, but you are also right in a way.
There are constraints within the TEGA franchise system as to how many franchise licence slots a single team can own (currently 4), and there is always the immutable requirement to attend every meeting (L1) or 80% of meetings (L2).
These kinds of rules in place suggest that a purchase cant just be a buy to stop someone else from outside buying (unless they like throwing $150k per car per round in the toilet)
At the moment, despite the guff in the trade press, there are several franchises available at the right price.
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Happy David Thexton Day, 21st March 2003
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