Quote:
Originally Posted by Moneyseeker
Joe Saward reporting that a British energy drink brand called Rich Energy (anyone heard of them...) is in talks to buy FI for $280m...
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assuming thats in US dollars so about £200 mill i think.
how much is a mid level F1 team worth these days?
cant say i recall ever reading a value assigned to the value of Sauber shares in that buyout.
Renault bought Lotus for £1 plus assumption of all of its debt...dont know how much debt there was though.
a few years prior to that, Sahara bought into FI at 100mil for a 40odd% stake.
obviously no idea about what type of debt FI has, how much prize money they have coming their way, what assets/facilities do they actually own, and if the above amount is for full ownership or not etc etc.
that said, FI is one of, if not the most, cost effective teams on the grid and seemingly punch above their weight class every season and provided the old owners are willing to walk away, i am surprised that a proper car manu is not looking to take over this team and its facilities.
but i guess that says more about the current state of the sport in general then anything else.
