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31 May 2024, 20:26 (Ref:4211158) | #476 | ||
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Chilli, when the spend figure of, say $550 million, is mentioned, that would be what is currently required to pay FOM their "fee" of $200 million, then add in whatever it costs to create the facilities to build their own cars plus associated staffing costs, transporters, mobile gin palaces and materials and so on.
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31 May 2024, 20:32 (Ref:4211161) | #477 | ||
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that’s what I’m getting at…where they are at is still an inconsequential amount to spend, even as a start up cost, on a top level sports franchise.
In todays economy, you need to be in the couple of billion dollar range at least. |
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31 May 2024, 22:25 (Ref:4211172) | #478 | |
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1 Jun 2024, 12:23 (Ref:4211226) | #479 | |
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They once said the only way an F1 team can make a small profit is to start with a large one or words to that effect
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1 Jun 2024, 12:26 (Ref:4211228) | #480 | ||
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1 Jun 2024, 12:51 (Ref:4211230) | #481 | |||
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Quote:
I think F1 teams have always made money in large amounts (possibly with the odd badly run exception). |
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1 Jun 2024, 21:37 (Ref:4211369) | #482 | ||
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2 Jun 2024, 04:24 (Ref:4211399) | #483 | |
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To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one." |
2 Jun 2024, 08:02 (Ref:4211426) | #484 | ||
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2 Jun 2024, 08:34 (Ref:4211431) | #485 | |
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2 Jun 2024, 13:47 (Ref:4211488) | #486 | |
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I think you missed the point. Yes, everything may have a price (how much for the women!) But for someone who is not wanting to sell, that price will likely be above market value. Why pay a premium?
Richard |
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To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one." |
2 Jun 2024, 14:10 (Ref:4211493) | #487 | ||
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Richard, don't waste your breath (or time bothering to reply)!
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2 Jun 2024, 15:39 (Ref:4211498) | #488 | |
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Is that:
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2 Jun 2024, 16:12 (Ref:4211500) | #489 | ||
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Like half the teams are owned or controlled by investment firms or group of investors…by definition those teams would all be tradable assets so most certainly have a value and price tag attached to them.
If rumours about the RB drama is to be believed, Horner felt that the RB teams were for sale. Haas has seen a lot of speculation for sale for a while now. AM team has been bought and sold more times than I can count Merc is, as always, one board vote away from a sale. So it’s really just Ferrari that’s not for sale…but in a way it was recently sold via an IPO and/or is always for sale now as a publicly traded corp and like Merc only ever a board vote away. Not sure why teams having a (very high)price tag attached to them is a controversial notion? |
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Home, is where I want to be but I guess I'm already there I come home, she lifted up her wings guess that this must be the place |
2 Jun 2024, 18:54 (Ref:4211569) | #490 | ||
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Or there are two or three teams out of the ten that are available for a price
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2 Jun 2024, 22:54 (Ref:4211597) | #491 | ||
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Part time wingman, full time spud. |
3 Jun 2024, 08:34 (Ref:4211630) | #492 | |
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I fear that I didn't make my sarcasm very clear...
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3 Jun 2024, 08:47 (Ref:4211632) | #493 | ||
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Quote:
To think the Andretti F1 project, and it's rejection, is about anything other than money/investment return is missing the biggest point. |
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3 Jun 2024, 09:45 (Ref:4211642) | #494 | |
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I don’t think teams are in a hurry to sell. Andretti deserves to be in F1 of it’s own merit
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He who dares wins! He who hesitates is lost! |
3 Jun 2024, 10:39 (Ref:4211646) | #495 | ||
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4 Jun 2024, 20:28 (Ref:4211851) | #496 | |||
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Some more thoughts on Andretti's situation from Autosport.
As is often the case, the comments on the article contain some, uh, "interesting" theories & statements. As that is a "plus" article, behind a paywall, here is the text: Quote:
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