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Old 25 Nov 2005, 19:45 (Ref:1470309)   #26
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Originally Posted by AdamAshmore
Sorry? Giving control of part of the sport to an equity investiment company is a good thing
I see this as a (slightly) positive development. I'd suggest CVC has to make this work or the GPMA will walk away and then CVC's investment would be worthless. CVC will want to maximize their investment which should translate to quality racing. Bernie stays for continuity.

I'm not saying that Bernie didn't want the same thing, but sometimes a sport needs fresh ideas and fresh opinions. Call me crazy, call me overly optimistic ... but i think this could be better than a fiefdom.
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Murray Walker: Ferrari won't be developing their car any more this season.
Martin Brundle: How do you know that?
Murray Walker: Because I was there when I said it.
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Old 25 Nov 2005, 19:50 (Ref:1470310)   #27
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Originally Posted by AdamAshmore
It seems like CVC are very keen for Bernie to continue to run the sport. At least they understand that it takes someone liek that to do it rather than have delusions themsleves.
respectfully Adam, I'd say they already do a dam good job running MotoGP (without Bernie). Taking a foray into F1 is a natural extension.
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Murray Walker: Ferrari won't be developing their car any more this season.
Martin Brundle: How do you know that?
Murray Walker: Because I was there when I said it.
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Old 25 Nov 2005, 19:53 (Ref:1470312)   #28
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Yes they do and, as I said, they are talking a decent view to it.
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Old 25 Nov 2005, 20:01 (Ref:1470319)   #29
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Originally Posted by AdamAshmore
Sorry? Giving control of part of the sport to an equity investiment company is a good thing

Are we letting an irrational (harsh?) hatred of a man get in the way here?

Do we hate him then Adam?
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Old 25 Nov 2005, 20:06 (Ref:1470320)   #30
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Kicking-back should be qualifying in the top 5 on the gridKicking-back should be qualifying in the top 5 on the grid
Guess who one of the major shareholders of CVC is?
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Old 25 Nov 2005, 20:09 (Ref:1470322)   #31
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Guess who one of the major shareholders of CVC is?
KB, do tell ... I've been trying to find that out all day ... Uncle Bernie perhaps?
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Murray Walker: Ferrari won't be developing their car any more this season.
Martin Brundle: How do you know that?
Murray Walker: Because I was there when I said it.
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Old 25 Nov 2005, 20:13 (Ref:1470323)   #32
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Kicking-back should be qualifying in the top 5 on the gridKicking-back should be qualifying in the top 5 on the grid
Got it in one.
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Old 25 Nov 2005, 20:33 (Ref:1470331)   #33
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well bust my brass buttons! the more things change, the more they stay the same.
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Murray Walker: Ferrari won't be developing their car any more this season.
Martin Brundle: How do you know that?
Murray Walker: Because I was there when I said it.
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Old 25 Nov 2005, 20:44 (Ref:1470333)   #34
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Kicking-back should be qualifying in the top 5 on the gridKicking-back should be qualifying in the top 5 on the grid
What todays deal does is removes the banks from the equation.

There's now room for manufacturers to buy in too - so everyone wins with no loss of face.
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Old 25 Nov 2005, 20:56 (Ref:1470342)   #35
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Well, the wily old f... , er, fox!
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Old 25 Nov 2005, 23:51 (Ref:1470404)   #36
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Well, the wily old f... , er, fox!
what does Bernie have to do with WWII airplanes?
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Old 26 Nov 2005, 00:49 (Ref:1470440)   #37
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what does Bernie have to do with WWII airplanes?
He probably flew one then,and still does.
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Old 26 Nov 2005, 16:27 (Ref:1470812)   #38
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chezza should be qualifying in the top 5 on the gridchezza should be qualifying in the top 5 on the gridchezza should be qualifying in the top 5 on the grid
Now while I don't like Bernie...he has been good for F1...just sometimes fresh ideas are needed.

This deal can still be stopped by the FIA. Story: http://www.itv-f1.com/News_Article.aspx?PO_ID=34597
Last edited by garcon; 26 Nov 2005 at 17:13.
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Old 27 Nov 2005, 16:15 (Ref:1471415)   #39
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Originally Posted by chezza
Now while I don't like Bernie...he has been good for F1...just sometimes fresh ideas are needed.

This deal can still be stopped by the FIA. Story: http://www.itv-f1.com/News_Article.aspx?PO_ID=34597

I am interested to know why you do not like him. I am not attempting to engage you in a slanging match by the way! Just interested.
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Old 5 Dec 2005, 16:32 (Ref:1477488)   #40
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news flash ...

Looks like Bernie selling to CVC may have hit a snag. Turns out the banks (JP Morgan, Lehman Brothers) have right of first refusal on Bayerische Landesbank's 48% stake in F1. The shares must be offered to the banks first, before CVC can purchase them and this could have an effect on what Bernie is up to. More to follow.
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Murray Walker: Ferrari won't be developing their car any more this season.
Martin Brundle: How do you know that?
Murray Walker: Because I was there when I said it.
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Old 6 Dec 2005, 10:18 (Ref:1478113)   #41
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Hot news as at 10 am today is that above is a smokescreen apparently as JPMOrgan have now sold too to CVC/BE to take their stake to 86 %
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