[Team] Marussia - what next?

[djinvicta]

Once a CVA is agreed, thats all the creditors get. No more afterwards.
A lot of people will feel cheated Im sure. and rightly so, now watching the same crowd join back into the circus.

[mikuni]

Do Manor now have different owners and management, or is that just a spin that we are being fed so that more people buy into the rebuild story?

If they do in fact have different people at the top, but the same, or similar team doing the racing, I'm happy enough for the CVA process to go on. It's not like big business doesn't do this day in, day out.

[Paradise City]

The Manor old boys are sincere. But they maybe under the thumb of what is basically this shadowy consortium of owners with this Fitzgerald guy being the front man.

[P38 in workshop]

Originally Posted by mikuni

Do Manor now have different owners and management, or is that just a spin that we are being fed so that more people buy into the rebuild story?

If they do in fact have different people at the top, but the same, or similar team doing the racing, I'm happy enough for the CVA process to go on. It's not like big business doesn't do this day in, day out.

I understand that the problems became intense when the former Russian owners walked away.The current lot are trying to take the remnants forward and I suspect the suppliers will be a good deal more rigorous about controlling credit.May be too late for some and they have my sympathy.Anybody with some familiarity with the financial stability of Formula One teams will be aware of other collapses in the past and not be hugely shocked that it happened once more.

[wnut]

Nice to see Bernie doing his usual and trying to push Manor under the bus ..

http://www.grandprix.com/ns/ns30267.html

Working out how not to pay the prize money Manor are owed!

[GTRMagic]

Manor Marussia Must Start In Malaysia Or Face FIA

Interesting that Mr E has already paid Manor Marussia $10m in prizemoney thus far... hopefully she'll be right for Malaysia...

[bjohnsonsmith]

Originally Posted by GTRMagic

Manor Marussia Must Start In Malaysia Or Face FIA

Interesting that Mr E has already paid Manor Marussia $10m in prizemoney thus far... hopefully she'll be right for Malaysia...

So that's why Bernie's peed off, he advanced them $10m.

[GTRMagic]

Manor Marussia To Run In FP1 In Malaysia



She'll be right on the night it seems...

[mikuni]

That is fantastic if it turns out to be the case.

Now the next question, the 107% rule and whether it will be enforced?

[Paradise City]

If they can't approach the 107% time anywhere during the weekend, they'll apply that rule. It's just dangerous having them crawling around.

My reading is that if they do run in practice but can't qualify, they shouldn't be excluded by the FIA from the championship outright although whether they get the prize money in that scenario I dunno. If they are too perilously far off the pace, the sponsors/suppliers will almost certainly pull the plug sooner rather than later. Also, who is picking up the transport tab? Booth seems certain he's going anyway.

[GT6]

I seem to remember them saying the same about Australia, we will see what happens but Bernie will not be very happy with them and will not be very forgiving if they do not match their promises

[bjohnsonsmith]

Originally Posted by GT6

I seem to remember them saying the same about Australia, we will see what happens but Bernie will not be very happy with them and will not be very forgiving if they do not match their promises

In that motorsport.com article he was downright scathing.

http://www.motorsport.com/f1/news/ma...ralia/?v=2&s=1

[bjohnsonsmith]

Originally Posted by GT6

Well let us hope that the new owners are not as clinical as that, however so far they are not giving any of us much convidence

Realitically, would teams like Force India, Lotus and Sauber be able to field a three car team?

[GT6]

I am not a Bernie fan far from it, but it seems that the new (well same as before) team at Manor are happy for someone else to pay for everything but not prepared to spend any of their own money, seems to me that they are not really the sort of people we all want running a team

[Mike Harte]

Originally Posted by GT6

I am not a Bernie fan far from it, but it seems that the new (well same as before) team at Manor are happy for someone else to pay for everything but not prepared to spend any of their own money, seems to me that they are not really the sort of people we all want running a team

I must admit that the way that the "new" team have managed to worm their way into this seasons championship, and will no doubt be looking for the "old" team's "prize money", all leaves me with a bad taste in the mouth. I am not a fan of these types of CVA or what is known as "pre-pack" administrations; both methods screw the creditors, especially the smaller ones who are often the least able to sustain the losses.

However, as far as the cost of the freighting of the team to Australia and beyond, in the grand scheme of things financial to do with FOM, it is a mere drop in the ocean. The aircraft were already chartered to fly out to Melbourne, and the only addition cost to FOM (if there is even one - the aircraft usually stay on the ground between flying the circus in and then flying them out again after the GP) would have been for the extra fuel burnt because of the extra weight, and even that can be mitigated to a point by the pilots and the way that they fly the aircraft.

[old man]

How do the organisers measure the number of starters?

Is it the number scrutineered, the number in Practice, the number in Official Qualifying, the number on the grid before the warm up or the number that actually start?

When we were involved in "Start Money" it meant just that so far as I can recall, you had to start the race to get paid.

As we outsiders understand it FOM are contracted to field 16 cars so are they in breach of contract?

[GT6]

Well who would they pay?, the track owners? the TV people? A shambles for sure

[Paradise City]

A starter is a driver that takes the lights. You DNS the race if you don't.

Schumacher's engine failed at the end of formation lap in France '96. He was a DNS.

[old man]

Originally Posted by GT6

Well who would they pay?, the track owners? the TV people? A shambles for sure

That would depend on who FOM have a contract with, one assumes that is the organising body of the race.

[GT6]

Well yet again no one knows, so lets just give the money to the lawyers after all the struggling teams do not need it. perhaps if F1 got itself sorted this mess would not continue to bleed the sport dry, sorry for the rant but if something is not done soon we will end up with cars driven not by the best drivers but by those that can afford the best lawyers

[GTRMagic]

Run or... Or Else!!

Hope Manor Marussia has nitrogen in the tyres, has petrol in the tank, has a fully functioning powertrain in the tail... and takes to practice & qualifying!

#RefuelManorMarussiaInMalaysia

[bella]

they've fired it up, so they must have scrounged one or all of the above from someone

[wnut]

Originally Posted by bella

they've fired it up, so they must have scrounged one or all of the above from someone

Got a 14 year old to hack Ferrari's server!

[karting]

Started, ran , put mileage on the car. Within 107%. I'd say it has been a successful Friday for them.

To top it off I think it is the prettiest car on the grid with the new nose style

[GT6]

Well they ran the car but it was very slow, made eeven the maclaren look fast