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11 Sep 2016, 01:00 (Ref:3671633) | #101 | ||
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This man Bernie has selling F1 once in a five years in average!
And in all "sellings" he's still the Supremo. Is like selling five or ten times the same car to different buyers. |
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11 Sep 2016, 12:06 (Ref:3671681) | #102 | ||
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I don't follow as closely as I used to but I don't remember BE selling, and re-acquiring his holdings. 'Links please, thanks....
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"Those were the days my friends. We thought they'd never end..." jimclark |
11 Sep 2016, 14:28 (Ref:3671688) | #103 | ||
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“We’re trying to close the doors without embarrassing ourselves, the France family and embarrassing (the) Grand American Series,” he said in the deposition. “There is no money. There is no purse. There’s nothing.” |
11 Sep 2016, 16:23 (Ref:3671698) | #104 | ||
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11 Sep 2016, 20:09 (Ref:3671740) | #105 | |
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The Silverstone Old Peculiar ...?
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11 Sep 2016, 22:12 (Ref:3671772) | #106 | ||
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"If you're not winning you're not trying." Colin Chapman. |
12 Sep 2016, 15:44 (Ref:3671902) | #107 | |||
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under the new ownership group it seems like the inevitable succession of power will be handled with some dignity. i think the sport is fortunate that it has (apparently) avoided what would have been a messy and potentially destabilizing transition period. |
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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 |
12 Sep 2016, 19:44 (Ref:3671952) | #108 | ||
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He will likely get paid for three years, but I say it is even odds he will see out his full three years "on the job". 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." |
12 Sep 2016, 20:44 (Ref:3671964) | #109 | ||
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yeah i think i spoke too soon. lol
grandprix.com running a story that there is already toruble in paradise and abu dhabi might be BE's last race. http://www.grandprix.com/ns/ns34774.html |
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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 |
12 Sep 2016, 21:17 (Ref:3671965) | #110 | |
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It seems someone finally has the guts to get rid of him. I only hope this new guy does for the good of the sport and doesn't try and introduce more gimmicks like reverse grids, chase for the cup or the blue shell
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He who dares wins! He who hesitates is lost! |
12 Sep 2016, 22:10 (Ref:3671978) | #111 | ||||
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Quote:
Some quotes from the article... Quote:
Quote:
I can imagine Marchionne basically saying... "This is how things work around here" and Malone saying... "Not anymore." Frankly, I can't even allow myself to believe this is true for fear it is not. 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." |
12 Sep 2016, 23:59 (Ref:3671986) | #112 | |
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Liberty Media's main interest will be how good the show is, so they will not pander to engineering companies trying to push their own profits if they are denigrating the quality of the product.
It will be interesting to see how this all plays out. Does anyone know who is advising Malone? Interesting to see where the FIA and Mr Todt come into play. |
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13 Sep 2016, 00:17 (Ref:3671990) | #113 | |||
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"If you're not winning you're not trying." Colin Chapman. |
13 Sep 2016, 03:05 (Ref:3672016) | #114 | ||
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I'm humble enough to admit I wouldn't have a clue how to run things. All I've got to say, which works in most cases, is to be careful what you wish for; you just might get it quite differently than you expected.
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"Those were the days my friends. We thought they'd never end..." jimclark |
13 Sep 2016, 08:13 (Ref:3672039) | #115 | ||
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To the best of my knowledge, this is not yet a done deal. Todt and the FIA have to agree the change of control, and have put out a statement to the effect that the proposal looks interesting, but they are awaiting more details. And, possibly more importantly, the sale has to be approved by the EU to ensure that it is not, or will not be, anti-competitive. And considering that the EU is already investigating the governance of F1 on two fronts, that approval may not be forthcoming.
There is still plenty of time for this to all fizzle out, just like the public offering in Singapore a few years back. But expect to see more "soundbites" as the major players jockey for position as top dog within the new proposed regime. |
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13 Sep 2016, 11:30 (Ref:3672061) | #116 | ||
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Last edited by wnut; 13 Sep 2016 at 11:38. |
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13 Sep 2016, 12:44 (Ref:3672086) | #117 | ||
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http://www.autobild.de/artikel/forme...-10770509.html According to Google translate, the conflict between Marchionne and Malone happened during prior negotiations and not after the deal was completed (at least prior to any pending governmental, etc. approval). I could be that Liberty has just been open as to their future intent prior to the deal closing and that involved parties such as Ferrari, etc. were somewhat involved in negotiations (either actively or as observers). Richard |
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13 Sep 2016, 13:08 (Ref:3672097) | #118 | |||
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Here is another Auto Bild article that interviews Monisha Kaltenborn... http://www.autobild.de/artikel/forme...-10766825.html Via Google translate it has them asking Kaltenborn about a decision on the EU investigation with her saying "We are confident that it should come soon." Does she know something? Timing is interesting given pending Liberty purchase? Clearly Liberty also is not blind to the investigation and may have heard in advance what moves on their end might help alleviate regulators concerns. This talk of challenging Ferrari's special payments, reducing costs of event tickets and more events in Europe are likely all things teams like Force India and Sauber plus the EU might consider to be good news. Additional reading also speaks to the issue that the FIA owns a 1% share in F1. That this could potentially be an issue, but more on the part of FIA and less for Liberty? Might the EU force FIA to sell their 1% and also frown upon the FIA if they decide to stop the sale? Richard |
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13 Sep 2016, 14:20 (Ref:3672118) | #119 | ||
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If Liberty wants more European races, I'm all in favour. Imola? Zandvoort? Somewhere in central or eastern Europe?
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13 Sep 2016, 14:21 (Ref:3672119) | #120 | ||
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Richard, you raise a number of good points, and I will try to answer as best as I know.
The complaint by FI and Sauber has been accepted by the EU, but the investigation hasn’t, to the best of my knowledge, started yet. In fact, the EU has been faced with so many complaints to deal with that they have now split the Investigations Department in two, one to look into commercial enterprises and the other into sports’ enterprises. F1 falls into the latter category. I believe, although I am not 100% certain, that once a complaint is accepted, the complainant has little influence on the investigation apart from any evidence that they may be prevailed on to provide. Recent comments in the media in the last couple of months seem to indicate that the investigation is nearly ready to begin. However, apart from this investigation, the Competition Commissioner has decided that the EU needs to look into the certain specific parts of F1, in particular the relationship between the FIA and DeltaTopco (and/or other linked enterprises such as FOM). This is principally because when the FIA was forced by the EU to divest itself of the commercial interests in F1 (back in ’99? when BCE was granted the exclusive rights to the commercial side of F1), it was a condition that the FIA couldn’t have any pecuniary interest in the commercial side of F1, n or exercise any control of same. Having broken the conditions of the agreement with the EU by accepting a free shareholding in DeltaTopco, and publically admitting that the FIA has to approve of any new controllers of the commercial interests over which they should not be in a position to exert control, I think it highly unlikely that the EU would allow the FIA to gain financially by selling their shareholding. I think it more likely that the EU will force the FIA to hand back their shareholding, and possibly forfeit any dividends/benefits received in the past. As is usual in these types of commercial deals, they are subject to regulatory approval, in this case by the EU as it’s a monopoly which is headquarted within the EU. The Ferrari part of the equation is complicated. Not only do they (historically) receive a larger slice of the financial pie than any other team (they receive almost as much as the combined portions of the lower teams), but they were also given a shareholding in DeltaTopco back when it was split off from the FIA. Whether they paid for that holding, I either don’t know or can’t remember. Whatever, I would hazard a guess that Liberty are fully aware of all of these hurdles that need to be overcome, and that any “contract” that they may have entered into with other parties is also full of plenty of get out clauses! And that Liberty won’t be taking over until all those hurdles have been cleared. |
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13 Sep 2016, 14:23 (Ref:3672120) | #121 | ||
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"If you're not winning you're not trying." Colin Chapman. |
13 Sep 2016, 14:38 (Ref:3672123) | #122 | ||
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From what I have read, they pay the costs for the teams that finish in the top 10 in the Constructors championship, therefore team finishing 11th misses out, but think some other complication if at the bottom of finishing in top 10 2 out of 3 seasons?
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13 Sep 2016, 14:43 (Ref:3672124) | #123 | |||
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I am not certain, but I don't think that FOM pays for team personnel. In fact, up until about 2007/8, many of the top teams used to charter their own executive jets for travelling for the top brass, as did a number of the top drivers. I believe that, currently, the only driver that has a chartered executive jet is Hamilton. |
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13 Sep 2016, 15:20 (Ref:3672128) | #124 | |||
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13 Sep 2016, 15:21 (Ref:3672129) | #125 | ||
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neither here nor there but there is still a fraternity among the drivers in that some of them fly to the races together. a few months ago Hulk posted this awesome pic to his twitter page.
https://twitter.com/HulkHulkenberg/s...rc=twsrc%5Etfw just going from memory but Coulthard is usually in these types of pics so im thinking its his charter or much more fun to believe is that he just hijacks the plane from Eddie Jordan and just leaves Jordan behind to wander around aimlessly in whatever country they have just left from! but yeah, totally perverse how the travel allowance/benefits are unequally distributed and leave one team out in the cold. as for the deal being ratified...to my understanding, the parties involved have all agreed in principle and a downpayment has been made. short of regulators blocking the deal, if Liberty, CVC, or any of the other signatories pull out now then i suspect they would face incredibly large financial penalties. to me this is a done deal. i would think that the EU looking into the FI/Sauber complaint is separate to the issue of the deal being ratified. rather this EU ratification process would happen on any deal in which a non european media company attempted to increase its market share through buying european content. |
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