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Old 20 Feb 2018, 14:57 (Ref:3802661)   #151
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We'll have to wait and see how far they can get with this
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Old 20 Feb 2018, 15:36 (Ref:3802678)   #152
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weren't there also rumours last year that Bernie was also somehow in the picture?
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Old 20 Feb 2018, 15:48 (Ref:3802680)   #153
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weren't there also rumours last year that Bernie was also somehow in the picture?
I can't see him BE back in F1 to that extent, sure there is the 'romantic' attachment of bringing the Brabham name back for him (again!), but he is a pragmatist and knows it is not an 'investment' as he sees the term.
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Old 20 Feb 2018, 15:57 (Ref:3802685)   #154
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if he's still a pragmatist at his age then he knows he cant take his money with him when he goes!

best to spend it now and cause some trouble for everyone on his way out the door!

but yeah, no idea if there was any credible source for the rumour or just an idea spurred on by the obvious nostalgic romanticism of the idea.

would be cool though to see him back and fighting on the side of the teams again.
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Old 20 Feb 2018, 16:16 (Ref:3802687)   #155
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I can see Bernie and even jointly with his bad old pal Flavio become part owners in Force. What a den of thieves that team would be!

Flavio has wheeled and dealed in F1 teams before and Eccelstone has invested and bought football teams after his obvious Brabham stint almost as play. A minority but significant stake in this team wouldn't be outside the realms of reasonable speculation.
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Old 20 Feb 2018, 16:57 (Ref:3802693)   #156
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Flavio is I believe on his way to do a stint in the slammer for tax evasion and fraud. He was given a fairly hefty sentence, appealed it and had the term reduced to I believe 18 months, and is again I believe appealing the reduced sentence. It was to do with bogus chartering of his luxury yacht, which has been confiscated. Bottom line is it looks as if he will likely be 'out of the office' for a while.
Unless, as per the last time he was jailed,before his F1 days, he becomes a fugitive again and relocates to some obscure non extradition nation. (Last time he shacked up in the Virgin Islands.)
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Old 20 Feb 2018, 17:05 (Ref:3802696)   #157
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Flav isn't going anywhere near "inside" E.B. Too much in the slush fund slopping around...
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Old 20 Feb 2018, 17:10 (Ref:3802697)   #158
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Flav isn't going anywhere near "inside" E.B. Too much in the slush fund slopping around...
Yes I feel he will find a way out of it. I seem to recall his last (pre F1) sentence was quashed after his mysterious contribution of a few mill to unknown 'government funds'.
But following Crashgate and this he might find it difficult to prove his suitability to own an F1 team. There are I guess always ways around these matterswhen well connected.
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Old 20 Feb 2018, 17:41 (Ref:3802710)   #159
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Flavio is I believe on his way to do a stint in the slammer for tax evasion and fraud. He was given a fairly hefty sentence, appealed it and had the term reduced to I believe 18 months, and is again I believe appealing the reduced sentence. It was to do with bogus chartering of his luxury yacht, which has been confiscated. Bottom line is it looks as if he will likely be 'out of the office' for a while.
Proper order.
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Old 20 Feb 2018, 18:42 (Ref:3802731)   #160
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E.B...He will put a dress on and be BE's "unpaid" secretary
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Old 20 Feb 2018, 19:19 (Ref:3802749)   #161
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E.B...He will put a dress on and be BE's "unpaid" secretary
tempted to ban you for that mental image to be honest
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Old 20 Feb 2018, 20:41 (Ref:3802764)   #162
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if he's still a pragmatist at his age then he knows he cant take his money with him when he goes!

best to spend it now and cause some trouble for everyone on his way out the door!

but yeah, no idea if there was any credible source for the rumour or just an idea spurred on by the obvious nostalgic romanticism of the idea.

would be cool though to see him back and fighting on the side of the teams again.
Didn't you know that BCE is immortal! Apart from which, most of his assets are in trust in one way or another, although I don't know who the beneficiaries are now (a lot of it is "controlled by his ex-wife, mother of the two girls).

But it must be remembered that it was BCE who "arranged" the sale of the Spyker team to Mallya. He has a knack of doing deals which is why he also unloaded his and Flavio's shareholding in the soccer team QPR on to Tony Fernandes.
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Old 21 Feb 2018, 10:06 (Ref:3802851)   #163
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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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Old 21 Feb 2018, 11:24 (Ref:3802881)   #164
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Look at the shop and you'll see where the name comes from. http://richenergy.com/
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Old 21 Feb 2018, 13:14 (Ref:3802903)   #165
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Flip me that's producing some profit for him. Yes F1 would be a good fit to that brand - over priced & over hyped

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Old 21 Feb 2018, 16:17 (Ref:3802951)   #166
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Joe Saward reporting that a British energy drink brand called Rich Energy (anyone heard of them...) is in talks to buy FI for $280m...
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.
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Old 21 Feb 2018, 16:57 (Ref:3802958)   #167
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Joe Saward reporting that a British energy drink brand called Rich Energy (anyone heard of them...) is in talks to buy FI for $280m...
Autosport is deeply sceptical about whether they have access to that kind of cash. Perhaps partnering with someone who has deep pockets?
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Old 21 Feb 2018, 17:10 (Ref:3802965)   #168
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Force India has been on the market for some considerable time, but I think that any potential buyer who conducts in depth due diligence investigations may be rather cautious about concluding a purchase because of fears about it's funding in the past.

One has to bear in mind that one of the owners (Sahara) is languishing in an Indian prison because he cannot raise the money required to fund his bond. Meanwhile, Mallya is holed up in luxury in the UK and is fighting extradition proceedings for his return to India to also face corruption charges over his failed airline and other business interests.

It is alleged that both men have funded Force India by monies diverted from companies that that were either failing or were in need of rescuing. If that is the case, any purchaser may find that the asset that they bought being snatched out of their hands by the Indian authorities to compensate those alleged to have been defrauded in India.
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Old 21 Feb 2018, 17:19 (Ref:3802969)   #169
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Ok...Am I being thick or what? I've looked at the "Shop" on the Rich Energy website. Who are we talking about that is buying?
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Old 21 Feb 2018, 17:37 (Ref:3802974)   #170
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Ok...Am I being thick or what? I've looked at the "Shop" on the Rich Energy website. Who are we talking about that is buying?
I assume that Peter is referring to being "rich", or possibly plain stupid, to be able to afford to by the gunk.
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Old 21 Feb 2018, 18:33 (Ref:3802986)   #171
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Thanks Mike...Thought it was me..
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Old 21 Feb 2018, 18:47 (Ref:3802990)   #172
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Old 23 Feb 2018, 06:38 (Ref:3803317)   #173
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Old 23 Feb 2018, 13:48 (Ref:3803400)   #174
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Autosport is deeply sceptical about whether they have access to that kind of cash. Perhaps partnering with someone who has deep pockets?
if they had the kind of money a bid for force india suggests, they’d have made sowery’s life a bit easier in racing i think it’s posturing by the people behind the company to attract investors. have a look at the accounts on companies house. nowt going on there.
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Old 23 Feb 2018, 21:12 (Ref:3803482)   #175
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What, you mean a story in motor racing based on hubris and bullshit? Surely some mistake!!!!???!!!

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