[Team] Racing Point: What now for Force India

[Richard C]

Originally Posted by dsg

Is there anything to suggest he's interested in financing a Formula One team?

If we're doing this for every Indian billionaire it could take a while.

Agree. There seems to be nothing in that article related to F1 or racing in general. There seems to be some interest in making money from the "sports" market. F1 is NOT the place to make money, it is where money goes to die.

Originally Posted by BSchneiderFan

Is there any reason to think Force India will be bought by an Indian concern? No-one has been among the rumoured buyers. Myself, I’m rather hoping for Michael Andretti.

I feel the same regarding Andretti. I wonder if Andretti would fit the mold that the other second tier teams are looking for? Would he as a new owner speed or hinder the FI sale?

Richard

[BSchneiderFan]

Autosport reports that the deadline for expressions of interest in the team passed today.

[Richard C]

Originally Posted by BSchneiderFan

Autosport reports that the deadline for expressions of interest in the team passed today.

https://www.autosport.com/f1/news/13...t-for-survival

Quote from Autosport article...

"Mercedes may need a commitment to its full debt being paid off to transfer its engine contract to the new company, or it could consider the survival of the team, and what it offers long-term, sufficient or partial compensation."

This is not my area of expertise, but is Mercedes in the drivers seat to a degree? As one of the largest (the largest?) creditor, can they accept or decline specific deals based upon who is trying to acquire the team? Meaning, if someone they don't like is trying to work a deal then Mercedes asks for more as part of the settlement? If it is someone they like, they can accept a lesser (or $0) settlement to make the deal happen?

Richard

[loon]

McLaren should buy Force India, then they could get their hands on Mercedes engines and throw their old cars in the skip

[Richard C]

Originally Posted by loon

McLaren should buy Force India, then they could get their hands on Mercedes engines and throw their old cars in the skip

I assume the engine contracts ensure Mercedes has a say who get's their engines. It's not like Ferrari could buy FI and then expect Mercedes to hand over an engine for inspection!

Richard

[S griffin]

I hope Force India find someone soon. It would be a big shame if they weren't on the grid next season

[BSchneiderFan]

Well, as has been pointed out, the administrators will want a sale sooner rather than later, as they’re currently paying the team’s bills. Fingers crossed for a speedy resolution.

[GTRMagic]

Left field.. Team Force Spain..
Paid for by Repsol/Telefonica/MoviStar/Estrella Garcia and every other Spanish brand...

With Mr Sainz in one car and...

[ASCII Man]

Pedro de la Rosa with yet another comeback!

[BSchneiderFan]

Marc Marquez.

[peebee2]

How different is Estella Garcia from Estrella Galicia?

[crmalcolm]

Originally Posted by peebee2

How different is Estella Garcia from Estrella Galicia?

About half a second on autocorrect!

[BSchneiderFan]

Lawrence Stroll owns a Ferrari dealership in Québec. Relevant?

[Richard C]

Originally Posted by BSchneiderFan

Lawrence Stroll owns a Ferrari dealership in Québec. Relevant?

Daddy Stroll buys Ferrari! Lance to be new #1 at Ferrari. Vettel to act in supporting role via team orders. Traditional red cars now to feature a large red maple leaf. You read it here first!

Richard

[Hawkwood]

Stroll Snr saves the team:

https://www.bbc.co.uk/sport/formula-one/45105296

Force India out of administration then!

[Nikki Katz]

I guess that’s good? I mean it’s good we’re not losing a team, but it’s a decent seat to a pretty meh driver and it doesn’t really address the Mercedes b team issue at all

[Aysedasi]

I wonder what Merc think about it.......?

[BSchneiderFan]

This wouldn’t have been my preferred outcome but at least the team is safe for now. Lance is presumably bound there, so Ocon to Williams, maybe?

[P38 in workshop]

I'm glad the jobs have been saved and I hope the suppliers receive their due sums.As for speculating about Lance Stroll's future,I would imagine that his contract with Williams would include a clause about all sums promised being paid in the event of a wish to leave-SFW has been there,seen it and done it with regard to most situations.

[BSchneiderFan]

The priority for the new owners, I assume, has to be getting the other teams to agree that they should inherit Force India’s right to prize money. A second-order issue, which I think also requires the agreement of the other teams, is a name change. You would think Checo would want to stay, provided he can be reassured that he’ll get paid henceforth. Not many other seats available.

[peebee2]

Not sure other teams need agree as, unusually, the business came out of administration so it should be the same entity as before, just with fresh shareholders.

[Moneyseeker]

Originally Posted by P38 in workshop

I'm glad the jobs have been saved and I hope the suppliers receive their due sums.As for speculating about Lance Stroll's future,I would imagine that his contract with Williams would include a clause about all sums promised being paid in the event of a wish to leave-SFW has been there,seen it and done it with regard to most situations.

You don't get to be a billionaire by handing over cash for nothing and no doubt he will cite Williams lack of performance and sending his son out in a dangerous car at Silverstone as examples that he has not received the level of performance he had paid for. Could be the end for Paddy Lowe as Williams reassess the business plan.

Sent from my SM-T580 using Tapatalk

[Hawkwood]

Originally Posted by BSchneiderFan

The priority for the new owners, I assume, has to be getting the other teams to agree that they should inherit Force India’s right to prize money. A second-order issue, which I think also requires the agreement of the other teams, is a name change. You would think Checo would want to stay, provided he can be reassured that he’ll get paid henceforth. Not many other seats available.

Unless changing the team name for 2019 makes it a different team, I don't think the above would apply in this case.
As mentioned above, the team (for now at least) remains the same, so it'd be them receiving their own prize money - no problem.
And iirc a team only needs the others teams to agree a name change if they change name more than once in a five year period. I know that used to be the case, as this is how Force India got its own name, and I've not seen a change to this rule, though I could have missed it.

[B0U170NS]

It would be quite ironic if it is Perez who leaves the team for Stroll, when Perez has partly saved the team with his legal action. I wouldn't be surprised though. Money won't be an issue now and Ocon won't be leaving if they become the Mercedes B team

[S griffin]

The important thing is that the team is saved. I’ll reserve judgement on what Stroll snr does till I see it