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5 Jun 2020, 15:02 (Ref:3980347) | #1451 | |
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I wonder how much Williams regret not giving Newey a bigger stake in the team? After all it wasn’t like he was trying to take over the team. He would have been perfect to take Head’s role when he moved aside. Of course Adrian might not have still been there now, but at least they would have had more to show for their efforts in recent times
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5 Jun 2020, 16:54 (Ref:3980364) | #1452 | ||||
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And from a $ amount is it more or less now? Why did they sign it? Quote:
Last edited by Adam43; 5 Jun 2020 at 16:59. Reason: Edit watched a bit of the video. |
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6 Jun 2020, 06:28 (Ref:3980426) | #1453 | |
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Williams actually benefited more than some of the lesser teams as in BE's agreement it got a 'heritage' payment per year in addition to the teams payments from WCC finishing positions.
Both Williams and McLaren have been impacted by fluctuating and in some cases poor performance in recent years which has hit revenue from FOM and sponsorship. For McLaren it is ironic to see the position they are in now, allegedly Ron D having failed to secure new sponsors for the team declaring that the team did not need sponsors as it could be supported by McLaren Automotive - which did not find favour with the other shareholders, he then failed to raise the funding to buy McLaren back which further soured relations and ended up selling his stake to the newly created McLaren Group. Now the McLaren Group is cutting 1,200 jobs and had to raise expensive funding, part of which is to apparently make the final payments to Ron D when he sold his stake in McLaren... OT - apologies! |
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6 Jun 2020, 09:39 (Ref:3980444) | #1454 | |
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I had a very restless night for no reason whatsoever but I've got this lurking in my brain...
Did I read that Toto had bought back in to Williams as a shareholder? Edit: yes I did. No it wasn't a dream. https://mobile.twitter.com/PeterDWin...21625467801600 |
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6 Jun 2020, 12:14 (Ref:3980470) | #1455 | ||
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Richard |
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6 Jun 2020, 13:31 (Ref:3980485) | #1456 | |||
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6 Jun 2020, 14:08 (Ref:3980493) | #1457 | |
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Another thought on his Williams investment. It may be mostly philanthropic. They may have needed some funding and he stepped up.
Richard |
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6 Jun 2020, 17:13 (Ref:3980518) | #1458 | ||
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The Aston connection may he a red herring. This is a company facing massive losses atm. But a bigger bite of Williams, if as I suspect, Merc corporate are getting cold feet, would mean continued involvement. And then Aston engine supply.
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6 Jun 2020, 17:36 (Ref:3980524) | #1459 | ||
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Who makes the Aston engine?
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6 Jun 2020, 17:41 (Ref:3980525) | #1460 | ||
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Indeed.
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6 Jun 2020, 17:51 (Ref:3980527) | #1461 | ||
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Agreed, but as the Mercedes GP Principal (who supply engines to Williams and RP/ AM) and a shareholder in Williams and AM he will have considerable clout.
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6 Jun 2020, 20:24 (Ref:3980543) | #1462 | |
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If Mercedes pull out there will still be the talented Ilmor engineers who may not want to retire just yet.
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6 Jun 2020, 20:48 (Ref:3980546) | #1463 | ||
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If the chassis side pull out then there will still be the talented Tyrell engineers who may not want to retire just yet
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7 Jun 2020, 10:01 (Ref:3980660) | #1464 | |
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Could be see a Brawn style buyout like it did when Honda pulled out?
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7 Jun 2020, 12:22 (Ref:3980675) | #1465 | ||
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Is the Williams corporate entity going to give Claire full ownership? How is their debt erased? I think what you are really trying to say is if a white knight shows up and buys the team? If sold (vs liquidation) it's probably going to be one of these options... 1. Existing known single individual (maybe with funding from a consortium) in the sport. Think Toto Wolf. 2. Someone who has been looking to get into F1 but hasn't made it work. Think Dmitry Mazepin. 3. An assembled consortium that is totally new. 4. An existing team such as Mercedes. Richard |
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7 Jun 2020, 17:40 (Ref:3980722) | #1466 | |
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Could we see a Merc junior team?
After all Latifi was testing two year old Mercs. Russell is Merc tester. Mazepin has been testing old Mercs too. |
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8 Jun 2020, 11:02 (Ref:3980795) | #1467 | ||
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I wonder who owns Paddy Lowe's shares?....
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8 Jun 2020, 11:29 (Ref:3980799) | #1468 | |
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Not sure he ever really had more than options.
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8 Jun 2020, 16:41 (Ref:3980852) | #1469 | ||
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Sure looking back with knowledge of the situation today you think why not give Newey a stake, or count to ten and let BMW become shareholder in the early 00s, or even just 2 years ago make it work with Stroll. However Williams got to the toplevel by being independent and survived/outlived essentially everyone by remaining independent. To me therefor it is very logical that a 'fire sale' is the way it is going to end. Quite simple, if they didnt need to sell they'd stay around running the team, and the only way to stop that is either the team going broke, or being that close to going broke that they will be taken over by someone else. |
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10 Jun 2020, 13:04 (Ref:3981134) | #1470 | |
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Reports are that the interested parties are - Latifii, Mazepin and Nissany - all with an eye to their sons career...
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10 Jun 2020, 13:43 (Ref:3981141) | #1471 | |
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Nissany.... Ouch!
Unrelated. Do we know if the Williams name is part of the potential sale? If it is, I do wonder if whoever buys the team will keep the name. To go along with my categories I list above as to "type" of buyer. I suspect most would keep the Williams name (I would). But if the team is bought by someone looking to push their kids career, I can see the team being rebranded and maybe the name being lost. However, if someone is looking to rebrand, they may not care to pay for the name and the Williams family may keep it. With it potentially showing up in the future in some form. Also, is there any serious chance that the Williams family will remain connected to the team post sale? I am sure they would prefer to be left in charge, but who in their right mind would buy the team and leave the management structure in place? Would there maybe be space for Frank as "Ambassador" or some other ceremonial title? I even feel a bit nauseous typing this stuff out, such is my grief at the potential loss of the Williams name in F1. Richard |
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10 Jun 2020, 14:10 (Ref:3981151) | #1472 | |||
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If Frank were to remain connected, he could become Chairman Emeritus like Bernie did with the Formula One Group. |
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10 Jun 2020, 14:25 (Ref:3981152) | #1473 | |||
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If Williams GP was sold, I would expect it would go the same way of Frank Williams Racing Cars, and be re-named by the new owners? Or would it follow the McLaren route and retain the name of the founder, despite there being no involvement? |
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10 Jun 2020, 14:26 (Ref:3981153) | #1474 | |
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Yes I remember the Lotus naming rights row, although the problem there was that there were two different Lotuses. Williams only have their performance engineering on the side, so they don't have a different company related to it for now
Of course it is still Frank's team, but he doesn't really run it anymore. I guess he feels his time in F1 is over, which is understandable. Maybe he did think about helping run F1 one time, but as he's become less and less involved, I can't see it happening now. |
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10 Jun 2020, 14:35 (Ref:3981157) | #1475 | ||
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I hope if the name remains with the team that any future caretaker values the history and importance to the name. I hope the team remains named "Williams". Richard |
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