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26 Oct 2014, 19:01 (Ref:3468780) | #51 | ||
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Yeh, I guess so.
I was just thinking a little 'bigger picture', I guess. But the teams really do need to look after number 1 at this time, which is almost a shame, as I really feel they need to be banding together and making a statement that this is not feasible. Selby |
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26 Oct 2014, 20:40 (Ref:3468822) | #52 | ||
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sauber are skint. worth remembering that it's much more difficult to run up caterham sized debts in germany and switzerland because of the business culture, and there's also different rules about going into receivership etc. so i guess we need someone who understands that system to comment before we can begin to speculate too much. |
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26 Oct 2014, 22:00 (Ref:3468848) | #53 | ||
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Bit surprised the remaining sponsors for Marussia, and Caterham, have not pulled out yet!
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26 Oct 2014, 22:43 (Ref:3468867) | #54 | |||
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...will they be moving up the grid into the Sauber-zone? |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
26 Oct 2014, 23:06 (Ref:3468873) | #55 | ||
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I've said it before and I'll say it again, Bernie needs to stop taking it all out of the sport and leave enough in for the teams and the circuits, particularly the lower order ones struggling. At this rate there won't be F1 but at least BCE can finally retire and count his money instead.
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27 Oct 2014, 08:54 (Ref:3468993) | #56 | ||
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
27 Oct 2014, 09:42 (Ref:3469003) | #57 | ||
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Who likes Marussia, anyone?
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27 Oct 2014, 09:50 (Ref:3469004) | #58 | ||
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
27 Oct 2014, 10:33 (Ref:3469015) | #59 | |
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Marussia administrator now appointed...
http://joesaward.wordpress.com/2014/...dministration/ 'Geoff Rowley and Geoff Carton-Kelly, partners of FRP Advisory LLP, the specialist restructuring and recovery firm, have been appointed joint administrators to Manor Grand Prix Racing Limited, trading as the Marussia F1 Team.' |
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27 Oct 2014, 11:13 (Ref:3469024) | #60 | ||
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Isn't that somewhat irrelevant?
I like Formula 1, and Formula 1 needs teams, no matter what the guise. Also, those rumours on no Force India can't surely be true? If they are, fair play. Seems as though the floodgates have opened. It'd certainly send a message to one Bernie Ecclestone, that's for sure. At least he'd have to put that fat wad of money where his mouth is! You don't want the teams at the back? Fine. Try explaining to the circuits why you only have a minus 20 grid! Selby |
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27 Oct 2014, 11:21 (Ref:3469026) | #61 | ||
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Is there anyone turning up for Austin?
The Americans won't be best pleased with this either. |
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27 Oct 2014, 11:48 (Ref:3469038) | #62 | ||
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As it stand surely the talking point in Austin will be the demise of the teams and problems with F1, hardly a great platform to attract US brands into F1. |
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27 Oct 2014, 11:58 (Ref:3469041) | #63 | |
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if it was any other sport i'd say nah, the spin doctors will have everyone believing that they've just weeded out the unsustainable teams and whats left is a solid viable set of competitors in it for the long term. unfortunately this is f1, and nobody's really steering the ship....
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27 Oct 2014, 12:03 (Ref:3469042) | #64 | ||
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Mr Saward seems to be suggesting in the link above (which was added to by him just now) that the boys & girls at Manor may be looking to take over the entrants licence and technical crew of Caterham, and go again..
Wonder if the 'US backers' being mentioned are real, or fanciful wishful thinking |
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27 Oct 2014, 12:14 (Ref:3469045) | #65 | |
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sounded a bit hypothetical to be honest. i'm not sure getting hold of the caterham assets would be worth doing.
i'm still not totally sure i understand where this leaves the various entrants licences, and i *really* hope graeme lowdon has a future in the sport somewhere. it's a crying shame that jules' points from monaco are going to mean nothing. |
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27 Oct 2014, 12:20 (Ref:3469046) | #66 | ||
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Is Mr Lowdon back from Japan yet?
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27 Oct 2014, 12:44 (Ref:3469049) | #67 | |
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i think all the big cheeses left on the saturday of the russian gp weekend.
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27 Oct 2014, 12:51 (Ref:3469053) | #68 | ||
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27 Oct 2014, 12:58 (Ref:3469054) | #69 | ||
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27 Oct 2014, 13:21 (Ref:3469058) | #70 | ||
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27 Oct 2014, 13:25 (Ref:3469060) | #71 | |||
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Quote:
In any event two teams getting beached so publicly at this point in time is the worst time with the other teams trying to nail down sponsorship. Never mind getting new sponsors, such bad publicity could cause minor sponsorship flight of existing sponsors. Not good for Force India, Lotus, Sauber who are reportedly in grim financial difficulties. Really, it's unlikely all three teams will capsize of course but by equal measure one might say it's odds on, one of those teams will go under next year. |
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27 Oct 2014, 13:37 (Ref:3469064) | #72 | ||
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Lots of marketing jibber jabber in this article but clearly feathers are a bit ruffled in the US of A.
http://www.theguardian.com/sport/blo...io-andretti-f1 Article also says: 'CVC has made an estimated $8.2bn from its investment in Formula One since 2006 but its profits have not been reinvested in the sport.' Is that a credible figure? It is certainly an incredible one! http://www.cvc.com/Our-Portfolio.htm...=1431003124601 'In May 2006, CVC Funds acquired both Allsopp Parker & Marsh (APM), which markets and sells Formula One advertising and sponsorship packages, and Allsport Management, the leading provider of VIP hospitality at Formula One events. In 2007, CVC took control of GP2, a complimentary race series, bringing together all the revenues connected with the FIA Formula One World Championship.' Happy days for the 0.1%! |
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27 Oct 2014, 14:10 (Ref:3469072) | #73 | ||
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I doubt it's that simple but if CVC really have taken a huge amount of money from F1 over the years then it's time to give back to the sport that's probably paid for their yachts and private jets.
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27 Oct 2014, 14:10 (Ref:3469073) | #74 | ||
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Good article in the Guardian and spot on in my opinion..
Time to call it a day Bernie... |
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27 Oct 2014, 14:14 (Ref:3469075) | #75 | ||
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I would be fairy ****ed off if I was one of the COTA owners..
We are paying for a full grid of cars Bernie, you are FOM so sort it out if you are so smart... |
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