Out of a wish to be seen as nice and cuddly?Quote:
Originally Posted by Mark
Printable View
Out of a wish to be seen as nice and cuddly?Quote:
Originally Posted by Mark
I can't imagine that Administrators are swayed by emotional issues too often. Otherwise they wouldn't be Administrators!Quote:
Originally Posted by BDunnell
10k for enough timing and tracking equipment to cover a whole WRC with many different stages, and no doubt lots of comms and computer gear sounds like a little under-done to me!!
Hence my use of 'be seen to be'.Quote:
Originally Posted by rallyfiend
But as they point out it's worthless without their expertise and software, they are basically saying to the administrators, take £10,000 or get nothing. The administrators are legally obliged to minimise their losses.Quote:
Originally Posted by rallyfiend
It is a strange situation when NOS owe this company £1million and they are detaining the equipment. Do NOS actually own the equipment and just employ S1T to service it?
I think S1T is the rebranded ISC-T, so in essence this company used to be owned by NOS, and this changed at the start of 2011 season. Given this situation, there may be all sorts of complications over ownership of IP that has been left out of the emotive Open Letter from S1T.Quote:
Originally Posted by RS
And the problem is that the administrators see purely in cash terms, they don't care if they disrupt the running of the Monte Carlo Rally or not.
I wonder if this collapse and subsequent fiasco would have influenced Fords decision had this happened before they announced their decision to stay? Right now what exactly are the teams getting for all their investment? The only two bits of exposure that have stood out lately were the full page adverts by MINI and Škoda.
I wonder how long they have been in trouble though and whether the FIA should have terminated their contract as soon as Antonov was arrested. The article linked to above states North One Television (separate company?) are owed £3m, S1T £1m, alledgedly the FIA haven't seen much of the money they are due for the rights...