Piquet Snr to buy BMW Sauber - Reports

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7th August 2009, 00:03
jso1985

Quote:

Originally Posted by DexDexter

He is also a bit like Briatore I hear, not a very nice person. He certainly made quite rude comments about Nigel Mansell's wife when they were team mates back in the 80's, so maybe he could actually be a good team owner/manager, like Flavio.

He just had/has a sense of humour that only SouthAmericans might understand, we joke that way without meaning to be rude.

After watching "W" the other day I'm starting to relate Nelsinho to George W! how many favours from daddy he needs or is he trying to hard to impress him? luckily there's no Jeb Piquet career to screw :p
7th August 2009, 11:11
Knock-on

Quote:

Originally Posted by ClarkFan

But the real question the Board has to face is how much a 2nd-tier F1 team is worth in a rotten economy, without a Concorde revenue stream. The team currently leading both the WDC and WCC can't find a decent lead sponsor. Aside from the wind tunnel, getting $0.05 for 80% of the rest of the operation may represent $0.05 more than fair market value. Shutting it down gets $0.00 less severance/layoff costs.

ClarkFan

You have to wonder what the options are.

Perhaps they have other options on the table, perhaps they don't.

What I do know is that they will have committments for next year and it isn't as easy as just shutting shop.

I suggest all sides better just sit down and decide what is the best way forward or stop pissing in the wind and wind it up.

Forget all the huff and puff about the concord agreement. (Was there ever a better example of misnaming than calling that contract Harmonious :rolleyes: ) The agreement can be sorted out retrospectivly if necessary.

However, they do need to have this resolved in the next few weeks why there is still a team.

As you say, how much is a failing team worth now? Honda did well to get out as cleanly as they did which was before the recession really bit.
7th August 2009, 13:10
Cooper_S

Quote:

Originally Posted by Knock-on

What I do know is that they will have committments for next year and it isn't as easy as just shutting shop..

Like what?

By not signing the agreement they are no longer committed to F1 for the next 3 years... (that was a factor in announcing the withdrawal so suddenly was it not) and so the £100,000,000+ cost of that is pure savings, they still own 80% of any freehold land and assets... and any costs involved in redundancies will soon be outweighed by the money they will save by walking away.
7th August 2009, 13:31
Sonic

Quote:

Originally Posted by fousto

Absolutely Truefan but just the mention of BMW to the Euro's and DOCTOR Theissen can do no wrong. He is a Loser and now has screwed the lives of 700 people. Look how classy Hond'a departure was in comparison.

Whilst I don't agree with the general sentiment and general anti-european stance you do at least make one valid point.

Honda have bent over backwards to provide Brawn with everything required to succeed and all without any favourable publicity for who outside of the die hard fans know what Honda have done for Brawn GP? Whereas BMW seem to be out for as much as they can get - just another reason we are well shot of them.
7th August 2009, 13:34
Knock-on

Quote:

Originally Posted by Cooper_S

Like what?

By not signing the agreement they are no longer committed to F1 for the next 3 years... (that was a factor in announcing the withdrawal so suddenly was it not) and so the £100,000,000+ cost of that is pure savings, they still own 80% of any freehold land and assets... and any costs involved in redundancies will soon be outweighed by the money they will save by walking away.

Do they own the land and buildings or are they contracted to them?
When are the drivers contracts due?
Who wants to buy the assets of a specialist F1 racing team in this climate?
What over comittments are in place with suppliers / partners?
What are the contractual implications and get out clauses with sponsors?

That should do for a few million starts ;)
7th August 2009, 14:29

Quote:

Originally Posted by fousto

He is a Loser and now has screwed the lives of 700 people. Look how classy Hond'a departure was in comparison.

Eh?

You are talking about the same Honda who dropped their bombshell of a pull out three weeks before Christmas with the workforce thinking it was secure for 2009 as it had been winter testing two weeks earlier?

Stop talking out of your arse for once and deal with facts.
7th August 2009, 14:32
V12

Quote:

Originally Posted by Sonic

Whilst I don't agree with the general sentiment and general anti-european stance you do at least make one valid point.

Honda have bent over backwards to provide Brawn with everything required to succeed and all without any favourable publicity for who outside of the die hard fans know what Honda have done for Brawn GP? Whereas BMW seem to be out for as much as they can get - just another reason we are well shot of them.

Agreed - I clicked on this thread to post a Honda/BMW comparison but this sums it up nicely.
7th August 2009, 14:53
Cooper_S

Quote:

Originally Posted by V12

Agreed - I clicked on this thread to post a Honda/BMW comparison but this sums it up nicely.

Then you are both guilty of the same delusion.... well done you.
7th August 2009, 14:59
Cooper_S

Quote:

Originally Posted by Knock-on

Do they own the land and buildings or are they contracted to them?
When are the drivers contracts due?
Who wants to buy the assets of a specialist F1 racing team in this climate?
What over commitments are in place with suppliers / partners?
What are the contractual implications and get out clauses with sponsors?

That should do for a few million starts ;)

1. They own them...
2. Kubica's ends this season, Heidfield's next but I suspect that will cost peanuts.
3. Assets are assets, F1 are not the only people who could make use of them, and the climate will change again.
4. Who knows..
5. Who knows..

The point is paying redundancies, mothballing the assets, paying off sponsors will still be less than competing one season in F1... even if it was equal, BMW are no longer tied to competing to 2012 so will still be saving money long term.
7th August 2009, 15:14
Hondo

Maybe BMW has no intention of leaving F1, at least not permanently. Maybe they want a chance to see how the FOTA-EU-FIA thing is going to shake out.

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