DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Piquet Snr to buy BMW Sauber

**sauppyshurb** · 08-07-2009, 06:11 PM

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

) 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.

08-07-2009, 06:11 PM	#32
sauppyshurb Join Date Oct 2005 Posts 451 Senior Member	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 ) 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.
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