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

**sauppyshurb** · 08-07-2009, 08:34 PM

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

08-07-2009, 08:34 PM	#35
sauppyshurb Join Date Oct 2005 Posts 451 Senior Member	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
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