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

**anatmob** · 08-07-2009, 09:59 PM

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.

08-07-2009, 09:59 PM	#38
anatmob Join Date Oct 2005 Posts 598 Senior Member	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.
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