Vettel to replace Alonso at Ferrari

[The Hypno-Toad]

suffolk009 said:

It appears Alonso has been played for a chump.

I'm getting the feeling that unless he finds his way into 3 car Mercedes team, however this plays out he has indeed been stitched up like a kipper.

[Vaud]

The Hypno-Toad said:

I'm getting the feeling that unless he finds his way into 3 car Mercedes team, however this plays out he has indeed been stitched up like a kipper.

Or he has stitched himself up. I cannot understand why he would leap and ask to be released without a pre-contract agreement in place.

[HTP99]

The Hypno-Toad said:

suffolk009 said:

It appears Alonso has been played for a chump.

I'm getting the feeling that unless he finds his way into 3 car Mercedes team, however this plays out he has indeed been stitched up like a kipper.

Regardless of the rumours that are doing the rounds about xyz or abc is happening, I thought a while ago that Alonso has royally screwed up somewhere.

[ajprice]

If Marussia and Caterham are still around next year, they might be his only option

https://www.youtube.com/watch?v=YPQkYxxftfU

Massa will be pissing himself laughing!

[kiseca]

Perhaps he had a verbal agreement with Luca and it all went belly up with his departure?

[trashbat]

Europa1 said:

I agree to a certain extent - looks like only 10% will end up in "public" hands (eg merchant banks, pension funds etc). However, it does read as though the remaining 90% is being redistributed - I had understood Ferrari is currently a 100% subsidiary of Fiat, whereas the article suggests that this will now end up in the hands of Fiat and Chrysler stockholders - anyone know what the shareholder base is at that level?

Ferrari is 90% owned by Fiat-Chrysler, not 100%. Fiat-Chrysler (FCA) shareholders are just Fiat SpA shareholders from a month or so ago; there were never any Chrysler shareholders. Exor (Agnelli family) own 30% of FCA so a big old chunk of Ferrari stays right where it is. Beyond that, I'm not sure what you mean by your question.

[Shelsleyf2]

The Current state of F1 and the possible future, a nice piece by Joe.
Is Bernie just gonna milk it to death?.


http://joesaward.wordpress.com/2014/10/23/knock-on...

[Likes Fast Cars]

trashbat said:

Europa1 said:

I agree to a certain extent - looks like only 10% will end up in "public" hands (eg merchant banks, pension funds etc). However, it does read as though the remaining 90% is being redistributed - I had understood Ferrari is currently a 100% subsidiary of Fiat, whereas the article suggests that this will now end up in the hands of Fiat and Chrysler stockholders - anyone know what the shareholder base is at that level?

Ferrari is 90% owned by Fiat-Chrysler, not 100%. Fiat-Chrysler (FCA) shareholders are just Fiat SpA shareholders from a month or so ago; there were never any Chrysler shareholders. Exor (Agnelli family) own 30% of FCA so a big old chunk of Ferrari stays right where it is. Beyond that, I'm not sure what you mean by your question.

As I recall there is also a small shareholding which is still in the hands of the Ferrari family, hence the presence of Ferrari on the Board of Ferrari (as opposed to being on the Board of FCA). It is a slightly unusual shareholding structure.

[trashbat]

Likes Fast Cars said:

As I recall there is also a small shareholding which is still in the hands of the Ferrari family, hence the presence of Ferrari on the Board of Ferrari (as opposed to being on the Board of FCA). It is a slightly unusual shareholding structure.

That's the other 10% - Piero Ferrari owns it.

[Bonefish Blues]

kiseca said:

Perhaps he had a verbal agreement with Luca and it all went belly up with his departure?

If so, he's an idiot.

[Likes Fast Cars]

Shelsleyf2 said:

The Current state of F1 and the possible future, a nice piece by Joe.
Is Bernie just gonna milk it to death?.


http://joesaward.wordpress.com/2014/10/23/knock-on...

Thanks for posting, an interesting read and well reasoned.
Joe hits the nail on the head towards the end when he again highlights lack of transparency, lack of any succession plan, etc., CVC's pursuit of high returns will not happen unless these fundamental business issues are addressed.
Unfortunately, it's us - the fans - who (will) suffer.

[JonRB]

I think that if all the teams got a bigger slice of the financial pie, rather than Bernie gorging on the majority of it, then things might be a little better. Also the divvying up of the small slice of the pie that the teams do get is heavily weighted to the front runners. They also get perks like free freight once they get a certain number of points.

So rather than capping budgets, why not let teams have more of the vast sums of money that are generated by F1?

[Likes Fast Cars]

JonRB said:

So rather than capping budgets, why not let teams have more of the vast sums of money that are generated by F1?

That would be far too sensible ....

[Bonefish Blues]

Likes Fast Cars said:

JonRB said:

So rather than capping budgets, why not let teams have more of the vast sums of money that are generated by F1?

That would be far too sensible ....

Sorry, is this in some parallel universe where Bernie's not involved?!

[Megaflow]

Likes Fast Cars said:

Shelsleyf2 said:

The Current state of F1 and the possible future, a nice piece by Joe.
Is Bernie just gonna milk it to death?.


http://joesaward.wordpress.com/2014/10/23/knock-on...

Thanks for posting, an interesting read and well reasoned.
Joe hits the nail on the head towards the end when he again highlights lack of transparency, lack of any succession plan, etc., CVC's pursuit of high returns will not happen unless these fundamental business issues are addressed.
Unfortunately, it's us - the fans - who (will) suffer.

I wonder if this is a ploy by the teams to rest control for Bernie. Bernie has contracts which state he has to supply X number of cars, but if some teams fail, he is then reliant on the other teams to provide more cars to keep his agreements. The very same teams he screws over by keeping the vast majority of the cash.

Apparently if he fails to supply said number of cars, the FIA can regain control of the media rights.

[The Hypno-Toad]

Megaflow said:

Apparently if he fails to supply said number of cars, the FIA can regain control of the media rights.

I was not aware of that, how very interesting...

JonRB said:

So rather than capping budgets, why not let teams have more of the vast sums of money that are generated by F1?

That is quite literally the multi-billion dollar question.

Along with why does a company that is run by the bosses of the sport take away sponsors from the actual teams without seemingly putting money back in to either the sport or the circuits? (Trackside advertising)

[HDM]

Megaflow said:

Apparently if he fails to supply said number of cars, the FIA can regain control of the media rights.

Cue Bernie's daughters driving round, yikes!

Team Spoiled Daughters

[HDM]

suffolk009 said:

Just looking at the F1 roundups this morning. The general feeling seems to be that Alonso is refusing to go without getting a big severance cheque. Further speculation is that Ferrari are unwilling to pay him off because they know he wants to leave.

I suppose their reasoning is that if they have to pay him for 2015 anyway then why release him. (just make him turn up and sit in his big red chair at the back of the garage for all the race weekends).

I understand Ferrari's position, if you're going to have to pay him then why let the competition benefit.

If this speculation is all true then it appears Alonso has been played for a chump.

I seem to recall when Kimi was paid off there was a condition that if he took another F1 drive the following year , his payoff did would be annulled, one of the reasons he went rallying.

So if Alonso is trying to get severance, and land a drive next year, he may be up poop creek in a chickenwire canoe!

[Likes Fast Cars]

HDM said:

I seem to recall when Kimi was paid off there was a condition that if he took another F1 drive the following year , his payoff did would be annulled, one of the reasons he went rallying.

So if Alonso is trying to get severance, and land a drive next year, he may be up poop creek in a chickenwire canoe!

Yes that was the case with Kimi. Therefore if the nasty Spaniard is demanding a pay-off you can bet your left te cle on the fact there will be that same provision in there.

I wonder how fast "the great fernando" (not!) would be in a chickenwire canoe?

[mycool]

3/10ths quicker than the canoe was already!