Discussion
I just used Haas as a recent example of a team build from scratch.
My take on it, for what it's worth, assuming you can get an entry...
The Williams staff- no point in spending much up front, as they can walk without significant notice. Also the expensive tied down ones might not be the ones you want (see Lowe as how that can work).
Buildings. You probably don't want to own buildings for a new build team.
IP. Williams buys in engines, which can be bought yourself with gearbox. Staff hold much of the IP, also bearing in mind chassis has been dogst for several years.
In other words, still not sure what value you'd get by spending an additional $100m over and above your BAU racing/R&D costs to buy Williams at the back of the grid, versus starting on your own (unless the only route to entry is to buy a team and Williams is the cheapest team for sale)?
My take on it, for what it's worth, assuming you can get an entry...
The Williams staff- no point in spending much up front, as they can walk without significant notice. Also the expensive tied down ones might not be the ones you want (see Lowe as how that can work).
Buildings. You probably don't want to own buildings for a new build team.
IP. Williams buys in engines, which can be bought yourself with gearbox. Staff hold much of the IP, also bearing in mind chassis has been dogst for several years.
In other words, still not sure what value you'd get by spending an additional $100m over and above your BAU racing/R&D costs to buy Williams at the back of the grid, versus starting on your own (unless the only route to entry is to buy a team and Williams is the cheapest team for sale)?
RonaldMcDonaldAteMyCat said:
In other words, still not sure what value you'd get by spending an additional $100m over and above your BAU racing/R&D costs to buy Williams at the back of the grid, versus starting on your own (unless the only route to entry is to buy a team and Williams is the cheapest team for sale)?
The new rules make it more appealing. A team at the back has more wind tunnel time, and a lot more resources in comparison to Mercedes who would finish on top of the tree. So it would mean, maybe, a year at the back of the grid moving on to some sort of jump in the next season and so on. Really the issue comes when you don't have the handicap and you're nearer the front of the grid. Frank, Claire Williams should leave F1 - Ralph Schumacher
https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
Fortitude said:
Frank, Claire Williams should leave F1 - Ralph Schumacher
https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
Well Ralf likes wine, I like wine. Ralf owns a Lada, I own a Lada.https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
I'm better looking though. So it isn't me.
sgtBerbatov said:
Fortitude said:
Frank, Claire Williams should leave F1 - Ralph Schumacher
https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
Well Ralf likes wine, I like wine. Ralf owns a Lada, I own a Lada.https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
I'm better looking though. So it isn't me.
Fortitude said:
sgtBerbatov said:
Fortitude said:
Frank, Claire Williams should leave F1 - Ralph Schumacher
https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
Well Ralf likes wine, I like wine. Ralf owns a Lada, I own a Lada.https://www.wheels24.co.za/FormulaOne/frank-claire...
Having read the this article and a few others reporting on Ralf Schumacher's opinion, some of the posters on here could have said exactly these same words... ...which made me wonder, which poster on here could be Ralf Schumacher?
I'm better looking though. So it isn't me.
And to add- not sure I'm massively comfortable with the concept of a team principle and shareholder of one team having material and significant financial interests in two others (not necessarily suggesting the holdings at this point are significant enough to suggest a big conflict, but the point remains).
RonaldMcDonaldAteMyCat said:
And to add- not sure I'm massively comfortable with the concept of a team principle and shareholder of one team having material and significant financial interests in two others (not necessarily suggesting the holdings at this point are significant enough to suggest a big conflict, but the point remains).
Nor were Daimler when they made him sell his original shareholding them 2014..Very strategic investment.. if he gets to 10% it will be very interesting.
skwdenyer said:
It appears that in fact he purchased some sort of derivative or security over shares rather than shares themselves. Unsure why that distinction is important at this stage, but I’m sure it is
Perhaps there would not be that amount of physical shares available it’s a relatively small cap after all, they could be on trust from an institution, person, or perhaps ‘the’ FW family trust.skwdenyer said:
Deesee said:
Toto Wolff purchased a small (5%) stake in Williams yesterday.
It appears that in fact he purchased some sort of derivative or security over shares rather than shares themselves. Unsure why that distinction is important at this stage, but I’m sure it is 5% isn't very much until it becomes the 5% that swings the balance of power. Although he could also just be speculating that under new management the teams share price will respond positively. It didn't dip when Claire said they were looking to sell all/part of the outfit so there is some reason to believe that current shareholders might be quite open to control of the team moving away from the family.
TheDeuce said:
If a few apparently unconnected people buy the odd 5-10% then before you know it they've assembled their shares in to a single consortium that suddenly has voting control over Williams F1..
5% isn't very much until it becomes the 5% that swings the balance of power. Although he could also just be speculating that under new management the teams share price will respond positively. It didn't dip when Claire said they were looking to sell all/part of the outfit so there is some reason to believe that current shareholders might be quite open to control of the team moving away from the family.
He would need Frank's consent to get voting control.5% isn't very much until it becomes the 5% that swings the balance of power. Although he could also just be speculating that under new management the teams share price will respond positively. It didn't dip when Claire said they were looking to sell all/part of the outfit so there is some reason to believe that current shareholders might be quite open to control of the team moving away from the family.
TheDeuce said:
C Lee Farquar said:
He would need Frank's consent to get voting control.
Obviously not if a group amassed a majority stake. Frank has to either decide to release that level for sale or not.The question is whether Frank wants to lose control of the Group or part with the team. Since AIUI the Group owns the buildings etc., selling on the team would probably be the best thing financially.
I can see the "legacy" being Claire and her brother (sorry forget the name) together running in essence a heritage business + conference centre, with the GP team under new control.
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