Rich Energy (yes that bloke) about to sponsor Williams?
Discussion
rallycross said:
Piginapoke said:
I hope for Haas' sake, the money has changed hands before the deal was announced.
Could we get some of the super smart sleuths on PH to do some corporate investigating on Rich Energy to see what is real/possible/made up?The list of shareholders doesn't show any organisations or individuals of any known wealth, so the talk of "British Billionaires" seems a little nebulous. The only company represented as a shareholer is Brandsellers Holdings Ltd who I cannot find listed or anything on Google.
Their accounts show very little in terms of F1 required cash too.
IforB said:
A basic check on Companies House does little to dispel any suspicious thoughts. For example the only two directors are William Storey and a Croatian Fitness Instructor. (No that is not a joke.)
The list of shareholders doesn't show any organisations or individuals of any known wealth, so the talk of "British Billionaires" seems a little nebulous. The only company represented as a shareholer is Brandsellers Holdings Ltd who I cannot find listed or anything on Google.
Their accounts show very little in terms of F1 required cash too.
Does it have to be limited to UK registered companies? The list of shareholders doesn't show any organisations or individuals of any known wealth, so the talk of "British Billionaires" seems a little nebulous. The only company represented as a shareholer is Brandsellers Holdings Ltd who I cannot find listed or anything on Google.
Their accounts show very little in terms of F1 required cash too.
Vaud said:
IforB said:
A basic check on Companies House does little to dispel any suspicious thoughts. For example the only two directors are William Storey and a Croatian Fitness Instructor. (No that is not a joke.)
The list of shareholders doesn't show any organisations or individuals of any known wealth, so the talk of "British Billionaires" seems a little nebulous. The only company represented as a shareholder is Brandsellers Holdings Ltd who I cannot find listed or anything on Google.
Their accounts show very little in terms of F1 required cash too.
Does it have to be limited to UK registered companies? The list of shareholders doesn't show any organisations or individuals of any known wealth, so the talk of "British Billionaires" seems a little nebulous. The only company represented as a shareholder is Brandsellers Holdings Ltd who I cannot find listed or anything on Google.
Their accounts show very little in terms of F1 required cash too.
IforB said:
Of course not, but since not even a google search turns anything up, then it's hard to find any info at all, in fact the search brings this thread up in the first few results and nothing more.
My point is that many rich people and funding streams are absolutely not on Google. His company may be used as the front. In doing DD, Haas will have engaged with the supporting banks/etc to understand the position of any support. The days of phantom funding have largely gone, Russian backers aside...
not that big a risk for Haas . He was running the team with his own money and now someone else is meant to chip in some sponsorship. They dont get to own any of Haas unlike the crafty attempt to buy force india.
If the money doesnt show up he just keeps spending his own money.
Only negative thing in that case is sinister bearded one and fake drink company get lots of free publicity and hang around in his garage till ejected by security.
If the money doesnt show up he just keeps spending his own money.
Only negative thing in that case is sinister bearded one and fake drink company get lots of free publicity and hang around in his garage till ejected by security.
Vaud said:
IforB said:
Of course not, but since not even a google search turns anything up, then it's hard to find any info at all, in fact the search brings this thread up in the first few results and nothing more.
My point is that many rich people and funding streams are absolutely not on Google. His company may be used as the front. In doing DD, Haas will have engaged with the supporting banks/etc to understand the position of any support. The days of phantom funding have largely gone, Russian backers aside...
That would be an unusual set-up.
I can only assume as you have that due diligence has been carried out and that Rich Energy do indeed have the funding required. However, an assumption is not always correct.
Hopefully it is all legit, as more sponsors in F1 is a good thing.
Sky in between usual trivial dross mentioned that the haas deal was for half what williams had verbally agreed.
Gives the impression non existant fizzy drink bros couldnt come up with that amount of money.
Williams are well out of it. You dont need people like that hanging around the garage.
Gives the impression non existant fizzy drink bros couldnt come up with that amount of money.
Williams are well out of it. You dont need people like that hanging around the garage.
turbomoped said:
Sky in between usual trivial dross mentioned that the haas deal was for half what williams had verbally agreed.
Gives the impression non existant fizzy drink bros couldnt come up with that amount of money.
Williams are well out of it. You dont need people like that hanging around the garage.
Yes they said that Williams were only waiting for proof of funding.... Gives the impression non existant fizzy drink bros couldnt come up with that amount of money.
Williams are well out of it. You dont need people like that hanging around the garage.
Had anyone heard of iPro energy drinks when they agreed to pay Derby County 7m over 10 years for the naming rights for the stadium, not many and while the partnership started out well it soon became clear Derby had been had and the money dried up I believe hence the revert back to pride park, there may also be a court case pending
tux said:
How inept are Williams management though? Should shut the team down to stop them destroying their history.
More likely they had a look into this guy and with all their experience were able to see straight through the B/S from this guy. F1 has so many examples of these characters over the years.rallycross said:
More likely they had a look into this guy and with all their experience were able to see straight through the B/S from this guy. F1 has so many examples of these characters over the years.
No, the point stands notwithstanding the Rich Energy issue; Williams management is inept and seemingly without any strategy.Gassing Station | Formula 1 | Top of Page | What's New | My Stuff