Panthera Team Asia
Discussion
In 'F1 news which completely passed me by', we have the story from last year that a new team was seeking to join the grid from 2021 with the introduction of the new regs.
The story has come back to the top with the announcement that despite everything they are still intending to join in albeit from 2022 due to the postponement of the regulations change.
There has been little substance to the announcements each time but also a distinct lack of opinion and speculation pieces surrounding the likelihood of their entry.
I know that speculative new team stories used to come thick and fast and were rarely credible efforts but being there is little else going on and I would love to see a new team.
Has anybody done any homework around this outfit?
The story has come back to the top with the announcement that despite everything they are still intending to join in albeit from 2022 due to the postponement of the regulations change.
There has been little substance to the announcements each time but also a distinct lack of opinion and speculation pieces surrounding the likelihood of their entry.
I know that speculative new team stories used to come thick and fast and were rarely credible efforts but being there is little else going on and I would love to see a new team.
Has anybody done any homework around this outfit?
I'm always slightly skeptical - on the basis that simply pretending you're thinking of entering F1 or buying in to a team gives you about half as much exposure in the media as actually going through with it!! Because of course, anyone even talking about entering F1 is news..
But beyond hearing the same rumour a couple of times, there doesn't appear to be any meat on the bones to discuss just yet.
But beyond hearing the same rumour a couple of times, there doesn't appear to be any meat on the bones to discuss just yet.
I'd think Brawn is switched on enough to separate comments he makes publicly from whatever he might think or be aware of personally..
That said, the fact he was so directly dismissive might be a pretty chunky clue that their isn't much behind their 'ambition' other than willy waving.
Expensive business F1 - Far cheaper to simply raise ones head once in a while and claim you're about to join than actually doing so! Either way your brand gets mentions in the world's press. A bit like when Branson spent weeks making the front pages when he was supposedly thinking of buying Concorde but once it appeared a deal might actually be possible he immediately and publicly made a very low offer to buy and then having killed the deal he sodded off never to speak of it again.. I'm proposing that in reality Panthera probably want an F1 team no more than Branson wanted a fleet of archaic and impractical supersonic taxis
That said, the fact he was so directly dismissive might be a pretty chunky clue that their isn't much behind their 'ambition' other than willy waving.
Expensive business F1 - Far cheaper to simply raise ones head once in a while and claim you're about to join than actually doing so! Either way your brand gets mentions in the world's press. A bit like when Branson spent weeks making the front pages when he was supposedly thinking of buying Concorde but once it appeared a deal might actually be possible he immediately and publicly made a very low offer to buy and then having killed the deal he sodded off never to speak of it again.. I'm proposing that in reality Panthera probably want an F1 team no more than Branson wanted a fleet of archaic and impractical supersonic taxis
thegreenhell said:
LaurasOtherHalf said:
I thought Ross Brawn poo-poo'd it when asked, stating publicly he had had no discussions with anyone wanting to enter and they were't interested in any new teams coming in?
He might change his tune once one or two current teams leave or fold.HustleRussell said:
sgtBerbatov said:
The joining fee seriously needs to be lowered. $500,000,000 just to join F1
Half a billion? is that right? A new manufacturer entering F1 to make a serious title challenge might be limited to $150m a year budget, but in making the decision to join I can well imagine they could need as much as £500m set aside to sustain the first few years.
So I suppose it depends how you look at it, no one correct answer?
thegreenhell said:
HustleRussell said:
sgtBerbatov said:
The joining fee seriously needs to be lowered. $500,000,000 just to join F1
Half a billion? is that right? TheDeuce said:
thegreenhell said:
TheDeuce said:
So I suppose it depends how you look at it, no one correct answer?
I suppose if you're answering something that nobody asked then it could be anything at all.I think that $500m figure stuck in my head from the days when Marussia, Caterham and HRT were in F1. There was a good three year period where they wouldn't get any money so they had to have the budget to survive 3 seasons and I think this was the basis for acceptance for the teams to join F1. Which makes some sense given Stefan GP kept getting denied.
I'll keep looking for that figure though.
There are two different things here.
The first is a large deposit of between $10-20 million which is for new teams joining, and is held as a deposit for a period before being returned. This is set to be large enough to ensure that only serious teams apply, as they will lose the money if they don't show up and compete for a minimum term, but not so large as to be crippling for all but the largest multinationals to afford. The most recent I can find is for Haas, who deposited $20M.
Then there are the annual entry fees, which is per points from the previous season. This is a fee for all teams, paid to the FIA with the teams' official entry each year, and is not refundable.
The first is a large deposit of between $10-20 million which is for new teams joining, and is held as a deposit for a period before being returned. This is set to be large enough to ensure that only serious teams apply, as they will lose the money if they don't show up and compete for a minimum term, but not so large as to be crippling for all but the largest multinationals to afford. The most recent I can find is for Haas, who deposited $20M.
Then there are the annual entry fees, which is per points from the previous season. This is a fee for all teams, paid to the FIA with the teams' official entry each year, and is not refundable.
sgtBerbatov said:
TheDeuce said:
thegreenhell said:
TheDeuce said:
So I suppose it depends how you look at it, no one correct answer?
I suppose if you're answering something that nobody asked then it could be anything at all.I think that $500m figure stuck in my head from the days when Marussia, Caterham and HRT were in F1. There was a good three year period where they wouldn't get any money so they had to have the budget to survive 3 seasons and I think this was the basis for acceptance for the teams to join F1. Which makes some sense given Stefan GP kept getting denied.
I'll keep looking for that figure though.
Whatever the basic on paper cost of entry is, I think it's fair to say prior to cost caps the teams that have joined with a target to win races have paid a lot more..
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