F1 links: FOTA and Mateschitz
19th February 2009, 9:02 by Keith Collantine 10 Comments »
FOTA to unveil Formula One vision
“These plans are the result of a series of meetings held over the past few weeks and months, all of them with a common goal: to make Formula One commercially sustainable, environmentally friendly and compellingly attractive for spectators, TV viewers and Internet consumers alike for years to come.”
“Mateschitz says that the involvement of the financial men is solely geared towards making as much money as possible and adds to the instability of the sport. The CVC European Equity Partners IV Fund was established in 2005 and is believed to have a 10-year lifespan. It has been a remarkable success thus far, mainly because of the F1 investment which has produced huge profits. The sport has been left burdened with debt, secured on the future profits of the business. CVC’s goal is to spend the next five years paying as much of the loans as possible before refinancing, which result in another pay day and then selling the business to a new investor. This could net the fund as much as $7.5bn on an investment of $1bn. The major problem is that while the fund will close in 2015, there needs to be a new deal with the teams agreed for 2013 and beyond. The teams are demanding a bigger share of the cash and now, it seems, equity as well.”
“The AT&T Williams team today confirmed that it had reached an extended agreement with its long term technical partner, PPG.”
Virgin latest to be linked to Honda
“The Honda Racing team are understood to be pressing ahead with preparations for the 2009 season, amid growing confidence that a potential management buy-out will succeed.”
Senna under no illusions about Honda
“If before the Australian GP I managed to run for at least three, four days, doing about 1,200 kms, then that’d be a dream.”
Baby McLaren guns for Porsche!
“This striking machine is an all-new entry-level ‘baby’ model from Formula One racing team McLaren – and it will take the company into uncharted territory, rivalling established brands with a price tag of around £80,000. The sports car is a key part of McLaren boss Ron Dennis’ plans to expand McLaren Automotive – the division responsible for the Mercedes SLR McLaren and original F1 road car – into a volume producer.”
“The two forms of motor racing are so different that it is unfair to compare them to each other. It is like comparing F1 with rallying – different aims, different solutions and different appeals to the viewer.”
New F1 blog I’ve found recently.
The new F1 blogs just keep on coming…
A few guys at my old alma mater are running a survey on F1 for an assignment. If you’ve got a spare minute to fill it in it would be a big help for them.
SamS said on 19th February 2009, 10:02
Keith,
I have done the survey… Just out of interest will you be able to get your hands on the results and post them? would be interesting to see peoples responses to some of the questions?
Andrew White said on 19th February 2009, 11:15
Very interesting picture on the F1 Badger link of what the Honda livery could look like if Virgin bought the team. It actually looks very nice
Adam Milleneuve said on 22nd February 2009, 22:59
Cheers Andrew – there’s two on there from two of the F1Badger writers. One is taking it’s inspiration from the Virgin Trains scheme (http://tinyurl.com/ajacmj) and the other is a virgin version of the 08 scheme (http://tinyurl.com/c33frw) – both are more easy on the eye than the Renaults!
StrFerrari4Ever said on 19th February 2009, 14:23
i took the survey aswell very interesting only if the FIA could somehow see the results and try and put what us fans want into effect
Chaz said on 19th February 2009, 15:10
Nice baby McLaren…
Becken Lima - F1around.com said on 19th February 2009, 21:10
The Fastest Grand Prix Driver Ever
A brilliant article by Steven Roy
Keith Collantine said on 19th February 2009, 21:32
Yep – I did post a link to it the other day, but it was right at the bottom of the page,
Becken said on 19th February 2009, 22:03
mmmm.. I think this is a brand new one posted some minutes ago. He is very prolific this days…
patrickl said on 19th February 2009, 22:12
Odd, that review won’t take people from The Netherlands? Couldn’t find any possible spelling I could think of.
Adam Milleneuve said on 22nd February 2009, 22:59
Cheers Andrew – there’s two on there from two of the F1Badger writers. One is taking it’s inspiration from the Virgin Trains scheme (http://tinyurl.com/ajacmj) and the other is a virgin version of the 08 scheme (http://tinyurl.com/c33frw) – both are more easy on the eye than the Renaults!