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  • #184606
    Avatar of nik
    nik
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    @andrewtanner what the other guys say about Saward is right, he did have a hard-on for Tonio (they go back a ways, apparently), but the latest round of reports about Mallya is all coming from the financial press, who have probably been tipped off by one of his debtors

    It is very easy to become a billionaire using loans. You just have to hide your loanees from one another. For eg. Liverpool Football Club was purchased for a few hundred million pounds by a couple of Americans. They finance the deal using debt and a deposit of 10%, and the remainder of the debt secured against the actual club. It turns out that the 10% deposit itself was also a loan – albeit one with a much higher interest rate. This is how leveraged buyouts work.

    They finance their personal lifestyle by paying themselves large salaries and expenses out of the companies they buy or setup. It works until the economy slows down and the growth in revenue can no longer match interest payments on the pyramid of loans. This is why guys like Mallya and the old owners of Liverpool FC go down with the slightest downward move in the economy – they are so leveraged that even a 25 bp spike in interest rates, or lower revenue growth (lower *growth*, not lower revenue) can see them wiped out.

    It is easy to buy up assets using other peoples money and some showmanship (banks lend money to people who convince them to lend it). It is much harder to build a sustainable and profitable business.

    #169338
    Avatar of nik
    nik
    Member

    because if a race is red flagged because of rain or a storm, you need to allow in the regulations for them to change tyres so that no car goes back out on slicks after a downpour.

    the regulations could be changed to say ‘if the red flag is because of an accident no work can be done on the cars or tyres changed’ but it would result in a very dangerous situation where you have cars going out again on old, used and cold tyres which would be like driving on ice

    #169348
    Avatar of nik
    nik
    Member

    > I didnt notice the commentary. Its seamless to me. Must only be you. The commentary is great

    I will find the transcript when I get a moment. When Red Bull made their first pit stops it took more than a minute for Brundell to complete and entire sentence or to string 3-4 words together that made sense. He seems to change what he is talking about mid-sentence far too often.

    There are also the errors, and then the cliché’s.

    #169344
    Avatar of nik
    nik
    Member

    If you watch other sports, such as basketball, NASCAR, etc. you will know that good lead commentary is seamless. You don’t notice it – it complements the images being viewed and as a viewer you don’t even have to think about it. Brundle is so awkward that is detracts from the viewing experience – it is like running nails down a chalkboard.

    #169197
    Avatar of nik
    nik
    Member

    most underpaid: vettel or heidfeld (though this is understandable), di resta

    most overpaid: massa, trulli

    I assume Kubica is still getting paid well while he recovers

    #169146
    Avatar of nik
    nik
    Member

    Best change would be to remove engine rev limits.

    #168981
    Avatar of nik
    nik
    Member

    related (and interesting), world first ‘printed’ building:

    http://www.blueprintmagazine.co.uk/index.php/architecture/the-worlds-first-printed-building/

    I have had a chance to play with a 3d printer (we printed puzzles and things of that nature – escher-type stuff) and they are fascinating. we aren’t far away from desktop/home 3d printing

    #168980
    Avatar of nik
    nik
    Member

    Hairs: you’re right, but it isn’t just graphene, it is carbon nanotubes in general and all the new materials. It is an entire new field of materials that has been discovered and developed (well, discovered a long time ago, only more recently developed).

    carbon fiber was originally cost prohibitive as well, but with industrial applications the costs to manufacture were reduced very quickly. some of these materials in combination with nanotech promise cheaper and easier manufacturing – ie. straight from a computer to 3d printing. that might be ~10 years away, but in the interim I would like to see some teams experiment with nanotubes on some surfaces – entire new exciting field

    I agree that the new formula should be: much lighter cars + ground effect (less dirty air) + turbocharged smaller engines. It could be speeds faster than todays F1 but with overtaking like NASCAR

    #168895
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    nik
    Member

    which camera? camera makes a big difference, especially sensor area

    #168924
    Avatar of nik
    nik
    Member

    “Liuzzi on the podium :)”

    and a Joe Saward blog post saying “TOLDYA!”

    #168969
    Avatar of nik
    nik
    Member

    the headline was supposed to be ‘much stronger and smarter than carbon fiber’

    #168773
    Avatar of nik
    nik
    Member

    *raises hand*

    and I assume the guy with the nickname ‘australian’ and the aussie flag as an avatar is also from Australia

    either that or he really, really like Australia

    #168315
    Avatar of nik
    nik
    Member

    @Red Andy the point of them owning part of F1 as a unit would be to structure it single share single vote like the English Premier League and other sports. Which means that Ferrari don’t have the sway they have now and can’t do anything about ‘smaller teams’

    They don’t need to find billions – they only need to find a few hundred million and some PE leverage (if they want to buy all of it)

    This is what F1 was supposed to be, until bernie took control of the areas that make money (I doubt martin would do the same)

    #168177
    Avatar of nik
    nik
    Member

    @Red Andy – paddocktalk is usually pretty good, they do publish a lot of speculative stuff though that sometimes hits the mark

    #168175
    Avatar of nik
    nik
    Member

    heh you know what I mean

    apparently the rules now say that film days can not use any parts or components that haven’t been raced (not the actual component but the design)

    I couldn’t find it in the rules at all, might have an old copy

Viewing 15 posts - 1 through 15 (of 160 total)