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Get off my lawn!
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Hey, it is just a business expense! No big deal for a billionaire.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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09-25-2023, 10:42 AM
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Checked out
Join Date: Jun 2009
Location: On a beach
Posts: 10,127
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In the current field, Perez is at best a mid-low pack talent. |
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09-25-2023, 06:09 PM
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Registered
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Jacksonville. Florida https://www.flickr.com/photos/ury914/ |
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10-02-2023, 09:27 AM
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Registered
Join Date: Aug 2001
Location: Ontario, Canada
Posts: 2,439
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They’d be fools to not let them in. The teams are just milking this for as much as possible on the back of recent success. This is ironically largely in part due to the U S of A.
It’s just another team to beat. It would take years for them to be competitive if competitive at all. Last edited by Reg; 10-02-2023 at 02:56 PM.. |
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10-02-2023, 10:20 AM
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Motorsport Ninja Monkey
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Great news but now let's see how much it cost's for Andretti to acctually become the 11th team
I'm guessing $500M minimum
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Wer rastet, der rostet He who rests, rusts |
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10-02-2023, 01:25 PM
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Join Date: Dec 2002
Location: Dahlonega , Georgia
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10-02-2023, 02:03 PM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,703
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I could go read on this but recollection over the months suggests that the 200M is more like a bond. Don't make it to the show, lose the money. The Captain's estimate must be to get 2 cars to the grid and not much more.
So I don't know the details on spending caps but that seems to be the major cheating today. |
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10-02-2023, 05:24 PM
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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 18,875
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The Capt's estimate is for the Andrettis to be allowed in, not the amount needed to build or buy a team.
"Formula 1 teams are naming their price for how much it will take to welcome an 11th team. While the FIA, F1’s governing body, has a $200 million entry fee to offset revenue and prize money dilution from another team entering, that has not swayed most teams into supporting an additional contender. Instead, teams are looking for at least $600 million, per Motorsport. One source said that that is the lowest figure they have heard, and some teams are pushing for more. The current FIA rules apply through 2025, but some teams are pushing for them to be amended earlier to increase the entry fee."
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome" |
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10-02-2023, 06:39 PM
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Motorsport Ninja Monkey
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My estimate us just the price of the entry ticket, cars, team, race shop costs on top of the $500M
Think the current Concorde Agreement finishes the end of 2025 The value of teams have sky rocketed since the current Concorde Agreement was written, hence exsisting teams poo pooing the measly $200M Alpine who are a lower mid-field team on a bad day and a upper mid-field on a good day sold 24% stake for $200M earlier this year valuing the team at $833M. Cheapest team is worth minimum $200M and most expensive team Ferrari which I have read were valued at $2B I've heard the value of $600M quite often quoted inside F1 by people who know what's being discussed by the teams and FOM and journalists that think they know I just rounded it down to $500M as I think Andretti/GM deserve an entry so I was trying g to save them $100M as they're going to need lot's of $100's of millions just to get their ass handed to them on a plate  for at least the first 3-5yrs it will take the team to consistently get up into the lower mid-field of the grid
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Wer rastet, der rostet He who rests, rusts |
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10-03-2023, 05:18 AM
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Get off my lawn!
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My memory is foggy, but didn't Honda once sell it's team to Braun for one dollar?
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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10-03-2023, 05:34 AM
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Motorsport Ninja Monkey
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Quote:
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Wer rastet, der rostet He who rests, rusts |
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10-03-2023, 05:41 AM
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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 18,875
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Somebody needs to tell me, if the Andrettis want to be in F1 so GD badly that they'll spend everyone's money to get there, why don't they buy into an existing team for a couple of hundred million with the eventual goal to own a controlling interest, whether that's explicit or implied?
Gene Haas' outfit always seems ripe for an injection of cash, like Williams was a couple of seasons ago. It seems like a no brainer to me, but I obviously don't have the insight.
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome" |
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10-03-2023, 05:43 AM
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Location: Dahlonega , Georgia
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10-03-2023, 07:16 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,703
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500 million just to join the club is a bit insane. F1 has been around longer than most racing, if not the longest series ever. To me that doesn't make F1 immune to demise. It will take a decade of poor support from the fans around the world, but it can happen.
I miss some of the great series we've had and would actually get up and go see a CanAm race were it to happen as a new series. Not having a roaring sprint sports car race leaves a void. I'm talking open cockpit cars even if they run a halo (they should). My point in saying this is to say that more driver exposure and indeed, engine exposure is needed for fan excitement. How can you not like seeing driver's head and and arms plus big stacks sticking up for the intake? We don't need any more sanitary racing with blinding impossible cornering speeds. We need a drivers' series where the cars are a handful like they used to be. |
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10-03-2023, 07:26 AM
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Location: Galt's Gulch
Join Date: Jul 2019
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a dollar could soon be a bit steep. |
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10-03-2023, 03:20 PM
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Registered
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Interesting info about the local impact of the race to LV in this article....
https://news.yahoo.com/6-weeks-f1-track-negotiations-011611287.html
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Jacksonville. Florida https://www.flickr.com/photos/ury914/ |
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10-04-2023, 06:31 AM
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Motorsport Ninja Monkey
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Quote:
 Well, until I finished working there end of last week 3 days into my new F1 job now and I'm worth more than a dollar, but only just Alpine is getting a full chapter in my book if I ever spill the beans 
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Wer rastet, der rostet He who rests, rusts |
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10-04-2023, 06:53 AM
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It'll be legen-waitforit
Join Date: Jan 2002
Location: Calgary, Canada
Posts: 6,979
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Bob James 06 Cayman S - Money Penny 18 Macan GTS Gone: 79 911SC, 83 944, 05 Cayenne Turbo, 10 Panamera Turbo |
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10-04-2023, 10:28 AM
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Canucks Fan
Join Date: Jan 2009
Location: Vancouver B.C. Canada
Posts: 2,214
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Ricardo is out till Vegas, another opportunity for L Lawson to up his worth. Signing DR for next year was a mistake IMO. He's done, take him out of the oven and remove Lance too, they're both taking up space needed for the fresh young talent.
Finn
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From the Deep Dark Jungle |
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10-04-2023, 10:59 AM
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Get off my lawn!
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Quote:
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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10-04-2023, 11:02 AM
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Carrera
1973 Porsche 914 1.7 very modifed
