Bottom post of the previous page:
The surprise is that Scuderia AlphaTauri as a name remains, albeit with the addition of the letters RB..... and not the much suggested name change to "Racing Bulls"
Bottom post of the previous page:
The surprise is that Scuderia AlphaTauri as a name remains, albeit with the addition of the letters RB..... and not the much suggested name change to "Racing Bulls"
Everso Biggyballies wrote: ↑4 months agoThe surprise is that Scuderia AlphaTauri as a name remains, albeit with the addition of the letters RB..... and not the much suggested name change to "Racing Bulls"
https://racingnews365.com/why-alphataur ... e-old-nameWhy AlphaTauri is on the FIA entry list with its 'old' name
Its worth reminding ourselves the reason why Todt might not be a credible spokesman / influencer on this matter of Massa and his fight to make himself the 2008 WDC, (not denying JT the right to an opinion, but..... )Aty wrote: ↑4 months ago Y 2008 in retrospect.
Jean Todt:Regardless of polemics, and despite my feelings of sorry for Massa, this is a "can of worms" that cannot be open if we want to preserve our collective sanity.“Maybe we (the FIA) could have been tougher when the story came out. There is no doubt that the Singapore Grand Prix was rigged and should have been cancelled,” the Frenchman maintained.
Yeah, I do agree with you. There is conflict of interest. Moreover, this former and current presidents seems to be at each other throats. All in public view. (In re: money left in FiA's coffers. )Everso Biggyballies wrote: ↑4 months agoIts worth reminding ourselves the reason why Todt might not be a credible spokesman / influencer on this matter of Massa and his fight to make himself the 2008 WDC, (not denying JT the right to an opinion, but..... )Aty wrote: ↑4 months ago Y 2008 in retrospect.
Jean Todt:Regardless of polemics, and despite my feelings of sorry for Massa, this is a "can of worms" that cannot be open if we want to preserve our collective sanity.“Maybe we (the FIA) could have been tougher when the story came out. There is no doubt that the Singapore Grand Prix was rigged and should have been cancelled,” the Frenchman maintained.
Lets not forget that Massa at the time and in his driving days was managed by JT's son Nicholas Todt.
Just sayin.....
Alpine Formula 1 team have successfully finalised a €200m deal with US investors Otro Capital, securing a significant 24% ownership stake in the team.
This is just the finalisation of the share sale that was publicised months ago. Nothing new here and nothing to suggest of any likleyhood to sell.
Are they a silent partner of they can exerts some limited influence how the team is managed?Everso Biggyballies wrote: ↑4 months agoThis is just the finalisation of the share sale that was publicised months ago. Nothing new here and nothing to suggest of any likleyhood to sell.
Firstly the value of the 200 million Euro for 24% of the shares now officially and credibly values the team at c.900 million Euros, far more than it was worth before team values rocketed.
The nature of the Otro partners in the transaction shows a clever strategy, and one that has already been made value of to Alpine....Otro’s partners in the deal are RedBird Capital Partners and Maximum Effort Investments, the latter led by Hollywood star Ryan Reynolds.
Reynolds also brought fellow actor Rob McElhenney to the project in the wake of their successful involvement in Wrexham football club.
In October, Otro announced that a group of sporting legends were also behind the investment, including golfer Rory McIlroy, boxer Anthony Joshua, footballers Trent Alexander-Arnold and Juan Mata, and NFL legends Patrick Mahomes and Travis Kelce.
Several of them have already made appearances at GP's as guests of the team. The 'celebrity' involvement is hugely attractive to potential partners / sponsors etc, many of whom are already associated with these sporting celebrities. No doubt those same celebrities are seen as influencers in potential sales of Alpine Cars in global markets. Aspirational sales, a modern marketing tool.
In a nutshell it is an expansionary and validating type of transaction, not a bail out strategy.
The head of Otro got a seat on the board of the race team but in effect he has a minority shareholding and at the end of the day can say things and make proposals in board meetings but has no real clout unless the rest of the board support, agree ,and make his view a majority. Given the rest of the board are likely all diehard Alpine and Renault seniors he is a bit of a shag on a rock.Aty wrote: ↑4 months agoAre they a silent partner of they can exerts some limited influence how the team is managed?Everso Biggyballies wrote: ↑4 months agoThis is just the finalisation of the share sale that was publicised months ago. Nothing new here and nothing to suggest of any likleyhood to sell.
Firstly the value of the 200 million Euro for 24% of the shares now officially and credibly values the team at c.900 million Euros, far more than it was worth before team values rocketed.
The nature of the Otro partners in the transaction shows a clever strategy, and one that has already been made value of to Alpine....Otro’s partners in the deal are RedBird Capital Partners and Maximum Effort Investments, the latter led by Hollywood star Ryan Reynolds.
Reynolds also brought fellow actor Rob McElhenney to the project in the wake of their successful involvement in Wrexham football club.
In October, Otro announced that a group of sporting legends were also behind the investment, including golfer Rory McIlroy, boxer Anthony Joshua, footballers Trent Alexander-Arnold and Juan Mata, and NFL legends Patrick Mahomes and Travis Kelce.
Several of them have already made appearances at GP's as guests of the team. The 'celebrity' involvement is hugely attractive to potential partners / sponsors etc, many of whom are already associated with these sporting celebrities. No doubt those same celebrities are seen as influencers in potential sales of Alpine Cars in global markets. Aspirational sales, a modern marketing tool.
In a nutshell it is an expansionary and validating type of transaction, not a bail out strategy.
https://www.gptoday.com/full_story/view ... urnaround/Aston Martin's performance director, Tom McCullough has cited the team's former driver Sebastian Vettel as a key factor in its 2023 turnaround.
https://www.gptoday.com/full_story/view ... 1_reports/Forbes says the most valuable teams on the grid are Ferrari and Mercedes – each worth almost $4 billion.
Yes, very much so! Banks shouldn't invest in highly speculative ventures, they haven't learned anything from the past! It's not enough to regulate them hard, you have to monitor them more closely, and governments all over the world are still lacking real conviction to do that. It's a shame, but the next crash is just around the corner, mark my words...
Hyundai NA responded to this Canadian case.... confirming the list cost of the replacement battery pack for an Ioniq 5 as only CAN $43000 (US $32000) and it would normally be covered under Hyundais' 7 year warranty.DoubleFart wrote: ↑4 months ago The car costs $55-60k to buy, and comes with a 7 year warranty on the battery.
That's a load of bollocks, as always.