F1 » Jordan: 2010 all about survival for Virgin

Former team boss Eddie Jordan says survival should be the key aim for Virgin Racing

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Calvin _

July 06, 2010 12:10 PM

I wonder what RB will do if they continue the way they are going. Will he, as I expect, pull out and look elsewhere citing that the return on the investment is not enough to warrant the expenditure.


July 06, 2010 12:35 PM

They have a new aero package this weekend. They are in a better position than HRT who havent done much development. Plus the team is closing in slowly they started the year 5 seconds off now they are 3/3.5 secs off not bad. Lotus are easily the best they have been within 2.5 secs of the best time.

James Montgomery

July 06, 2010 11:45 PM

@ Rob01

Whats the intrest rate? :p

EJ is right though... considering he ran a private team for 14 years, he will know what he is on about... though at least Virgin have the luxary of a Billionaire that knows jack**** about F1, but alot about business... even if Virgin F1 is a failure... I bet branson would still find a way to get a profit out of his venture.... though I am hoping he has more patiance and chucks another chunk of money into the team so they can race in 2011 :)

Makaveli Lives - Unregistered

July 07, 2010 12:02 AM

Richard Branson didn't become the multi-millionaire he is today by throwing money at ventures that will not turn a profit.

If he's not getting the return he expects on his investment so far I have no doubt he will cut his losses.

I hope he sticks at it for a couple of years and see how it goes.

bringBACKthe990s - Unregistered

July 08, 2010 2:19 AM

Idiots.....Branson didn't invest his own money. Nor did he loan manor any money.

He got 5 years of financing to sponsor the team. I forgot the amount.

I'm assuming the loan gets paid back based on the value of the team. Equity of some sort?

No need to pull out. He can only make money on this situation. If team goes bankrupt he might not even owe anything back in the loan...tho I'm not sure on the particular terms.

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