Crash.Net User: mrfill

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October 27, 2014 2:20 PM
Last Edited 28 days ago

F1 » Marussia F1 goes into administration

Taz: I agree but they'd signed up to the 40 million concept and then the rules changed. They'd hired people and committed money. It's very very hard to pull out when you've committed to starting a team/business. Hindsight is a wonderful thing.
It's a pity they didn't use some of that hindsight after a couple of years. Having made huge losses and not having any real prospect of making a profit, perhaps vanity overtook economics. Most of these teams are just toys for the absurdly wealthy and when something shinier appears they just discard them. Reports are now that a couple of rich kids in the steel business are interested in Marussia whose current owner has got bored and wants a better toy. Fernandes got bored with Caterham and now he is bored with QPR so that's up for offers. Mallya is nearly there. Lopez not far off. Mateschitz is the great exception.


October 27, 2014 1:24 PM

F1 » Marussia F1 goes into administration

Taz: They signed up for Mad Max's 40 million cap, I guess once that cost cutting role was opposed they had one hand tied behind their back. He'll be in the press soon to remind everyone of that fact! Two have two teams in administration reflects badly on the sport. How far behind is Sauber?
Thing is, the 40m cap was scrapped in June 2009, some six months before any of the new teams had turned a wheel. They could have left then but decided to proceed to race 5 seasons and ended up losing a shed load of money. It's not the first time that uncompetitive teams have gone bust in F1 and it won't be the last. Even big teams (Honda, BMW, Toyota) pulled out when it cost them too much and many small teams have disappeared for the same reason (Lotus - the Real Lotus - being probably the most famous). Sauber are teetering and I'd bet Lotus (the fake Lotus) is running close to the wind. F1 is primarily a manufacturers series now for big name car makers and if you ain


October 24, 2014 10:58 PM

F1 » Caterham F1 team handed to administrators

And tomorrow will be the next episode of 'How to get a Formula 1 team without really paying' starring Colin 'I'm totally innocent' Kolles, Bernie 'I'm totally innocent and have a receipt to prove it' Ecclescake and the mysterious Evangest, played by Sheikh Toblerone.... The FIA has been deafeningly quiet about this chicanery. No statements, not even a tut-tut. I take their lack of interest as concurrence with the situation as they have done absolutely nothing to distance themselves. Get settled in with another bucket of popcorn. This isn't over by a long chalk.

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