Quote:
Originally Posted by Mike Harte
Plus, of course, there is also the matter of TOCA penalising a team/driver if there are multiple changes of driver.
In my opinion, not that that means a lot, the value of a TBL as an asset is only a theoretical amount, much in the same way as "goodwill" is an asset to a company; it's only worth what someone is prepared to pay for it. And if no-one wants to field a team, then it's value is zero.
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The value of any asset is subject to market conditions (supply vs demand) - of which a TBL is subject to huge fluctuations. The same is seen in F1, as there is a firm entry barrier (ie TBL or championship entry) in place. It would be classed as a non-tangible asset.