Quote:
Originally Posted by chillibowl
1. one has to assume that by 2024 things will back to normal but if covid is longer lasting, wouldn't content be more valuable in the future. imo people are going to go nuts for sports when they come back and people will pay...time will tell.
2. they have been saying that for years but always new venues opting to pay more and more. post covid, countries may prioritize tourism and investments into attracting more visitors...again time will tell.
3. fair point but perhaps why we are seeing more street courses being used and street circuits place the excitement in urban centers close to the hotels and entertainment zones...time will tell.
4. only so many sponsors you can get. cant get another beer company when you already have Heineken, dont need another telecom partner when you have TATA etc. will have to see how they do when their existing deals end...so time will tell.
about the loans...one can sell their equity/shares and the loans would still be owed by the corporation and not the shareholder doing the selling.
that said, i dont disagree with your points though...i have no idea what the global economy is going to look like in a couple of years.  |
On the loan front, surely Latif effectively 'owns' via his £50m loan secured on all Williams assets, who is going to invest more money with no security?
On the income front, Williams F1 revenue last year was only £95M and that included sponsorship income now lost or terminated, some of which will be repalced this year by Latif. So even with the budget cap of £130M, Williams is still short by perhaps £40M to put itself on the level playing field that Claire wants.
So, whoever buys it or invests in will also need to put in extra funding each year for probably the next 3 years whilst Williams re-builds revenue from sponsorship and perhaps better WCC results.
I don't think the F1 teams will ever deliver the sort of valuation they have in the past, generally they are becoming a sort of 'distress' sale that need further investment or partial salvation.
Sad to see Williams where they are, the last true privateer team run on their wits for decades.