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29 May 2020, 18:11 (Ref:3979225) | #1426 | ||
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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. |
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29 May 2020, 18:53 (Ref:3979230) | #1427 | |
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Maybe Rokit cancelled the contract as they were not getting the exposure on the race track that it was/wasn't paying for, so it could be Williams who were technically, through no fault of their own, in breach of the terms.
Rokit just let Williams announce the news to not make Rokit look bad, a mutually amicable split. Just a thought |
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29 May 2020, 19:08 (Ref:3979235) | #1428 | ||
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30 May 2020, 05:45 (Ref:3979259) | #1429 | ||
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Quote:
https://rokitphones.com/uk/phones/ |
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30 May 2020, 06:36 (Ref:3979261) | #1430 | ||
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30 May 2020, 06:54 (Ref:3979262) | #1431 | ||
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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. |
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30 May 2020, 16:57 (Ref:3979311) | #1432 | |
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Given that Williams is a listed company I suppose it is possible that the announcement had to be made for compliance reasons.After all.it didn't explicitly state that only a sale would be contemplated and I don't see Frank and Claire selling unless all other options have been exhausted.
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30 May 2020, 17:19 (Ref:3979315) | #1433 | ||
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I get the impression that there is more to the split than simply ROKIT not making payments.
ROKIT's presence in motorsport seems to be on the rise (W Series, FE, BTCC....) The original 3yr deal was replaced with a 5yr deal, and expanded to include their drinks and cities brands. This seems to have been a result of some disagreement arising between WGPH and ROKIT, and WGPH have gone public first. It's a common tactic when companies have a disagreement, that you try and get your narrative out first. 'We've met all our contractual obligations', which could also be interpreted as 'we're not prepared to be flexible with ROKIT, and work together for both our benefits'. |
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30 May 2020, 17:41 (Ref:3979320) | #1434 | |||
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"If you're not winning you're not trying." Colin Chapman. |
30 May 2020, 18:34 (Ref:3979327) | #1435 | ||
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30 May 2020, 20:37 (Ref:3979352) | #1436 | |
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Maybe, maybe, but much more likely to be the obvious.
Companies House shows you hundreds of companies, ever changing names, ever changing directors, most no money. The deal was a surprise to start with, and the three years into five last summer was a dead giveaway for a typical exchange of broken promises for bigger future promises. Last edited by peebee2; 30 May 2020 at 20:42. |
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31 May 2020, 04:05 (Ref:3979383) | #1437 | |
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IMO, replacing Pat Symonds with Paddy Lowe was a mistake and not taking more Mercedes listed parts was a mistake. Jordan was in a similar place -- uncompetitive, no money -- but the model of using complete McLaren rear-ends and later complete Mercedes rear-ends on their cars has served them well.
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31 May 2020, 07:20 (Ref:3979395) | #1438 | |||
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31 May 2020, 16:20 (Ref:3979482) | #1439 | ||
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31 May 2020, 16:38 (Ref:3979484) | #1440 | |||
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"If you're not winning you're not trying." Colin Chapman. |
31 May 2020, 16:45 (Ref:3979488) | #1441 | ||
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31 May 2020, 17:20 (Ref:3979496) | #1442 | |
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That is at least a year old presentation, Rexona is still on the car....
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31 May 2020, 18:07 (Ref:3979509) | #1443 | |||
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31 May 2020, 22:46 (Ref:3979534) | #1444 | |||
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Seriously not taking motorsport too seriously. |
31 May 2020, 23:34 (Ref:3979536) | #1445 | |
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When (if) Rich Energy has anything important to say, nobody will believe them. I had a thought earlier that made me look forward to the future. That is the day Rich Energy finally disappears.
Richard |
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To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one." |
1 Jun 2020, 13:13 (Ref:3979618) | #1446 | |||
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https://insidersport.com/2020/01/07/...d-rexona-exit/ |
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"If you're not winning you're not trying." Colin Chapman. |
4 Jun 2020, 15:32 (Ref:3980178) | #1447 | |
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An ex -insiders take on how Williams got where they are today...
https://the-race.com/formula-1/an-ex...eams-mistakes/ |
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4 Jun 2020, 16:33 (Ref:3980190) | #1448 | ||
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Very interesting article. Hope Williams can have a better season than last. Testing pace suggests improvement, so fingers crossed |
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5 Jun 2020, 12:21 (Ref:3980311) | #1449 | |
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There was this on YouTube too
https://www.youtube.com/watch?v=-Otp4zwabVQ How F1 Champions became backmarkers. by CrankeeYankeeF1 Very well laid out summary of how Williams got to their present state. Particular emphasis being placed on Bernie's 1997 F1 Concorde Agreement that caused the teams' share of the revenue to drop from 85% of the revenue earned by Bernie to 23%. Another boost to the manufacturers by depriving the smaller teams of revenue. P.S. Much like the over priced PUs that we are currently stuck with. |
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5 Jun 2020, 14:14 (Ref:3980336) | #1450 | |||
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"If you're not winning you're not trying." Colin Chapman. |
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