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28 Dec 2003, 23:37 (Ref:822070)
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#26 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Wonder if the cardio-therasic unit has any space in it at the moment with GTR stopping my heart like that.
L1's is per each or per pair? $850k for an L2 has to be over-valued by a wee margin - about 30% at least, given the return and benefits being less than an L1! |
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. 
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28 Dec 2003, 23:46 (Ref:822078)
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#27 | ||
 Race Official1% Club
Join Date: Dec 2002
Posts: 46,736
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Why is the L2 over priced?
If a L2 team can earn $200k per annum in franchise income by actually being successful, it is actually undervalued... find me a legal investment anywhere at the moment that produces 23% pre-tax annual yields plus a market-driven capital gain... And yes the L1 is per pair. |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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28 Dec 2003, 23:49 (Ref:822081)
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#28 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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So $2.2million for a pair of Level 1 entries.
Where were those performing, without giving too much away. Does a better performing franchise carry a goodwill figure? |
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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28 Dec 2003, 23:52 (Ref:822084)
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#29 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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A franchise is a franchise... if you buy one, the rights to income only begin from the day you take over.. all history, except in the top 32 franchise licence slots to Indy & NZ scenario, is effectively wiped out...
And the L1 was sold sometime this year... Last edited by GTRMagic; 28 Dec 2003 at 23:52. |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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28 Dec 2003, 23:55 (Ref:822088)
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#30 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Briggs' entity then? Hmmm, very interesting GTR.
So any new franchise owner starts with a blank slate? That must detract from some of the value, surely? |
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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29 Dec 2003, 00:04 (Ref:822095)
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#31 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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Why does it have to be Briggs? The Briggs, SHRT, JFR and 00 L1 franchises have all changed hands this year...
Why would there be any less value in a L1 franchise if they start from nothing? At the start of any race season, they all start from nothing. There is value in the intellectual property attached to the race cars, but I would struggle to find a valuation method that assigned goodwill to a specific franchise, when this gets reset at the end of each year. |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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29 Dec 2003, 00:07 (Ref:822100)
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#32 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Fair enough.
Keep up the great information please, GTR. Given the current lack of them, what would a pair of L1 licences currently be worth in your humble opinion. What's the return on a pair of L1 licences - close to 23% like an L2? |
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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29 Dec 2003, 00:14 (Ref:822106)
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#33 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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Its not far off...
But like anything, it all depends on championship position. There are very few seriously competitive cars/teams running single cars under a L2 franchise. Morris, Ellery, and on occassion TKR have some serious speed, but the others arent on the money usually... So perhaps neither of these teams took home $200k in franchise income because they werent top 10 finishers in the series, but the possibility remains if the team is at that level of competitiveness. By the same token, a L1 franchise finishing outside the top 25 will not get $200k in franchise income... Why do you think investment banks like Morgan Grenfell and Credit Suisse are in F1... |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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29 Dec 2003, 00:25 (Ref:822115)
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#34 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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If you took TKR as an example, they finished well down this year, thanks to numerous reasons. They wouldn't have pulled much of an L2 surely.
What would a Top 10 L1 franchise earn compared to a Top 20 L1 franchise? I am speaking in terms of a single franchise as it's easier to deal with than the variances of different placed pairs of L1's. Bet you wish you had an F1 franchise, GTR. Nissan would be a starter for your engine programme surely, as you are fiercely loyal to their brand ;-) |
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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29 Dec 2003, 00:40 (Ref:822123)
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#35 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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I would presume its under $150k... and its off their plan to improve 5 places each season in the overall series standings. Better than hitting your belly with a wet fish...
While the overall standing at season's end is an indication of a team's positioning in the series, each round has a set value for appearance/franchise income, and each team gets a proportion of that on the basis of their attendance/performance. Nissan has no shot in Supercar, but thats not to say they wont be making waves in Nations Cup in 2004 
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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29 Dec 2003, 00:48 (Ref:822127)
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#36 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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So the Level 1 would do what sort of range from lowest performer to highest performer??
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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29 Dec 2003, 01:18 (Ref:822145)
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#37 | ||
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Racer
Join Date: Oct 2003
Posts: 274
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Nissan ? Group 1 or 2 I remember a GTR a few years back but was way off the pace.
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3 Jan 2004, 10:59 (Ref:826368)
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#38 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Any new news/developments here?
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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3 Jan 2004, 12:31 (Ref:826433)
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#39 | ||
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Veteran
Join Date: Apr 2003
Posts: 1,507
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GTR, did those franchise prices include any goods (ie: workshops, cars, transporters) or just the piece of paper for the agreement?
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__________________
What if there were no hypothetical questions?
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3 Jan 2004, 21:52 (Ref:826757)
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#40 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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Pieces of paper only.... equipment, cars, spares, factories, goodwill in team brand name, goodwill for driver/employee contracts all additional extras.
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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6 Jan 2004, 11:13 (Ref:829287)
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#41 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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TEGA cannot force a sale to themselves of a franchise apparently. GTR, you should check that would your mate, DT!
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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6 Jan 2004, 11:16 (Ref:829292)
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#42 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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There are sufficient performance and appearance clauses in the TEGA Teams Agreement to be able to manage a result as required. Perhaps not as quickly as one would like, but it can happen in the fullness of time.
How long can an L2 operator continue to risk $150k fines for non attendance, or for its franchise to be at the bottom of the heap 2 years in a row... Or like another recent scenario, be introduced to the franchise-owner-to-be at a meeting about something else entirely... |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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6 Jan 2004, 11:25 (Ref:829302)
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#43 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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You don't mean forced??
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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6 Jan 2004, 11:30 (Ref:829309)
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#44 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,736
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It was consentual... eventually... but looked for all intents and purposes like an arranged marriage...
Imagine putting trust into icons of the sport... tsk tsk tsk |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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8 Jan 2004, 10:41 (Ref:831374)
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#45 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Is Charlie O'Brien confirmed to start in season 2004??
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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9 Jan 2004, 07:59 (Ref:832400)
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#46 | ||
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Veteran
Join Date: Sep 2003
Posts: 4,377
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Can no one answer this??
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__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car.
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9 Jan 2004, 08:11 (Ref:832406)
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#47 | ||
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Veteran
Join Date: Feb 2001
Posts: 1,049
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Not me.
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__________________
The legal fraternity, proudly supported by V8 Supercars!
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10 Jan 2004, 14:01 (Ref:833536)
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#48 | ||
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Veteran
Join Date: Jan 2004
Posts: 2,196
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Quote:
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__________________
"You can get lucky and win one championship but not two ..." Jamie Whincup. I wonder which person with the initials RK he was referring to.
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