[Team] The new teams development for 2010 so far, discuss here.

[Chiefy]

Tony Teixeira has now been linked to the team...

http://www.autosport.com/news/report.php/id/80780

[jab]

But Bruno Senna has said the team will make all the pre-season tests, according to Will Buxton, so it can't be that serious a situation

[Mak]

How can probably one of the most despised persons in motorsport at the moment, owing hundreds of millions around the world be interested in buying into Campos!!

[duke_toaster]

If there was a fit and proper person test, he would presumably fail it with flying colours.

[Marbot]

He ought to team up with Flav and that guy from Qadbak.

[jab]

Originally Posted by duke_toaster

If there was a fit and proper person test, he would presumably fail it with flying colours.

Nah, because if there was a fit and proper person test for F1, it would consist of just 2 questions:

1) Do you have lots of money?

2) Is your name not Flavio Briatore or David Richards?

[duke_toaster]

Here is the Premier League's one, page 102 of their rulebook

Originally Posted by Premier League rulebook

A Person shall be disqualified from acting as a Director and no Club shall be permitted to have any Person acting as a Director of that Club if:
2.1 either directly or indirectly he is involved in or has any power to determine or influence the management or administration of another Club or Football League club; or
2.2 either directly or indirectly he holds or acquires any Significant Interest in a Club while he either directly or indirectly holds any interest in any class of Shares of another Club; or
2.3 he becomes prohibited by law from being a Director; or
2.4 he has a conviction (which is not a Spent Conviction) imposed by a court of the United Kingdom or a competent court of foreign jurisdiction:
2.4.1 in respect of which an unsuspended sentence of at least 12 months’ imprisonment was imposed; or
2.4.2. in respect of any offence involving any act which would reasonably be considered to be dishonest (and, for the avoidance of doubt, irrespective of the
actual sentence imposed); or
2.4.3 in respect of an offence set out in the Appendix 12 Schedule of Offences or a directly analogous offence in a foreign jurisdiction (and, for the avoidance of doubt, irrespective of the actual sentence imposed); or
2.5 he makes an Individual Voluntary Arrangement or becomes the subject of an Interim Bankruptcy Restriction Order, a Bankruptcy Restriction Order or a Bankruptcy Order; or
2.6 he is or has been a Director of a Club which, while he has been a Director of it, has suffered 2 or more unconnected Events of Insolvency; or
2.7 he has been a Director of 2 or more Clubs or clubs each of which, while he has been a Director of them, has suffered an Event of Insolvency.

If the "offence" is interpreted to exclude decisions from other competent sporting bodies, this would stop Flav.

As an individual would have to have a licence to be at the top level, they would be accepting the rules and if they violate the rules they could lose that licence.

[Sodemo]

Campos team to be sold before season starts?
http://formula-one.speedtv.com/artic...-before-debut/

Not sure about the quality of the source.

[Marbot]

Originally Posted by Bononi

Max... bot, quit the beer.

I feel the same way as this chap.

http://www.crash.net/f1/news/155792/...n_my_eyes.html

[Marbot]

"It is not a secret that we do not have the budget. And time is scarce," a source confirmed.

hmmm....that doesn't sound too good does it!

But once again, it's from a "source".

[Tourer]

So Campos need investors - understandable.

But bloody hell, Tex? He'll just promise the world & deliver nothing at all - be a very short time in the sun if they bring him in you would think.

The man must have VERY thick skin and no sense of decency on any level to even be talking about it.

[Juntos]

You do not underestimate Teixeira. He is a self made man and has been involved in trading, logistics, transport and diamond exploration activities throughout Africa for over 25 years. His fortune and resources are much bigger than what he put in A1 GP.

[Peter Ford]

Why spend bucket loads of $$$ to enter f1 then find that that u dont the $ to complete and end up selling the team even before u get to race the first race of the season

[Mak]

Originally Posted by Juntos

You do not underestimate Teixeira. He is a self made man and has been involved in trading, logistics, transport and diamond exploration activities throughout Africa for over 25 years. His fortune and resources are much bigger than what he put in A1 GP.

Self made of the back of all those he has exploited!

[Kiwi3]

Originally Posted by Juntos

You do not underestimate Teixeira. He is a self made man and has been involved in trading, logistics, transport and diamond exploration activities throughout Africa for over 25 years. His fortune and resources are much bigger than what he put in A1 GP.

But obviously without any integrity.

Campos Meta need to squash this link immediately or Teixeira will sink their credability.

[climb]

Originally Posted by Kiwi3

But obviously without any integrity.

Campos Meta need to squash this link immediately or Teixeira will sink their credability.

I agree, but a part from that, it's crystal clear that Campos are looking for maoney, a whole lot of money, which Teixeira obviously doesn't have, otherwise he wouldn't have left all those debts unpaid in A1GP.

So, other than dangerous from an image standpoint, any link with Teixeira would be completely useless from a financial one.

I'd prefer... ehhmmm... ehy mates!! Hasn't Flavio's ban been rejected?

[Juntos]

I understand the aussies are still in pain but the Queensland Government knew months before it pulled out of the Gold Coast SuperGP that the A1GP was in financial difficulty and was unlikely to turn up but still paid the organization $1.8m Aussies in appearance money. No injury can be complained of by a consenting party. Anyway A1GP is A1GP, and Tony Teixeira is Tony Teixeira. He has the money. He is a successful entrepreneur. He is still clean for the regular spectator. Campos needs desperately cash. If he can bank it... why not?

[Oldtony]

Tony TX wrote a long rambling letter to the Qld. Minister involved just 3 weeks before cancelling. In it he gave a lot of personal guarantees. That letter is being give as part of the reason the AUD$1.8 million was advanced for transportation cost. Tony Tx also advised he would give AUD$50,000 to charity if he didn't show.
Check the published FOI papers in the Gold Coast Bulletin on line.
Juntos, either Tony TX has money and no integrity, has integrity but no money, or possibly has niether.
Whichever he's not the sort of bloke I'd want the name of the team associated with.
Granted the Qld connection behaved like mugs and didn't do proper due dilligence. The Minister. and possibly the Government won't survive.

[jab]

Stick "Tony Teixeira blood diamonds" into Google and draw your own conclusions

Adrian has now responded. The irony about all the cynicism is that they have said they will be at the first test, whereas Red Bull won't, but there'll be no speculation about their future

[strider]

Upheavals at Virgin? http://joesaward.wordpress.com/2010/...als-at-virgin/

[jab]

It's surprising - even though he doesn't have any racing experience, he's a Virgin man. Looks like he will be replaced with someone from within Manor who knows something about motorsport. Are Virgin having second thoughts, I wonder?

Also I see again that the team are looking for a title sponsor. This does surprise me considering it's an advertising vehicle for Virgin as it is, but then they're not actually putting that much in, or so we keep getting told

[strider]

As Joe Saward says it's a logical move in racing terms and if Lloyds Bank is to become involved any significant way that can only be good news.

I'm very sceptical about Richard Branson and Virgin at all times. The deal they had with Brawn was so one-sided as to be laughable, but the need to get the cars to Australia for the first race made it a necessity.

[old man]

Somebody told me that Virgin were unlikely to part with large sums of money in sponsorship and that the draw was in the name, looks like that may be working against Manor here

[Marbot]

Virgins Cosworth engines are to be branded as 'Marussia'. Team to be known as 'Virgin - Marussia'. Other interesting details as well.

http://www.grandprix.com/ns/ns22026.html

[jab]

Testing at Silverstone too due to the early completion of the car. Great news