119 replies to this topic

[Fisico54]

They can be blamed for squandering money that they could instead pay out to employees.

Explain how, in any way, this has happened? Otherwise don't comment when you obviously don't understand

[loki]

IF... I say IF they had a billion dollars, they would have a line of SMART engineers wanting to join them...

at that point they would rocket up from the bottom to be at least a RESPECTABLE runner...
 

Yes because having a vast amount of financial resources and a deep engineering pool has helped McLaren/Honda get to where they are this season.

[loki]

As i always suspected the new car wont be here the team dont know when its coming blaming it on the august break.In truth there was never a 2015 car in the pipeline they don't have the cash to build both 2015 and 2016 car so it seems the 2015 car will be renamed 2016 car. At best the 15 car would do at best 3 or 4 races

 

Or it could be they dont own any IP right to the 2015 design

 

http://www.formulapa...uova-monoposto/

They may have had aspirations and intentions to build a 2015 car but perhaps reality has dictated otherwise.  They may have gotten into the season and accepted they can't even do two cars at this point let alone develop a new car.

[GhostR]

As i always suspected the new car wont be here the team dont know when its coming blaming it on the august break.In truth there was never a 2015 car in the pipeline they don't have the cash to build both 2015 and 2016 car so it seems the 2015 car will be renamed 2016 car. At best the 15 car would do at best 3 or 4 races

Or it could be they dont own any IP right to the 2015 design

http://www.formulapa...uova-monoposto/

That article doesn't say anything we didn't already know. You're extrapolating a statement that says "we haven't decided yet as we're still analysing the best approach" into "we won't do a 2015 car".

All he's said re: August is they have to take into account, when making their decision, that the factory must close during that period.

[KWSN - DSM]

They have not participated as a team yet. They are just p*ssing away they owe to the families of employees who have not been paid or to supplies who are on the verge of bankruptcy. 

 

They are a disgrace.

 

I think you mean "I think they are a disgrace", entering and exiting Administration is a regulated affair, under which the creditors have the right to block the exit in case they are not satisfied with the amount they are to receive as partial (or full) payment against the debt owed them. Since they did exit Administration, all the creditors have accepted the penny on the dollar, what ever the amount it they all think that having the team run as a team will give them better coverage than were the whole thing parceled out at an auction.

 

You may not be aware how F1 is set up, however they no longer allow 1 car teams, there have to be two cars entered. Manor GP participated as a team at both the Australian and Malaysian Grand Prix.

 

I imagine that you find them a disgrace through the results in those two races, I am certain that Manor GPs management and the whole team are very disappointed as well, they did however try as hard as they could in order to ensure that they do not fail to honor the penny on the dollar agreement they have made as a means to exit Administration.

 

If nothing else then can take some sort of pleasure in having same number of cars classified over the 1st two Grand Prix races as both McLaren and Lotus.

 

[kevinracefan]

Yes because having a vast amount of financial resources and a deep engineering pool has helped McLaren/Honda get to where they are this season.

they have history, and BUDGET to fix it...

are you really trying to compare McLaren to Manor???

that's hilarious...

[loki]

they have history, and BUDGET to fix it...

are you really trying to compare McLaren to Manor???

that's hilarious...

I'm commenting on your statement, quoting

 

IF... I say IF they had a billion dollars, they would have a line of SMART engineers wanting to join them...

at that point they would rocket up from the bottom to be at least a RESPECTABLE runner...

 

McLaren and Honda have plenty of resources and the only thing close to being a rocket on that team are the exploding engine parts.

[Peter0Scandlyn]

Going nowhere here, pretty slowly at that....

[ardbeg]

Going nowhere here, pretty slowly at that....

Fitting for a thread about Manor, ain't it?

[Nemo1965]

I think you mean "I think they are a disgrace", entering and exiting Administration is a regulated affair, under which the creditors have the right to block the exit in case they are not satisfied with the amount they are to receive as partial (or full) payment against the debt owed them. Since they did exit Administration, all the creditors have accepted the penny on the dollar, what ever the amount it they all think that having the team run as a team will give them better coverage than were the whole thing parceled out at an auction.

 

You may not be aware how F1 is set up, however they no longer allow 1 car teams, there have to be two cars entered. Manor GP participated as a team at both the Australian and Malaysian Grand Prix.

 

I imagine that you find them a disgrace through the results in those two races, I am certain that Manor GPs management and the whole team are very disappointed as well, they did however try as hard as they could in order to ensure that they do not fail to honor the penny on the dollar agreement they have made as a means to exit Administration.

 

If nothing else then can take some sort of pleasure in having same number of cars classified over the 1st two Grand Prix races as both McLaren and Lotus.

 

 

Excellent post. I like to add: if Ecclestone (and a lot of his cronies in here) are so outraged by a skeletton-F1 team getting money that should 'stay in F1' or 'that only team in name won last year', I have a very simple solution: pay price-money directly on the Monday after the race. A team gets a point? Fork over 2 million dollars. The team pays his outstanding debts, perhaps can buy some new parts and pay for the catering. Perhaps you could also pay half the price money directly, and add or subtract the rest according to the finishing position in the championship.

 

Ecclestone (and his cronies) are outraged by the undesirable side-effects of a price-money structure that is absurd, dishonest and kartel-like in it's nature. I find it quite amusing.

[Fisico54]

they have history, and BUDGET to fix it...

are you really trying to compare McLaren to Manor???

that's hilarious...

John Booth and Manor have the history for their motives not to be doubted

[WilliamsFan25]

I think you mean "I think they are a disgrace", entering and exiting Administration is a regulated affair, under which the creditors have the right to block the exit in case they are not satisfied with the amount they are to receive as partial (or full) payment against the debt owed them. Since they did exit Administration, all the creditors have accepted the penny on the dollar, what ever the amount it they all think that having the team run as a team will give them better coverage than were the whole thing parceled out at an auction.

 

You may not be aware how F1 is set up, however they no longer allow 1 car teams, there have to be two cars entered. Manor GP participated as a team at both the Australian and Malaysian Grand Prix.

 

I imagine that you find them a disgrace through the results in those two races, I am certain that Manor GPs management and the whole team are very disappointed as well, they did however try as hard as they could in order to ensure that they do not fail to honor the penny on the dollar agreement they have made as a means to exit Administration.

 

If nothing else then can take some sort of pleasure in having same number of cars classified over the 1st two Grand Prix races as both McLaren and Lotus.

 

And you may want to stop spouting rubbish.

 

Did the employees have a chance to block the exit? No. Are they using money that could have gone to those unpaid employees who have families to support? Yes.

[anneomoly]

And you may want to stop spouting rubbish.

 

Did the employees have a chance to block the exit? No. Are they using money that could have gone to those unpaid employees who have families to support? Yes.

 

I thought the rumour was at the end of last year that Marussia owed their employees 1 week's pay? In which case surely the bigger problem was 200 people suddenly not having a job (rather than being owed money for work they've already done), and at least the continuation of Manor means that some of them have employment for this year?

 

And if you're talking about the employees of the companies who are owed money, then they're the ones whose bosses accepted the less than 2p for the pound. And I'd bet the increase in that 2p wouldn't be anywhere towards the pound, or the creditors wouldn't have let them exit administration.

 

So, yes, Manor not surviving would probably have slightly increased what the creditors got, but wouldn't have increased what Marussia's direct employees got and would have meant none of them were employed for this season. Because let's face it, creditors first. Which means that Dell, Ferrari, McLaren and Timo Glock are further up the line for repayment than the mechanics.

[Fisico54]

And you may want to stop spouting rubbish.

Did the employees have a chance to block the exit? No. Are they using money that could have gone to those unpaid employees who have families to support? Yes.

How are they? The current money comes from 2 sources - prize money and Fitzpatrick. The prize money wasn't available without racing this year and Fitzpatrick wasn't involved in 2014. How could any of that money have ever made it to the creditors? In fact the creditors are better off with Manor settling with them to exit administration than a further liquidation.

[kevinracefan]

I'm commenting on your statement, quoting
 
McLaren and Honda have plenty of resources and the only thing close to being a rocket on that team are the exploding engine parts.

OK... fair enough, LOL...

Uhh... which team has run more laps this season??

did McLaren drag a bunch of dead cars and equipment half way around the world to Oz for nothing?????

McLaren and Manor have no spot to directly compare each other...

Manor can't be compared to ANYBODY for ineptness... They are the champions of that category... by miles...

[kevinracefan]

John Booth and Manor have the history for their motives not to be doubted

lower formula does NOT give instant credibility..

F1 is a money formula, and they don't have enough to compete, I M O...

[george1981]

I've just checked the regulations and the teams are allowed to have 60 operational staff at an event. From what Marussia have said they took 40 people to Austrailia. Assuming that all 40 were operational staff that still leaves with fewer staff than most teams bring.

[Myrvold]

Did the employees have a chance to block the exit? No. Are they using money that could have gone to those unpaid employees who have families to support? Yes.

What money? The money they have now, in an effort to go racing, is there, just because of that. Racing. They had nothing and the end of 2014. No money to pay anyone, absolutely nothing.

Due to the new investor, they had the chance to race, and by doing that, they also get the prize money. But without going racing, there wouldn't been any money in the team what so ever.

It is not like they sat there with 20 million and wondered "should we pay people or go racing". Your theory and grudge assumes they had money at the end of 2014 as well, something they did not have.

Edited by Myrvold, 05 April 2015 - 18:19.

[KWSN - DSM]

And you may want to stop spouting rubbish.

 

Did the employees have a chance to block the exit? No. Are they using money that could have gone to those unpaid employees who have families to support? Yes.

 

As have been posted by those knowing the UK laws governing a company going in to Administration, all employees were paid what they there due, or some high percentage which I do not recall. The people who worked for Marrussia and who do not work for Manor GP have been paid what they were owed, or very very close to, not knowing the law I will state emphatically that they did. Those worked for Marrussia and are working for Manor GP is being paid according to a payscale they have decided to work under, they are working in the sport they want to work in, they are not unemployed and they are not being fleeced by Manor GP.

 

The constant reference to employees not being paid is simply not correct, the only contract we know was not paid the last couple of years by a F1 towards an employee, when Lotus were not paying Kimi.

 

It is perfectly open for all of us to have views, opinions and emotions in regard Manor GP, yours would be bringing more to the discussion, if based more on quantifiable issues, than the made up on ones not existing.

 

[LORDBYRON]

Look on the bright side guys the teams here for the next 3 year long as they find £30 million a year as the rest they get as they will finish the championship always in the prize money ,Until HASS is entitled to get any

 

If you look at it from a buy and flip point of view its a good way to flip some cash as there engine deal is pay as they go so a big manufacture could buy them at any time