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Manor set to be sold to an asian-based consortium


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#1 FullThrottleF1

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Posted 14 December 2016 - 11:57

Matt Sommerfield has reported that source close to the team has told him that a deal has been done to completly purchase Manor from Fitzpatrick. http://www.somersf1....-manor.html?m=1



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#2 Marklar

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Posted 14 December 2016 - 12:00

Wasnt there a crazy rumour that Ron Dennis is going to buy Manor with an Asian consortium?  :stoned:

 

I guess it's more related to the Galael family?


Edited by Marklar, 14 December 2016 - 12:00.


#3 PayasYouRace

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Posted 14 December 2016 - 12:03

Wasnt there a crazy rumour that Ron Dennis is going to buy Manor with an Asian consortium?  :stoned:

 

I guess it's more related to the Galael family?

 

Project 5 might finally arrive.   ;)



#4 Jackmancer

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Posted 14 December 2016 - 12:10

Would be so funny if Stephan Fitzpatrick would start StephanGP.



#5 Fastcake

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Posted 14 December 2016 - 12:10

Tavo Hellmund was the one previously rumoured to be buying into the team, though that suggests he was only involved as an intermediary, for some reason.

Stephan Fitzpatrick is not exactly wealthy, so it has been expected since he brought the team that he'll eventually have to find more investors.

#6 TheRacingElf

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Posted 14 December 2016 - 13:23

 

 

"as a consortium with ties to the Asian market and several GP2 drivers seem to be the ones who are actually behind the purchase, that is understood to have been concluded yesterday at their base of operations in Banbury."

 

Jagonya Ayam? With Giovinazzi  as one of the race drivers and Sean Gelael as a reserve? 



#7 HistoryFan

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Posted 14 December 2016 - 13:44

yes I already heard from the Gelael family some weeks ago. So it could be right. Better than Tavo Hellmund I think, Geael is long-term and they had some own companies like KFC Indonesia



#8 TyreSmokeDownshift

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Posted 14 December 2016 - 13:50

Looks like Tony G could be coming on-board the Manor bandwagon...



#9 FullThrottleF1

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Posted 14 December 2016 - 14:06

Anyone remember the last time a F1 team hooked up with a fast food chain?burgerking.jpg


Edited by FullThrottleF1, 14 December 2016 - 14:07.


#10 rjsports

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Posted 14 December 2016 - 14:27

This sounds like a finger lickin' good deal.



#11 FullThrottleF1

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Posted 14 December 2016 - 14:31

http://www.f1talks.p...ejeciem-manora/



#12 LORDBYRON

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Posted 14 December 2016 - 14:31

Finger licking good... Do you signaling that the KFC Indonesia will be the part of the deal



#13 LORDBYRON

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Posted 14 December 2016 - 14:34

Wasnt there a crazy rumour that Ron Dennis is going to buy Manor with an Asian consortium?  :stoned:

 

I guess it's more related to the Galael family?

He is worth around 175 million if he wanted to could buy and bankroll manor if he wanted to 


Edited by LORDBYRON, 14 December 2016 - 14:34.


#14 rjsports

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Posted 14 December 2016 - 14:34

 

Finger licking good... Do you signaling that the KFC Indonesia will be the part of the deal

 

 

I do, they've started in F3 (in 2014?), went to 3.5 the year after and now they're active in GP2. So obviously there is money there, and it's also something Will Buxton mentioned.



#15 muramasa

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Posted 14 December 2016 - 15:14

eek

those KFC fast racing cars with Sanders face on the sides of the car always freaks me out :drunk: 



#16 TyreSmokeDownshift

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Posted 14 December 2016 - 15:27

Also, I wonder what the Manor livery is going to look like if this happens. Identical to the JA-sponsored cars in the lower formulae? A mixture of Manor and JA liveries?



#17 HistoryFan

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Posted 14 December 2016 - 16:03

I like that yellow-red liveries...



#18 DogEarred

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Posted 14 December 2016 - 16:25

If they are sponsored by KFC, it will vastly reduce their aerodynamics costs. - Wings are only £2.50 for 6....



#19 SenorSjon

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Posted 14 December 2016 - 16:33

If they are sponsored by KFC, it will vastly reduce their aerodynamics costs. - Wings are only £2.50 for 6....

 

But they are too chicken to overtake. :(



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#20 Nathan

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Posted 14 December 2016 - 17:31

He is worth around 175 million if he wanted to could buy and bankroll manor if he wanted to 

 

No, on paper he is worth that.  If he tried to offload half those assets he probably wouldn't get half the value you quoted.  To be an F1 owner cash flow is king, and Fitzy doesn't have enough of that.  But assuming he could get full value selling his assets, he'd have it all blown after 4 seasons.  That doesn't scream rich enough to me either.



#21 AustinF1

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Posted 14 December 2016 - 21:37

de148ad361_F3-Europe-Rd-2-Hockenheim-Tim



#22 muramasa

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Posted 14 December 2016 - 21:42

 

yuck :drunk:

 

just look at that Sanders, creepy :drunk:



#23 Starchild

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Posted 14 December 2016 - 21:50

I wouldn't mind if that's their livery for next year, yellow-red is a nice combination...

And I also wouldn't mind if that's their drivers line-up.  :D  Giovinazzi and Blomqvist as main drivers, and Galael as reserve/test driver... :cool:


Edited by Starchild, 14 December 2016 - 21:51.


#24 LeClerc

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Posted 14 December 2016 - 22:03

But they are too chicken to overtake. :(


But very eggciting

#25 highdownforce

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Posted 14 December 2016 - 22:18

Choose your sauce:

 

gp2-jerez-march-testing-2016-antonio-gio

 

gp2-jerez-march-testing-2016-mitch-evans



#26 Haribo

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Posted 14 December 2016 - 22:21

KFCESM.jpg



#27 Brandz07

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Posted 14 December 2016 - 22:35

Choose your sauce:

 

gp2-jerez-march-testing-2016-antonio-gio

 

gp2-jerez-march-testing-2016-mitch-evans

Would definitely be more bottom than top. The Prema one was forced by having RB on the other car.  :up:



#28 Myrvold

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Posted 15 December 2016 - 03:49

No, on paper he is worth that.  If he tried to offload half those assets he probably wouldn't get half the value you quoted.  To be an F1 owner cash flow is king, and Fitzy doesn't have enough of that.  But assuming he could get full value selling his assets, he'd have it all blown after 4 seasons.  That doesn't scream rich enough to me either.


I think it was about Ron Dennis, not Fitzpatrick

#29 Nathan

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Posted 15 December 2016 - 04:47

I think it was about Ron Dennis, not Fitzpatrick

Thanks for the correction!  I just figured it was Fitz because I thought Ron was worth more! 



#30 SenorSjon

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Posted 15 December 2016 - 08:54

 

yuck :drunk:

 

just look at that Sanders, creepy :drunk:

 

Why yuck? I don't mind a few extra colors on the grid. Most cars are so damn boring liveried nowadays.



#31 DogEarred

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Posted 15 December 2016 - 09:23

Better to have Colonel Sanders than his look alike, Rolf Harris...



#32 HistoryFan

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Posted 15 December 2016 - 10:50

who is that guy on the livery?



#33 William Hunt

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Posted 15 December 2016 - 10:51

who is that guy on the livery?

 

Donald Trump with glasses



#34 PayasYouRace

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Posted 15 December 2016 - 12:47

I find it odd that KFC sponsorship appears on cars in McDonalds' corporate colours of red and yellow. Surely KFC should be red and white.

#35 4mula1

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Posted 15 December 2016 - 12:59

With KFC being global it up the ante to "Fastest Chicken in the World!"

 



#36 goingthedistance

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Posted 15 December 2016 - 12:59

If it means getting Giovinazzi in F1, then why not. Harayanto wasn't bad either. 



#37 muramasa

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Posted 15 December 2016 - 14:09

Why yuck? I don't mind a few extra colors on the grid. Most cars are so damn boring liveried nowadays.

it's not a serious dislike as it's obvious from nuance of my posts with smilies

 

yuk is yuk, i find that Sanders face logo driving past at 300kmph very comical and creepy so I'm teasing it



#38 HistoryFan

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Posted 15 December 2016 - 16:48

If it means getting Giovinazzi in F1, then why not. Harayanto wasn't bad either. 

I think there is no link between Haryanto and Jogonya Ayam (just the same nation), But as I know he never had sponsorship from Gelael.



#39 DinocoBlue

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Posted 15 December 2016 - 19:45

Not a huge fan of they yellow and red too much like the Golden Arches.

 

Why not go for red and white stripes, like the old buckets. Actually, scratch that.. what about orange and beige of the original KFC?

 

story_28_lrg.jpg



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#40 Prost1997T

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Posted 15 December 2016 - 19:54

I find it odd that KFC sponsorship appears on cars in McDonalds' corporate colours of red and yellow. Surely KFC should be red and white.

 

Ricardo Gelael's franchise has used yellow before in their advertising:

 

WSUfWyB.png



#41 AustinF1

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Posted 15 December 2016 - 20:52

As I said with the other deal, hopefully it happens. But WeWillSee.

 

Saward: The situation at Manor

https://joesaward.wo...ation-at-manor/

 

Allen: Manor faces tough mission to make the grid in 2017

https://www.jamesall...2017-f1-season/


Edited by AustinF1, 15 December 2016 - 21:07.


#42 cbbcisace

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Posted 15 December 2016 - 20:55

As I said with the other deal, hopefully it happens. But WeWillSee.


So will everyone else, plus I think the two above articles you've posted show nothing apart from trying to push news out to people, especially the Allen one.

Edited by cbbcisace, 15 December 2016 - 21:37.


#43 Nathan

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Posted 15 December 2016 - 21:50

Not a huge fan of they yellow and red too much like the Golden Arches.

 

Why not go for red and white stripes, like the old buckets. Actually, scratch that.. what about orange and beige of the original KFC?

 

It depends if Indonesian KFC customers identify with the retro look.  If yellow and red is how they associate KFC, that's how it will be.



#44 Graveltrappen

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Posted 15 December 2016 - 21:55

Graeme Lowden involvement sounds interesting.... wonder if he'd lure Booth back from Torro Rosso

#45 Nathan

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Posted 15 December 2016 - 22:02

I'm curious where Lowden and Booth's opinions differed from Fitzpatrick's as that was the reason for leaving.  Manor did well this year. 


Edited by Nathan, 15 December 2016 - 22:02.


#46 EthanM

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Posted 15 December 2016 - 22:09

another year, another new owner for Manor F1



#47 PayasYouRace

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Posted 15 December 2016 - 22:13

Why is it that Manor needs a new owner rather than just sponsorship?

 

What I suspect is that 2016 might turn out to be the best season they've ever had. F1 teams work best when their owners are racers and the money comes from sponsors. As soon as the money owns the team then results go the wrong way.



#48 EthanM

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Posted 15 December 2016 - 22:17

Why is it that Manor needs a new owner rather than just sponsorship?

 

What I suspect is that 2016 might turn out to be the best season they've ever had. F1 teams work best when their owners are racers and the money comes from sponsors. As soon as the money owns the team then results go the wrong way.

 

 

Except sponsors are extremely slim pickings if you 're a forevermore backmarker. Plus Harianto's sponsors, apparently, left a big gaping hole in the budget (by not paying) that the current owner is unwilling to plug out of pocket. 



#49 DinocoBlue

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Posted 15 December 2016 - 22:41

I hope they keep the Manor name - and the "LWT" M-logo. It'd be a shame if that was confined to F1 history after one season (just like Lotus Racing's Plectrum logo).



#50 R Soul

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Posted 15 December 2016 - 23:01

Has a consortium ever successfully taken over an F1 team?