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VISA Cash App RB Potentially For Sale?


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#1 AustinF1

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Posted 10 April 2024 - 22:00

Potential Andretti F1 opening emerges after shock Helmut Marko reveal
 
Red Bull senior advisor Helmut Marko has said many potential buyers are swirling around their second team RB with a sale possible, which re-ignites hope of Andretti joining the Formula 1 grid.
 


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#2 Nathan

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Posted 10 April 2024 - 22:10

I wonder if that sale will come with a contract for Ford PU's, unless one of the other existing teams is lining one up.  Surely, Red Bull would want more than one team running them?



#3 kumo7

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Posted 10 April 2024 - 22:35

There is this thread on Alpine being discussed for sale. It sounds pretty much that this potential buyer is, or buyers are, in discussions with several parties. Which might include as much as three or even four teams who are in the lower half of the grid. Sauber is not I understood…

Edited by kumo7, 10 April 2024 - 22:36.


#4 pdac

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Posted 10 April 2024 - 23:23

Mercedes should scoop up all of these teams that are for sale. If they have enough car designs, they might be able to find one that can be developed into a winner.



#5 William Hunt

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Posted 10 April 2024 - 23:38

It's also here, now these rumours about AlphaTauri/RB & Haas come back every year. But this is the real reason why the current F1 teams refuse to let any new team in: so they can sell at much higher price whenever they want to sell.

https://www.grandpri...high-price.html

 

This potential buyer (or potential buyers?) are for sure not Andretti. I would look at the other rejected teams for candidates.


Edited by William Hunt, 10 April 2024 - 23:39.


#6 Ragamuffin

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Posted 11 April 2024 - 00:38

Let's all club together and really show them how to run a team.



#7 AncientLurker

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Posted 11 April 2024 - 00:45

Let's all club together and really show them how to run a team.

The power struggle over how we run the HR department will be epic.

#8 Myrvold

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Posted 11 April 2024 - 14:07

It's also here, now these rumours about AlphaTauri/RB & Haas come back every year. But this is the real reason why the current F1 teams refuse to let any new team in: so they can sell at much higher price whenever they want to sell.

https://www.grandpri...high-price.html

 

This potential buyer (or potential buyers?) are for sure not Andretti. I would look at the other rejected teams for candidates.

 

The optimist in me, want these news to mean that teams are now wanting to sell before more teams gets added to the grid, so they are able to sell, while it looks like it is a 10-team closed shop.



#9 PayasYouRace

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Posted 11 April 2024 - 15:09

Makes you wonder about the crap rebrand for this season.

#10 Risil

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Posted 11 April 2024 - 15:46

Is Red Bull wanting to sell their second team the news, or is the news that Marko says there are finally realistic buyers?

#11 Baddoer

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Posted 11 April 2024 - 15:49

The cheque is in the post this time?



#12 KWSN - DSM

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Posted 11 April 2024 - 16:44

Is Red Bull wanting to sell their second team the news, or is the news that Marko says there are finally realistic buyers?

 

By Kolles?!

 

/s



#13 CSF

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Posted 11 April 2024 - 16:46

By Kolles?!

 

/s

 

 

Toto approves.  :lol:



#14 FirstnameLastname

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Posted 11 April 2024 - 16:58

I’ll miss Freezer-CatFlapRB. Such memories.

#15 Myrvold

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Posted 11 April 2024 - 17:30

By Kolles?!

/s


ByVanwall isn't allowed in to WEC so maybe buy and make it ByRB :p

#16 KWSN - DSM

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Posted 11 April 2024 - 17:33

Toto approves.  :lol:

 

If By Kolles falling through for some reason. then surely Stefan GP main sponsor Rich Energy?



#17 pdac

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Posted 11 April 2024 - 17:52

I do hope Mr Storey is reading about this and putting together the funding right now.



#18 kumo7

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Posted 13 April 2024 - 05:33

If By Kolles falling through for some reason. then surely Stefan GP main sponsor Rich Energy?

 

If it were,... Kolles Stefan United F1 Team might be a good option for all the new from Germany to east Europeans to get united and go racing hard, ...  :cool:

 

Having said this, we have only 12 slot so one could be left for an Asian team. Silly neither Honda or Toyota is present in the league and not showing the sign to be present as a team. If there is something to think about as a F1 owner, this could be a point of consideration.

 

History proves that single source of income is not the right way to go. As F1 pronounces free from politics long way back, it should welcome teams from the worlds big economy where there are enough racing automotive technology ca be found: USA, Japan. There must be something wrong in its organization that it is not.



#19 se7en_24

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Posted 13 April 2024 - 12:40

Let's all club together and really show them how to run a team.

About 15 years ago or something there was a guy here trying to organise a fan led F1 team, he was convinced it was happening.

 

https://www.unracedf...s-take-control/


Edited by se7en_24, 13 April 2024 - 12:40.


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#20 KWSN - DSM

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Posted 13 April 2024 - 16:40

We should have less manufacturer teams, not more.

 

And have not limit of how many teams can compete, just get the many millions 3 year garuanteed funds back in place, that should cover the fear of people losing their jobs overnight.


Edited by KWSN - DSM, 13 April 2024 - 16:41.


#21 noikeee

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Posted 13 April 2024 - 16:44

It's also here, now these rumours about AlphaTauri/RB & Haas come back every year. But this is the real reason why the current F1 teams refuse to let any new team in: so they can sell at much higher price whenever they want to sell.
https://www.grandpri...high-price.html


What, is that like, news or something?

#22 pdac

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Posted 13 April 2024 - 18:13

We should have less manufacturer teams, not more.

 

And have not limit of how many teams can compete, just get the many millions 3 year garuanteed funds back in place, that should cover the fear of people losing their jobs overnight.

 

People lose their jobs overnight because the team burns through that money in the first 3 years, then thinks that the fourth year is going to be where they make it big. They stretch what little they have left, build up debts to suppliers, etc. and continue to compete. Then they run out of money and, overnight, everyone loses their jobs.



#23 KWSN - DSM

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Posted 13 April 2024 - 18:20

People lose their jobs overnight because the team burns through that money in the first 3 years, then thinks that the fourth year is going to be where they make it big. They stretch what little they have left, build up debts to suppliers, etc. and continue to compete. Then they run out of money and, overnight, everyone loses their jobs.

 

If a going concern close after 3 years you have plenty warning.



#24 pdac

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Posted 13 April 2024 - 20:04

If a going concern close after 3 years you have plenty warning.

 

But it's not 3 years warning. They run happily for 3 years. Everyone thinks things are fine, but the money is running out. The notice is somewhat shorter. Only if the FIA demanded that each team verified that they had enough money for the next season every year would there be more security for staff.


Edited by pdac, 13 April 2024 - 20:05.


#25 kumo7

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Posted 14 April 2024 - 02:44

We should have less manufacturer teams, not more.

And have not limit of how many teams can compete, just get the many millions 3 year garuanteed funds back in place, that should cover the fear of people losing their jobs overnight.


Both private teams as well as factory teams can closed the operation suddenly. We saw many private teams ending operations, a team with a pedigree of factory names battling internal struggles ending, An authentic factory teams pulling the plug like a habit through away many millions. No matter how stable the championship might become, Honda has this habit of judging the technical relevancy and comes and goes as rule changes. This behavior is both impressive and hard to understand.

#26 KWSN - DSM

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Posted 14 April 2024 - 08:23

But it's not 3 years warning. They run happily for 3 years. Everyone thinks things are fine, but the money is running out. The notice is somewhat shorter. Only if the FIA demanded that each team verified that they had enough money for the next season every year would there be more security for staff.

 

If you lay down $50 million as garuantee for 3 years of participation, and then spend the totality of the cap those 3 years you do not fail overnight - Your scenario mean we all need to work for government agencies, no private company is safe.



#27 KWSN - DSM

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Posted 14 April 2024 - 08:24

I am not talking about teams/companies folding, I am talking about there should not be more Manufacturer owned teams, and that there should be a wide-open field if teams meet set criteria.



#28 pdac

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Posted 14 April 2024 - 09:37

If you lay down $50 million as garuantee for 3 years of participation, and then spend the totality of the cap those 3 years you do not fail overnight - Your scenario mean we all need to work for government agencies, no private company is safe.

 

But if you continue after 3 years with no guarantee of funding, you could well fail overnight, especially if you've bought stuff from suppliers that you've not actually paid for. F1 does not want come and go teams. That idea went out years ago. They want to know that, not only do teams have funding for a few years, but that they have a strong business plan that will generate good income too (to sustain themselves over the long term).


Edited by pdac, 14 April 2024 - 09:40.


#29 KWSN - DSM

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Posted 14 April 2024 - 18:17

Our disagreements over how a team can be run successfully or not on an out lay of $440 million over 3 years plus whatever is spend on drivers and highest paid engneers are not really something which belong in this thread, I have higher expectations than you in how smart the teams run their shops.



#30 FullThrottleF1

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Posted 14 April 2024 - 18:22

I refuse to believe Red Bull will ever sell Faenza