2018 F1 Random Discussion Thread

LucasWheldon · PostPosted: Fri Jul 27, 2018 10:13 pm

So the money laundering machine is just changing the name and the colors

kals · PostPosted: Fri Jul 27, 2018 10:18 pm

LucasWheldon wrote:

So the money laundering machine is just changing the name and the colors

F1?

amq55 · PostPosted: Fri Jul 27, 2018 10:20 pm

gkmotorsport wrote:

amq55 wrote:

Since we're here, here is the face behind Rich Energy:

He is currently a director of a few other companies in the UK:

Rich Energy Racing Ltd - this company, formed in December, who have no accounts files but have pulled 30m GBP out of their beards
Rich Energy Ltd - The actual, active company whose last account filing is shown in the tweet above. Worth about 2.1 million in assets
Wise Guy Boxing - Seems to be doing nothing other than avoiding a winding-up order last year for failing to submit a return in 2016
Tryfan Technologies Ltd - Currently in liquidation, having been the subject of a winding-up order from Sky TV Germany, oddly enough

All four are registered to the same rent-an-office building in London. Seems like the sort of business who can save an F1 team...

This one might be related to his William Storey Management business, where he managed a couple of boxers and claims to have had clients in all forms of sport and entertainment, but without mentioning any names or going into specifics.

Juihi · PostPosted: Fri Jul 27, 2018 10:41 pm

Here's an interview with him a few months back, seems like a nice guy

LucasWheldon · PostPosted: Fri Jul 27, 2018 11:31 pm

kals wrote:

LucasWheldon wrote:

So the money laundering machine is just changing the name and the colors

F1?

someone in control of F1 did money laundering. All I know is people involved with teams, like Shannon Group takeover of Forti Corse

Fabs · PostPosted: Fri Jul 27, 2018 11:49 pm

Well well, will be fun to follow this story this weekend. Will the cars drive tomorrow?

RtN · PostPosted: Fri Jul 27, 2018 11:57 pm

That would be a decision for the administrators.

If there is no longer any penalty from FOM for missing a grand prix, then they might be inclined to do so. It would save expenditure on equipment, engines and salaries.

amq55 · PostPosted: Sat Jul 28, 2018 12:12 am

According to Joe Saward, the type of administration they're trying to set up means that they can keep trading and running during the process as the buyers of the assets will already be determined before the administrators are appointed.

Usually, it's the administrators who find the buyers.

https://www.motorsportweek.com/joeblogs ... um=twitter

EAS · PostPosted: Sat Jul 28, 2018 5:39 am

So, the request for administration was submitted by Perez and backed by Mercedes and BWT, their title sponsor. Both Perez company and BWT showed interest in manage the team at this moment while Lawrence Stroll has been ruled out as a potential buyer.

I wouldn't be surprised if I see Ocon leaving the team in favor of Stroll's money still this season.

gkmotorsport · PostPosted: Sat Jul 28, 2018 8:21 am

This is the weirdest twist to an F1 team running out of money that I've ever seen. Perez (through his sponsors) probably does have the budget to run the team, but what will Mercedes want? Which drivers are they looking for seats for these days?

Juihi · PostPosted: Sat Jul 28, 2018 9:57 am

It's weird how the team went from being pretty darn strong last season to now being in Administration

Ian-S · PostPosted: Sat Jul 28, 2018 10:13 am

Juihi wrote:

It's weird how the team went from being pretty darn strong last season to now being in Administration

Even more weird how it seems to be another team and their own sponsor responsible, and not VJ.

Juihi · PostPosted: Sat Jul 28, 2018 10:27 am

Silly F1 politics going on I guess

RtN · PostPosted: Sat Jul 28, 2018 11:56 am

Joe's Award wrote an article this morning claiming that the £30 million that Rich Energy were offering to FIF1 came from the owners of West Ham. Which goes a long way to explaining why the judge was not convinced yesterday.

Two of the other bidding parties (aside from Messers Marzipan and Stroll) are US-based hedge funds.

Gaara · PostPosted: Sat Jul 28, 2018 11:59 am

BWT weren't Doorbos's sponsors were they? I don't see how you can get your logo on the car then claim it was a 'loan'.

Ian-S · PostPosted: Sat Jul 28, 2018 12:06 pm

You can't, there's always been something dodgy about BWT I just can't put my finger on it, they're a bit like Coke and their SmartWater that's really just tap water shit, it strange how all these new start up companies suddenly have millions of quid available to sink into formula one teams, us plebs are obviously doing something wrong.

Ian-S · PostPosted: Sat Jul 28, 2018 12:14 pm

Yeah I'll put a quid in and claim public relations manager hahaha!

Q: Why did your guy wreck the field?
A: Cos he's a fucking idiot?

NVirkkula · PostPosted: Sat Jul 28, 2018 12:18 pm

Scotty wrote:

If Ross Brawn can buy a team for 1 euro surely TBK can pool some cash and buy it for 5-6 Euro

Shotgun team manager

Geez, I don't know, 5-6 euros sounds much. Think about all the extra work it would cause to own an F1 team. Ain't nobody got time for that. Besides I don't want to outbit shady billionaires, could cause health issues.

RtN · PostPosted: Sat Jul 28, 2018 12:22 pm

I'll chip in a tenner for Strategy Group Representative.

A fair price for the opportunity to call Bratches a charlatan and Brawn a prostitute to their faces.

kals · PostPosted: Sat Jul 28, 2018 1:26 pm

Unless I'm reading the various articles about the Force India situation wrong, the reason that the Administrators were brought in was to get Vijay Mallya out of the way and allow the team to get sold. Seems like he was rejecting the offers that were coming his way because he wanted more money.

TBK-Light.com

2018 F1 Random Discussion Thread

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