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PostPosted: Thu Aug 02, 2018 8:14 pm 
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mclaren2008 wrote:
How does Mallaya not have an Interpol notice yet.


He's actually stuck in the UK at the moment - he was bailed by the High Court last year but is fighting an extradition order to India, where he is charged with defrauding 13 Indian banks to the tune of around 1,100,000,000 €. That's 1.1 billion. No surprise Perez et al decided to stop waiting.


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PostPosted: Thu Aug 02, 2018 8:14 pm 
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Subject: 2018 F1 Random Discussion Thread

webbsy wrote:
As a business owner who has had one of our customers go into Administration while still owing us $50K, In a similar situation where potential buyers were turned away, I can say this. Fuck Vijay Mallya. If he has known that the business was going under, yet still racking up debts and delaying paying them and turning down credible buyers because the price wasn't right for him to make out like a bandit, then he deserves everything that gets thrown at him.

There are two types of creditors. Secured creditors and unsecured creditors. Secured creditors are registered with the relevant financial bodies and customer company, ensuring that if a company goes into Administration they get paid first above all else (think banks, in this case Mercedes etc) above all employees etc.

Unsecured creditors (think all of the lower companies such as merchandizing, catering etc) are ones that have not registered, and are purely suppliers (this was us). They are the last in line after the secured creditors and employees and should get put in order of who should get more of the scraps, and if there is no money left after the secured creditors get paid, get jack shit. We got jack shit.

I do not feel any sympathy for Mallay, and throwing in that he is a dodgy as fuck defrauder that will be extradited back to his own country to face similar situation???? Double fuck him.

If he had any lawyer worth his own salt then his holding company would have been listed as a secured creditor, and this is probably why BWT is listed as a creditor because they probably did the same.

After our fiasco we actually now only take on customers that have bank guarentees that if the same happens again, the bank pays us in full. Makes a world of difference.


British law is different, a secured creditor is either someone who holds security over an asset (so say a bank who loans money and the company secure that loan against their premises) or the Crown (HMRC). Everybody else is an unsecured creditor including Mercedes and BWT. It is the same as personal debt, your mortgage company is secured (because your mortgage is secured on the property), but your credit card debt is unsecured. Administration priority goes Crown > Secured > Unsecured.


Last edited by Ian-S on Thu Aug 02, 2018 8:17 pm, edited 1 time in total.

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PostPosted: Thu Aug 02, 2018 8:16 pm 
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micha wrote:
Rumor has it that Nikki Lauda had a lung transplant
https://wien.orf.at/news/stories/2928056/


Seems official; the hospital that performed the procedure issued a statement about it. Knowing Niki's warped humour about his health, he probably tried to get a new ear into the bargain.


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PostPosted: Thu Aug 02, 2018 9:17 pm 
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gkmotorsport wrote:
mclaren2008 wrote:
How does Mallaya not have an Interpol notice yet.


He's actually stuck in the UK at the moment - he was bailed by the High Court last year but is fighting an extradition order to India, where he is charged with defrauding 13 Indian banks to the tune of around 1,100,000,000 €. That's 1.1 billion. No surprise Perez et al decided to stop waiting.


Maybe he should do an Assange and walk into some random embassy and claim political asylum :lol:

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PostPosted: Thu Aug 02, 2018 11:19 pm 
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gkmotorsport wrote:
mclaren2008 wrote:
How does Mallaya not have an Interpol notice yet.


He's actually stuck in the UK at the moment - he was bailed by the High Court last year but is fighting an extradition order to India, where he is charged with defrauding 13 Indian banks to the tune of around 1,100,000,000 €. That's 1.1 billion. No surprise Perez et al decided to stop waiting.


I have the impression Perez didn't seem to mind that much the fact the team owes him some million pounds. The fact the team was under threat of being forcedly closed because of the lawsuit of a supplier, and him losing his seat before the end of the season was much more a factor.


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PostPosted: Fri Aug 03, 2018 5:33 am 
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gkmotorsport wrote:
micha wrote:
Rumor has it that Nikki Lauda had a lung transplant
https://wien.orf.at/news/stories/2928056/


Seems official; the hospital that performed the procedure issued a statement about it. Knowing Niki's warped humour about his health, he probably tried to get a new ear into the bargain.

I looked up a couple of other stories about this and found out something I never knew before. Even though Lauda is 69, he has 8 yr old twins. I don't really have a certain opinion on it, it's just you don't hear that happening very often lol


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PostPosted: Fri Aug 03, 2018 7:37 am 
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8 year old twin? how??

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PostPosted: Fri Aug 03, 2018 8:30 am 
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Juihi wrote:
8 year old twin? how??



well you know.... If a mommy and a daddy really love eachother.......


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PostPosted: Fri Aug 03, 2018 8:49 am 
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I'd have thought his parents would be far too old to conceive a new child..... Niki would have been 61 when they were born and even if his mother had Niki at 16 that would still put her at 77 for this twin, unless it was his father that got together with a much younger women, then it's not really a twin but a half-brother/sister

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PostPosted: Fri Aug 03, 2018 11:15 am 
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Juihi wrote:
I'd have thought his parents would be far too old to conceive a new child..... Niki would have been 61 when they were born and even if his mother had Niki at 16 that would still put her at 77 for this twin, unless it was his father that got together with a much younger women, then it's not really a twin but a half-brother/sister


Niki has 8-year-old twin children, not siblings ;)

His wife is 30 years younger than him, which certainly would help on the fertility side.


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PostPosted: Fri Aug 03, 2018 11:31 am 
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Riccardo to Renault apparently.......... did NOT see that one coming

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PostPosted: Fri Aug 03, 2018 11:31 am 
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gkmotorsport wrote:
Juihi wrote:
I'd have thought his parents would be far too old to conceive a new child..... Niki would have been 61 when they were born and even if his mother had Niki at 16 that would still put her at 77 for this twin, unless it was his father that got together with a much younger women, then it's not really a twin but a half-brother/sister


Niki has 8-year-old twin children, not siblings ;)

His wife is 30 years younger than him, which certainly would help on the fertility side.


That makes more sense, when I read he has a twin I was assuming as in a twin sibling :lol:

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PostPosted: Fri Aug 03, 2018 11:33 am 
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He must really enjoy that feeling of the overpriced firework in the engine bay going bang on a regular basis.

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PostPosted: Fri Aug 03, 2018 11:39 am 
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Ricciardo on a move to Renault

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

https://t.co/uPkVdtU9Qq

Edit :

it's official now

https://redbullracing.redbull.com/artic ... leave-team


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PostPosted: Fri Aug 03, 2018 12:10 pm 
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I understand and dont understand it at the same time.

RBR seems to be building around Verstappen so he will be 2nd fiddle if he stays so I can understand it.
Yet I dont see Renault making the step forward to actually fight for the title so I dont understand it.


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PostPosted: Fri Aug 03, 2018 12:17 pm 
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Renault just needs a driver that can lead, build the team around them so they can make those steps forward. That could be Ricciardo.


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PostPosted: Fri Aug 03, 2018 12:27 pm 
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Mercedes taking the piss..... or 3-car team next season?




but yeah, just taking the piss


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PostPosted: Fri Aug 03, 2018 12:37 pm 
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Gaara wrote:
Renault just needs a driver that can lead, build the team around them so they can make those steps forward. That could be Ricciardo.


He'll be making a lot of steps forward.



Towards the garage after the engine expires again.


It seems clear what has happened. He made a decision after Max's new contract to leave Red Bull. He tried to join Ferrari and was told no. This left him with only two teams capable of paying him the salary he was worth, and he picked the better prospect of the two.

But if there is no significant change in the engine regulations for 2021 then his chances of winning a championship have shrunk to just about zero. Renault are not capable of getting onto the level of Mercedes and Ferrari, with the changes in aero that have been proposed and implemented, the series is now right back to 2014 in terms of how important the engine is compared to aero.

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Last edited by RtN on Fri Aug 03, 2018 12:40 pm, edited 1 time in total.

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PostPosted: Fri Aug 03, 2018 12:40 pm 
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But has Ferrari told him no?

Besides that I think the choice was become clear #2 with questionable engine or become clear #1 with questionable engine.


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PostPosted: Fri Aug 03, 2018 12:42 pm 
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micha wrote:
But has Ferrari told him no?


It has been stated in such in a few of the articles written today. I am not entirely convinced that the reason given (Seb vetoed him) is accurate but I do believe he was shopping around.

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