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17 Oct 2023, 20:54 (Ref:4181868) | #76 | ||
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The existing American F1 team has doubts about introducing an 11th team now.
Even if FOM is really keen to bring Andretti in, it'll need to manage its relationship with the existing teams and convince them - quite a tightrope to be walked. |
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18 Oct 2023, 01:20 (Ref:4181886) | #77 | ||
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If the anti-competitive thing comes to a head and goes off to court and the judge decides that declining Andretti is anti-competitive, and they can't race in the EU until its resolved....
That would either be the end of the opposition or a significant cut in the value of F1. It probably won't happen so we shouldn't hold our breath, but it is an attractive thought... |
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18 Oct 2023, 03:18 (Ref:4181891) | #78 | ||
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Richard |
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18 Oct 2023, 04:17 (Ref:4181892) | #79 | |||
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Yep - although I think that the point being made is that after a tough time with pandemic, teams are still recovering & another tough time for whatever reason could expose some of them. Same as any business really. |
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18 Oct 2023, 16:15 (Ref:4181943) | #80 | ||
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Now that could be the catalyst for really interesting changes.The FIA seem keen to have more cars and should there be a decision that refusing a new team is breaching competition laws,I would guess that leaves the FIA clear of blame.It might also mean that they could seek opinion on whether such a decision would void the contract with the commercial rights holder.In which case the rights might be available for acquisition by a new CRH.What was that about revised value? |
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18 Oct 2023, 17:53 (Ref:4181948) | #81 | |||
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I'm intrigued to see how the EU will act on this, considering their stance on competition and their anti-trust laws. |
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18 Oct 2023, 18:41 (Ref:4181954) | #82 | ||
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18 Oct 2023, 22:27 (Ref:4181968) | #83 | ||
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Some analysis from Jonathon Noble in Autosport. One interesting point to me is that less than half the existing circuits have room for an 11th team as they are currently built, so changes will need to be made with attendant costs. Must admit that I thought that was a red herring when both Wolff and Horner mentioned it but it could be a real thing. Does make me wonder how the FIA could approve an 11th team with so many circuits not currently having the space.
It feels like the 11th team / Andretti topic is something of a pawn in the overall "game" between FIA and FOM re who gets what revenue - even Ben Sulayem says that it is all about money. |
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18 Oct 2023, 22:30 (Ref:4181969) | #84 | |||
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18 Oct 2023, 23:13 (Ref:4181970) | #85 | |||
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So all the circuits should have space for all the entrants. A few years ago IndyCar ran at COTA with 27 starters, and they all had enough room and enough garages. So what's the problem? The FIA hasn't started giving license's to tracks that can't accommodate a WEC field so how do ten teams fill the space for 40 garages? Other series exist with much less space. Has F1 just become accustomed to spreading themselves out and taking up more space and now they are using that as a pretext for not having enough space? All the talk by the teams is just straw man rhetoric and only people who don't have a thought are taken in by it. |
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18 Oct 2023, 23:26 (Ref:4181972) | #86 | ||
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In the old days, if Mr E had wanted something like this, he would have privately pushed his teams into it, with a delicious, sweet tasting carrot.. or threatened them with expulsion.. same same..
Now we have to sit in public and wait for the other shoe to drop.. Or Andretti to see the follow of starting from zero and talking to Aston Martin and or Renault about juicing a startup with a takeover… |
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18 Oct 2023, 23:36 (Ref:4181973) | #87 | ||
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18 Oct 2023, 23:49 (Ref:4181975) | #88 | |||
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Yep - it's a large travelling circus, no doubt about that. |
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19 Oct 2023, 00:51 (Ref:4181980) | #89 | ||
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19 Oct 2023, 02:06 (Ref:4181981) | #90 | |||
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For sure the teams could free up space but it'll not be the work of a moment and will need some cooperation. |
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19 Oct 2023, 08:25 (Ref:4181988) | #91 | |
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The do pretty much need the space. Cars are massive. Gearbox sub-assembly, and batteries/regen take up most of a garage by themselves.
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19 Oct 2023, 08:38 (Ref:4181989) | #92 | |||
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I believe that the EU Commission would have concerns if F1 races within EU boundaries. Like anything that those outside the EU wish to "import" into the EU area needs to meet EU standards and regulations, no matter whether it be foodstuffs or racing. |
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19 Oct 2023, 08:43 (Ref:4181990) | #93 | |||
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For instance, if 3 or more teams are currently using 4 boxes, then making them use 3 boxes only would free up space for another team. EDIT - just checked the 2023 Monza GP, which gives the following garage allocations (of the 60 garages available): Williams 4.5 Alpha Tauri 5.5 Haas 4.5 Aston Martin 4.5 Alfa Romeo 5.5 McLaren 4.5 Alpine 5.5 Mercedes 4.5 Ferrari 5 (the only team not sharing with another user ) Red Bull 4.5 The limiting factor seems to be pit box positions (in relation to the garages). If you placed the first pit box earlier in the lane, and gave all teams 4.5 garages only, then there is more than enough room for an 11th team. Last edited by crmalcolm; 19 Oct 2023 at 08:53. |
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19 Oct 2023, 09:06 (Ref:4181991) | #94 | ||
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Last edited by peebee2; 19 Oct 2023 at 09:12. |
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23 Oct 2023, 10:59 (Ref:4182598) | #95 | |||
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23 Oct 2023, 21:54 (Ref:4182696) | #96 | ||
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The tyre eating may well be a thing of the past as the team gets the cars tuned - only 1 hour of practice time at Austin of course, Aston struggled with new bits & of course MB & Ferrari got it wrong too.
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25 Oct 2023, 15:23 (Ref:4182972) | #97 | |
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Interesting article that delves into the financial impact of an 11th team...
https://www.motorsport.com/f1/news/w...grid/10537382/ My quick read is that from a profit sharing perspective the $200M anti-dilution fee should not be a problem. It doesn't go into the topic of sponsorship competition. What I mean by that is that lets assume the number of potential F1 sponsors if fixed any any new team will reduce sponsorship income available to other teams. Not that I believe that is a real issue. But overall, I would argue that impact to revenue is a non-issue. The larger issue is that the teams are concerned about reduction in "team valuation". So the article calls out that teams are roughly worth $1B. So using super simple view of this (all teams being equal, etc.), all teams together are worth $10B. And that the teams are saying no matter how many teams might exist, all teams together can't go beyond that $10B value. So the size of the pie is fixed. So when the 11th team shows up, the per team value drops to $909M with each team loosing $91M (9.1%) in value immediately. I hope my math is right I know that company valuation primarily matters as it is used to define a sale price. I know it can drive other things as well. I don't buy into the idea that the pie can't grow. I think really is that teams know the pie can grow and shrink, but regardless of the direction, they want a 1/10th slice and not a 1/11th slice. And slice is of the overall market share. They don't want to see their market share drop. There may be no conditions in which they welcome an 11th team. It seems as simple as that to me. Richard |
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25 Oct 2023, 17:26 (Ref:4182978) | #98 | ||
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And they want the world to believe that F1 is a sport.
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2 Nov 2023, 22:15 (Ref:4184103) | #99 | ||
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Michael Andretti says that F1 teams think his crew are a bunch of hillbillies. He's probably right to an extent anyway, the existing teams may well have that view and that leads to doubts about what an Andretti team would add to the sport.
I would also expect that Michael's own poor record as an F1 driver would colour the view of some existing team people but hopefully everyone gets past all that and Andretti gets a guernsey - can't imagine that the team will do anything special to begin with but that's all part of the journey. |
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3 Nov 2023, 01:28 (Ref:4184119) | #100 | ||
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