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22 Aug 2020, 18:24 (Ref:3997114) | #1676 | ||
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Ah. Really. And "Kate" is?
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Midgetman - known as Max Tyler to the world. MaxAttaq! |
22 Aug 2020, 19:37 (Ref:3997122) | #1677 | |
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The sister of someone who's married to an investment fund manager. Tsk, don't you know *anything*?
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Walk a mile in someone else's shoes. When they realise you have, you'll be a mile away and you'll have their shoes. |
23 Aug 2020, 05:28 (Ref:3997175) | #1678 | ||
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Vettel to Williams?
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS |
23 Aug 2020, 06:34 (Ref:3997179) | #1679 | |
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Showing how quickley things change - CW in mid-2019..
"I'd just like to be really categoric about it: Williams is not for sale, I have no intention of putting Williams up for sale. I don't see why we would." August 2020 - sold. Apparenty 112m euros was realised from the sale after debts and liabilities - meaning they had around 45m euros of debt. Quite a sobering stat in an article in the RACE - on Williams. Claire Williams rails at the suggestion, but the team has been in decline. The first 21 years of the team yielded 103 wins and a combined total of 16 constructors’ and drivers’ titles – the next 22 years, just 11 wins (one in the last 15 seasons) and no titles. Despite some mini-revivals, such as the one at the start of the 1.6-litre V6 turbo hybrid era, this is undeniable. |
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23 Aug 2020, 09:05 (Ref:3997184) | #1680 | ||
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23 Aug 2020, 11:13 (Ref:3997196) | #1681 | ||
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Who are BCE Limited? I did some googling and came across BCE Fund Managers (MERSEYSIDE) Limited.
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"If you're not winning you're not trying." Colin Chapman. |
23 Aug 2020, 11:18 (Ref:3997197) | #1682 | ||
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Some info in this video by Peter Windsor. https://www.youtube.com/watch?v=N74a3hO0heQ |
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23 Aug 2020, 11:36 (Ref:3997206) | #1683 | |||
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"If you're not winning you're not trying." Colin Chapman. |
23 Aug 2020, 11:39 (Ref:3997208) | #1684 | |||
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Go woke, Go broke… Here’s hoping a random universe works out in your favour… The meaning of life… ENJOYING THE PASSAGE OF TIME! #CANCERSUCKS |
23 Aug 2020, 11:50 (Ref:3997215) | #1685 | ||
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"Nature of Business ..... other engineering activities" Finacial engineering? My understanding was that BCE was New York based but cannot remember where I discovered that and that it was a subsidiary / associate of Dorilton. |
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24 Aug 2020, 04:59 (Ref:3997540) | #1687 | ||
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BCE....Bernard Charles Ecclestone....even a simple sheep farmer could work that one out..
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24 Aug 2020, 05:44 (Ref:3997544) | #1688 | |||
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It's not an awful lot of money in F1 terms is it? Less than half a season for the top teams. I wonder what the ongoing investment plans are? CW has been quoted as saying they have the budget for a year at least, so releasing funds from scheduled loan repayments must extend that. Interesting that the first thing they do is pay off the loan secured on Heritage. Sounds like the action of a real enthusiast. What about the factory and the farm? Have those loans been cleared? Sent from my SM-A520F using Tapatalk |
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Midgetman - known as Max Tyler to the world. MaxAttaq! |
24 Aug 2020, 07:21 (Ref:3997555) | #1689 | |
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The original press release said that the investment was made by a managed fund under Dorilton's portfolio called BCE Limited.
That's not a limited company - it's the name of an investment fund. The only nod to anyone is the initials, and there will be no public information about whose money is being managed as it's a private investment. Yes, maybe Bernie is involved, I wouldn't be surprised at all if he is, but knowing him it'll all be smoke & mirrors and he'll be chuckling into his cornflakes every morning as the world tries to work out whether he is involved or not. Gotta keep the brand in the public eye, even if you don't really have one! |
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Walk a mile in someone else's shoes. When they realise you have, you'll be a mile away and you'll have their shoes. |
24 Aug 2020, 09:10 (Ref:3997566) | #1690 | ||
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Just supposing it was Bernie, would he really want to get involved with an ailing F1 team, particularly at his age?
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"If you're not winning you're not trying." Colin Chapman. |
24 Aug 2020, 09:14 (Ref:3997569) | #1691 | |
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He probably would do anything to get out of nappy changing probably
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He who dares wins! He who hesitates is lost! |
24 Aug 2020, 10:43 (Ref:3997586) | #1692 | ||
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Richard |
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To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one." |
24 Aug 2020, 11:24 (Ref:3997598) | #1693 | |||
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"If you're not winning you're not trying." Colin Chapman. |
24 Aug 2020, 19:51 (Ref:3997726) | #1694 | ||
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Who knows,he might propose that the constructors unite to secure a better deal from the CRH..... I really hope he is involved as he has been much maligned and often unfairly,but he makes things happen and understands the whole business better than anybody. |
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24 Aug 2020, 21:36 (Ref:3997740) | #1695 | ||
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Well this comes as a surprise to me, if the money is from bernie good on him, he did very well out of F1 and he certainly knows how it works, so if he gives something back it is good and to be honest F1 is getting a bit boring over the last few seasons so if he shakes things up a bit them that will be a good thing.
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25 Aug 2020, 12:55 (Ref:3997847) | #1696 | ||
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Looking on Google earth I reckon 1000 houses would fit on the site easily.....
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25 Aug 2020, 13:22 (Ref:3997854) | #1697 | ||
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"If you're not winning you're not trying." Colin Chapman. |
25 Aug 2020, 18:27 (Ref:3997920) | #1698 | ||
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26 Aug 2020, 11:44 (Ref:3998051) | #1699 | |
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I am a bit puzzled by all this so maybe someone can answer a few questions...
Who would have paid out the loans? Was Williams engineering part of the deal? Was Williams F1 part of the public company? Perhaps the sale was a way of tidying up the family's financial affairs as Frank is getting on in years. It will be sad to see the day he passes as he was one of F1's real operators and managed to stay around long enough to see the rewards for his work. |
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26 Aug 2020, 13:40 (Ref:3998072) | #1700 | ||
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Williams F1 only had a small stake left in WAE which was included in the sale. Williams F1 is/was a public company The sale was because Williams had run out of cash - the borrowing from Latifi, etc was to fund this year and early part of 2021 - this is why CW wanted a sale concluded in a few weeks, not years. |
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