Brawn GP Archives - TheJudge13

Lewis rude helmet, Perez under pressure, TR quick to blame drivers, F1 team bosses ‘bubble’ world,

May 6, 2015 at 8:48 pmNovember 17, 2012 at 5:31 pm by The Judge

The deep south: London Times reporter tweeted the following, “Blimey. We hear gunshots and ask William our cabbie what they are aimed at. “People, man, people” he says and speeds up”.

Hotels: Still puzzling me, Austin tourist info tells us there are 30,000 hotel rooms city wide. At 2 per room that’s only 60,000 people and yet when I checked, there were many vacancies tonight.

Fans: COTA says there were 83,000 fans there today, which makes a total of around 148,000 so far – Silverstone levels.

Ferrari qualify as in Abu Dhabi: 7th and 9th again, except this time with Massa in front. Alonso is magnanimous and says his team mate did a better job than him. Bleak picture for Ferrari after Q3 (pic)

Resource Restriction ‘Agreement’ – You’ve got to be joking

October 25, 2012 at 12:28 am by The Judge

Try and find the RRA?

What is the Resource Restriction Agreement (RRA)? Try Googling it, try searching the mainstream F1 media sites, try Wikipedia, try even asking senior team F1 personnel. There’s plenty of articles to be found where F1 people are for it, against it and mostly there is an agreement that costs should be controlled. Yet there is nothing out there that defines the scope of the RRA.

Formula 1 has in the past been most profligate in the area of spending. Rumours have it that Ferrari in their dominant era were spending $100m a year on tyres that were bullet proof. Honda allegedly spent $1bn during 2008 on the present car and the design of the 2009 car. Ironically following Honda’s last minute withdrawal from the sport at the end of 2008, the car they had designed for 2009 won both WDC and WCC titles under the badge of Brawn GP.

At the other end of the spectrum teams have regularly run out of money and ceased to exist and even more that sell out and change their names due to funding problems. In the last 10 years alone, these teams have gone from the Sport: Jordan, BAR, Renault, Jaguar, Arrows, Minardi, Toyota, Honda, BMW-Sauber, Midland, Super Aguri, Spyker, Brawn and Virgin. So the casualty rate is high, and its mostly to do with a lack of funding.

Force India: How the tower of cards could collapse

April 16, 2015 at 6:36 amOctober 14, 2012 at 10:48 pm by The Judge

Over the past few days I’ve been asked many times and seen people enquiring on various F1 websites as to how much is an F1 team worth. Of course the answer is simple, different teams are worth vastly different amounts. An F1 team is a business venture – registered with a legal identity independent of any rich owner and subject to the business regulations from the statutory authority where they are registered.

Valuing a business

The way business ventures are valued is highly complex and sector/performance specific. There was old 3 times profit rule that was a fundamental when I studied Finance many years ago. Yet even this most simplistic valuation methodology is fraught with danger when you dig deeper. Is that profit before or after asset depreciation, asset goodwill, taxation, one off accounting entries of substance – I could go on..and on..and on…

I guess my favourite methodology which can be proved beyond doubt and its an old adage, which says “The value of something is best measured by how much someone is actually prepared to.”