Mr Brooksy wrote: ↑29 Jun 2023, 01:29
FW17 wrote: ↑28 Jun 2023, 08:20
I don't know why James Vowels is peddling this line that they are not able to spend Dorilton money. I do not believe there is a desire on PE fund to splurge on facilities when they have already received a paper valuation of 5x on their investment.
There are mechanisms with the ongoing new team tender where in the facilities needed could have infinitely improved under a guise of new team (maybe with the same set of ghost investors). The fictional new team could have then bought out the team from Dorilton for a nominal sum with all its new facilities.
James Vowels is either being misled or misleading the fans.
Let me understand you properly... What you're suggesting is that Dorilton Capital don't want to invest and Vowles is just blowing smoke? They've made the money on paper for the team they bought so now they should just sit back and be happy?
And that what they really should have done is, let Williams die? Started a new team and bought all the infrastructure needed before the CapEx restricted existing teams from upgrading facilities? Meaning that Audi should have never bought Sauber because they wouldn't be restricted by the CapEx, Renault should have done the same etc? Even though none of the teams who are short of infrastructure had no guarantee of obtaining a new entry if they folded and started anew?
Maybe I'm misinterpreting your statements... But that makes no sense.
What is so difficult to understand??
Investors of Dorilton start a new factory, preparing for fictional 2026 entry.
They spend the magical $1 billion that James Vowels ex boss suggested
Give up on the new entry, blame Christian Horner for it not happening
Buy Williams F1 and move all staff to the new factory