I mean they can show up to the Virtual GP's with their flashy new livery.
On what are you basing that?
5% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.Tattoo- wrote: ↑05 Jun 2020, 10:32Maybe there is light at the end of the tunnel...
https://twitter.com/PeterDWindsor/statu ... 5467801600
Mclaren F1 division broke even this year, while automotive suffered loss. But Mclaren still has F1 team, automotive department and applied technology departement, while Williams has sold everything, and F1 programme stands by its own and has acumulated even more debt this year and they lost its title sponsorship.
Yes and no. Two very different companies with different challenges and possible outcomes.proteus wrote: ↑07 Jun 2020, 23:06Mclaren F1 division broke even this year, while automotive suffered loss. But Mclaren still has F1 team, automotive department and applied technology departement, while Williams has sold everything, and F1 programme stands by its own and has acumulated even more debt this year and they lost its title sponsorship.
Both companies have their bitter share of their problems, but Mclaren is like a Titanic 1 mile infront of an iceberg, while Williams is allready 30 minutes after collision with it. Massive difference.
It's a good start. It puts significant money into the team via equity instead of debt that needs repayment. This could ensure they have enough money to finish the season, for example.proteus wrote: ↑07 Jun 2020, 23:025% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.Tattoo- wrote: ↑05 Jun 2020, 10:32Maybe there is light at the end of the tunnel...
https://twitter.com/PeterDWindsor/statu ... 5467801600
This is nothing spectacular, or to be cheerfull about.
5% sure are peanuts, but tell me one good reason, why would he want to invest in a rivalry team if it wasn't something behind?!proteus wrote: ↑07 Jun 2020, 23:025% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.Tattoo- wrote: ↑05 Jun 2020, 10:32Maybe there is light at the end of the tunnel...
https://twitter.com/PeterDWindsor/statu ... 5467801600
This is nothing spectacular, or to be cheerfull about.
...I doubt Toto is investing in Williams; I assume he is investing into what Williams becomes...they are a Merc powerplant team. Toto also invested in Aston...which has ties to RP...which is also a Merc powered team. I further assume such investments are designed to allow for their continued domination in the sport. Watching the Merc Machine out position/out play/out smart/out fox Ferrari over the last decade is somewhat akin to watching Mike Tyson box PeeWee Herman...not exactly pretty, but fairly entertaining in a tragic comedy sort of way.Tattoo- wrote: ↑08 Jun 2020, 16:235% sure are peanuts, but tell me one good reason, why would he want to invest in a rivalry team if it wasn't something behind?!proteus wrote: ↑07 Jun 2020, 23:025% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.Tattoo- wrote: ↑05 Jun 2020, 10:32Maybe there is light at the end of the tunnel...
https://twitter.com/PeterDWindsor/statu ... 5467801600
This is nothing spectacular, or to be cheerfull about.
Would CEO of Mercedes invest in BMW or Audi (even if the investment would be too good to miss)?! I don't think so...
They are far from being rivals, and more a moving chicane at the moment for Mercedes. He invested his money, because it is good to do so. If they become more competitive - he benefits, if the team is sold - he benefits. It is a win win for him either way. He got that 5% stake for small money (in relevance to his buying power).Tattoo- wrote: ↑08 Jun 2020, 16:235% sure are peanuts, but tell me one good reason, why would he want to invest in a rivalry team if it wasn't something behind?!proteus wrote: ↑07 Jun 2020, 23:025% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.Tattoo- wrote: ↑05 Jun 2020, 10:32Maybe there is light at the end of the tunnel...
https://twitter.com/PeterDWindsor/statu ... 5467801600
This is nothing spectacular, or to be cheerfull about.
Would CEO of Mercedes invest in BMW or Audi (even if the investment would be too good to miss)?! I don't think so...
I assume even 5% would give him voting rights in approve/veto who it gets sold to?proteus wrote: ↑08 Jun 2020, 19:52They are far from being rivals, and more a moving chicane at the moment for Mercedes. He invested his money, because it is good to do so. If they become more competitive - he benefits, if the team is sold - he benefits. It is a win win for him either way. He got that 5% stake for small money (in relevance to his buying power).Tattoo- wrote: ↑08 Jun 2020, 16:235% sure are peanuts, but tell me one good reason, why would he want to invest in a rivalry team if it wasn't something behind?!proteus wrote: ↑07 Jun 2020, 23:02
5% is practically nothing. The team has hit its new low, and investment like this is only a good business. If they completely collapse, he wont be affected much, since he has more than enough money in his pockets, if the team rises back to being competitive, its value will rise as well and he will get a pretty penny with selling his shares again.
This is nothing spectacular, or to be cheerfull about.
Would CEO of Mercedes invest in BMW or Audi (even if the investment would be too good to miss)?! I don't think so...
Voting rights yes, veto no.Big Tea wrote: ↑08 Jun 2020, 20:39I assume even 5% would give him voting rights in approve/veto who it gets sold to?proteus wrote: ↑08 Jun 2020, 19:52They are far from being rivals, and more a moving chicane at the moment for Mercedes. He invested his money, because it is good to do so. If they become more competitive - he benefits, if the team is sold - he benefits. It is a win win for him either way. He got that 5% stake for small money (in relevance to his buying power).
I did not mean a personal Veto, but as part of the shareholders. Not a huge amount, but it only takes one vote if its close.Jolle wrote: ↑08 Jun 2020, 20:50Voting rights yes, veto no.Big Tea wrote: ↑08 Jun 2020, 20:39I assume even 5% would give him voting rights in approve/veto who it gets sold to?proteus wrote: ↑08 Jun 2020, 19:52
They are far from being rivals, and more a moving chicane at the moment for Mercedes. He invested his money, because it is good to do so. If they become more competitive - he benefits, if the team is sold - he benefits. It is a win win for him either way. He got that 5% stake for small money (in relevance to his buying power).
But if for instance the Williams family decides to sell their shares, Wolff has no saying in if they can or not. There can be of course be a contract that if they sell, they first have to give him a chance to buy them (quite common)
as far as I know, voting is not per "head" but per share. So you need 50,1 % of the shares as a yes or no. Wolff only has 5%, so just enough to have a vote, but not much influence.Big Tea wrote: ↑08 Jun 2020, 22:08I did not mean a personal Veto, but as part of the shareholders. Not a huge amount, but it only takes one vote if its close.
But, as I said. if it is 50/50, his vote could be the decider. Better than having no votes. The Williams family have most, and If I am right about thinking Williams is floated, there can be any mumber of 'owners' from other teams, or even Mercedes shareholders in their 'other hat'. other holders would probably look to him as a guide too as his reputation is knownJolle wrote: ↑08 Jun 2020, 22:14as far as I know, voting is not per "head" but per share. So you need 50,1 % of the shares as a yes or no. Wolff only has 5%, so just enough to have a vote, but not much influence.