Caterham (formerly Lotus)

Discussion in 'Teams' started by FB, Jul 27, 2011.

  1. Titch

    Titch Smile Premium Contributor

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    Will Kamui get paid? Will the 40 heading to Abu Dhabi get paid. Will the car/s make it past FP1. Or are a very large crowd about to discover that funding a broken team leads to empty pockets.

    Fernandez is a disgrace, F1 should be ashamed to have people like him in the sport.
     
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  3. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    I think any new teams coming into the sport should go through a detailed investigation as to how they intend to fund their team. A key part of that should be investigating the owners previous business dealings to ensure they are reputable.

    If any arsehole can enter F1 it risks degrading it further.
     
  4. KekeTheKing

    KekeTheKing Banned Supporter

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    Funds are not a problem. Tony and the boys have just elected not to use them.
     
  5. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    Like I say 'previous business dealings' should be taken into account. This isn't the first time I would wager, that he has ****ed someone over.
     
  6. canis

    canis Race Winner Valued Member

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    Why is everyone blaming Fernandes? He sold the team in July and it is no longer his issue. I agree that he was never going to get the success that he was after, but to blame the current situation on him when he has not been in control for a number of months is not really fair...
     
  7. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    Tony F. is worth £650 million according to Wiki.

    230 staff on average wage of say 35K not paid for 7 weeks. = £155K to pay them what they are due. Out of £650 million.

    But no, he has walked away.
     
  8. F1Yorkshire

    F1Yorkshire Avatar for sale to the highest bidder Contributor

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    He sold the business. If the new owners decide to not pay the staff then that's not his issue. I'm not saying he's done the right thing by cutting his losses and getting out but the responsibility lies with the new owners and not him.
     
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  9. gethinceri

    gethinceri Daniil Kvyat Fan. Contributor

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    Oh come on! he's got loads of money and others haven't so he should give it to them? He owes them nothing unless he's contractually obliged.
     
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  10. Jen

    Jen Here be dragons. Contributor

    If TF sold the business in July and the staff are owed 'only' seven weeks salary, then it is really not his fault is it?
     
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  11. KekeTheKing

    KekeTheKing Banned Supporter

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    Bit of a he-said/she-said really. But one crucial fact stands out, Mr Fernandes never turned over the controlling shares of the company/companies.

    From Joe Saward at the end of October; https://joesaward.wordpress.com/2014/10/20/explaining-the-mess-at-caterham/

    In essence there was never really an ownership change. The mystery Middle Eastern/Swiss consortium Engavest was never actually in control of anything, which is why the ex-Caterham employees place the blame squarely at Tony's feet.

    Nobody really knows the exact details of the deal that was supposedly struck, but it's clear that Fernandes' only goal was to wash his hands of Formula One as cheaply as possible, no matter how much he owed to his creditors and employees. This whole imbroglio is of Tony's making alone.
     
  12. gethinceri

    gethinceri Daniil Kvyat Fan. Contributor

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    "Imbroglio", such a lovely word.
    But by your own comments, we don't know and knowing F1 we probably never will.
     
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  13. KekeTheKing

    KekeTheKing Banned Supporter

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    We know he never actually relinquished control of the team. We just don't know why. Engavest claims they fulfilled their obligations for the handover, Tony/1MRT says they did not. Hence the Administration.

    And thanks for the "imbroglio" kudos! I had fiasco written but that one has been overused lately. :)
     
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  14. gethinceri

    gethinceri Daniil Kvyat Fan. Contributor

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    Fiasco wouldn't do it justice KekeTheKing.
     
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  15. cider_and_toast

    cider_and_toast Exulted Lord High Moderator of the Apex Staff Member Premium Contributor

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    So, for however bad they have been this year, you have to give the team their dues, they managed in the face of almost impossible odds to get out to Gulf and give it a go. They confounded expectations by not retiring both cars on lap one just to claim the start money and managed to get one car to the end of the race.

    The one thing they could have done and to be fair I'm somewhat surprised they didn't was the old Toleman trick that they did at the British GP in 83 whereby they half filled the car with fuel so that it was, for a while at least, quicker than almost the whole field.

    When all is said and done, Will Stevens (and still no one knows who he is) made a reasonable fist of his first F1 race. He didn't finish outside of the 107 percent rule in any session (though only by a tiny fraction in FP1) and got to within less than a second of his more experienced team mate come race day.

    Will the exposure gained from this weekend be enough to attract a backer ?: who knows but as I said, fair play to them for trying. It's just a crying shame Marussia were unable to achieve the same thing.
     
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  16. RasputinLives

    RasputinLives Happy to be me again Contributor

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    The administrator in charge of Caterham (who really has no reason to BS us) states that the team is set to be bought out and saved in the next month by 'someone with links to F1'

    http://www.planetf1.com/driver/3213/9586683/O-Connell-talking-to-potential-buyer

    Any speculation on who? Eddie Jordan? Gerhard Berger? Ross Brawn? Sam Michael? Jenson Button?
     
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  17. teabagyokel

    teabagyokel #dejavu Valued Member

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    Fernando Alonso?
     
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  18. RasputinLives

    RasputinLives Happy to be me again Contributor

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    Maybe Button and JEV have put their money together to form a team called Why On Earth Aren't We In Better Seats F1?
     
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  19. sobriety

    sobriety Pole Sitter

    http://www.bbc.co.uk/sport/0/formula1/30272621

    Caterham can run their current car in 2015. Apparently this is to make it easier to find a buyer, I suppose it could be a good way of getting your mobile hoarding board on TV multiple times a race as you're lapped....
     
  20. FB

    FB Not my cup of cake Valued Member

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  21. cider_and_toast

    cider_and_toast Exulted Lord High Moderator of the Apex Staff Member Premium Contributor

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    Merry Christmas :D
     
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