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Practical problems for Phoenix Finance
FORGETTING the legal and political issues involved in the takeover of Prost Grand Prix assets, the Phoenix Finance Ltd. F1 team is going to have a series of virtually insurmountable problems in the weeks ahead if it is to stay alive.
Getting the equipment together is also going to be interesting as well. For a start the Arrows Engine company ceased trading on May 5, 2000 and around $4.8m was written off. The company then said it was negotiating to sell its assets to clear outstanding liabilities. It is therefore not clear who is now the owner of the engines or whether they will now be purchased by Phoenix. Sticking these old V10s into the old Prost chassis in the course of a few weeks will not be easy but that is nothing compared to the problem of designing and building a gearbox and rear suspension in the time available. The new team cannot use Arrows parts unless the other teams all agree and the Prost gearbox was designed for the Ferrari V10 engine and so would have to be botched to mate with the Arrows V10.
There is also a question of tires.
"We have programmed our production for the year and we have no capacity to add an extra team at this late stage," said Michelin's Andy Pope.
"We do not have the engineers or the production facilities to support another team," said Bridgestone's Taka Horio.
Thus in order to run the new team will have to find a new tire supplier.
Phoenix must appear in Malaysia because otherwise it will miss two consecutive races and the entry will be null and void.
It is not yet clear who will be the lucky man to have unscramble all these problems but it is perhaps significant that veteran TWR team manager Andy Morrison, should unexpectedly turn up in Melbourne.
bron: inside-f1
Geen banden, dure motoren, Prost gemaakt voor Ferrari motoren, slechte coureurs, weinig sponsors...
Maak daar maar eens een team van...
khad da gisteren al voorspelt in een aantal threads he. Hetgeen TWR nu probeert is gedoemd om te mislukken.
airco
hm, deze gasten gaan zeer veel winst maken!!!!!!!!!!!!!!!!!!!!!!!!!
Ze kopen de rechten van Prost voor 2.5 miljoen euro, ze kopen dus ook de rechten van de Concord Agreement. M.a.w ook de opbrengst van de tv-rechten en de reisgelden.
Waarde van beide ongeveer totaal 12 miljoen dollar, ik hoef de rekensom verder niet af te maken denk ik zo.................
mja winst maken is idd verkeerd uitgedrukt.
alhoewel. Ze zullen in Maleisië wel MOETEN meerijden anders hebben ze 2 achtereenvolgende GP's waar ze niet aan meegedaan hebben en wordt hun deelname aan dit seizoen ongeldig. Geen TV-kosten, geen reisvergoedingen, niks. Alles gaat naar hetvolgende team in de rangischikking dan ==> Minardi
airco
lees dit eens
Skoda to join grid
Harold Miltner
Sunday March 3, 2002
The Observer
Volkswagen are set to spring the biggest surprise of this still young Formula One season by announcing their appearance on the grid. The German car giants are believed to be behind the controversial purchase of the remnants of the bankrupt Prost team, with backing from Arrows boss Tom Walkinshaw and even F1 controller Bernie Ecclestone himself, and VW, under the guise of their racing arm Skoda, could be racing as early as the Malaysian Grand Prix in a fortnight.
The sale of Prost's assets for a knockdown £1.5 million to British businessman Charles Nickelson caused anger among the other F1 teams, especially Minardi chief Paul Stoddart, who had to pay £21.4m for his outfit. Confirmation that VW are the power behind Nickelson's consortium would cause further outrage as it would deliver the German company their long-cherished ambition to join F1, at a bargain-basement price, and also give the new team a whole season of on-the-job testing for a concerted championship effort in 2003.
Ecclestone, a close personal friend of Volkswagen's future motor sport head, Bernd Pischetsrieder, is believed to have acted as the go-between in the deal. He has long been under pressure from the big car companies, who wanted to start their own championship, and VW's arrival in F1 would unite them under his reign.
Reports in Germany ahead of this morning's season-opening Australian Grand Prix said VW planned to put Walkinshaw's old Arrows engines into the 2001 Prost chassis in order to race in Malaysia, or possibly the Brazilian GP on 31 March. Although this bolt-together concern, which will be near Walkinshaw's Arrows base in Leafield, Oxfordshire, would have little chance, the new owner would avoid the £100,000 fine for not taking part in a race despite having a licence, and allow Volkswagen to test in an actual race. They would therefore steal a march on, for example, the new Toyota team, who have ploughed millions into developing their own new chassis and engine.
The new team's drivers are set to be Czech Thomas Enge, who raced for Prost in 2001, and Argentine Gaston Mazzacane, the former Minardi driver.
Pischetsrieder, who was a key figure in BMW's return to F1 before having to quit the Bavarian company over its disastrous purchase of Rover, has always sought a return to top-grade motor sport.
'Everybody knows that I have always been an F1 fan and I would love to own a team there one day,' he said. Pointedly, Volkswagen have also refused to discount the report of their purchase of Prost after denials of their imminent F1 entry in the past.
The prospect of a Skoda-branded car lining up on the F1 grid may raise some eyebrows , but since VW bought the Skoda Automotive Works in the Czech Republic in 1995, it has turned the company, founded in 1905, into a cash cow and a successful motorsport outfit.
The plant has been upgraded with new equipment and financial and organisational discipline have been instilled, and Skoda boast arguably the world's most modern car assembly plant with a staff of 900 engineers. Skoda have already produced rally-winning cars.
Pischetsrieder said recently: 'Even if we decided to do it today, we would lack a team.' For this reason, VW's initial idea was to supply a team with engines first, following the lines of their German rivals Mercedes and BMW, but the purchase of Prost will lead them straight to the grid in their own right.
http://www.observer.co.uk/sport/story/0,6903,661186,00.html
Tja, was al te verwachten dat er zoiets achterzat. Dat die Charles Nickerson een tussenpersoon was had iedereen wel door. Dat het de VW-groep zou zijn had ik zo nog niet bekeken. Achteraf vrij logisch gezien de baas van VW een enorme F1-fan is. Als ze heel het verhaal als een test-sessie zien dit seizoen, tja dan zal het wel lukken. Er is echter nog a far way to go zene.
airco
Bart.Vandecavey
03-03-2002, 22:31
VW stond al aan de poort van de F1 te drummen en als ze nu zo'n goedkoop plaatsje konden kopen waarom niet hé...
Het schijnt dat ze al een F1 motor hebben die draait, zelfde weg als BMW misschien...
het is wel de observer....................
Mocht het waar zijn, dan is Toyota natuurlijk pissed off. Maar ja, het schijnt toch te kloppen dat ze dus de rechten hebben verworven van de tv-opbrengst.
Makkelijk geld verdienen..................
Want daar staat aangekondigd dat Skoda wel eens al dit jaar zou kunnen meerijden.
Volkswagen zit naar verluidt achter die Prost-saga en onder de naam Skoda gaan meedoen.
Bovendien heeft MS gezegd dat McLaren en Williams het Ferrari in de toekomst moeilijk gaan maken. Ik weet niet wat er van aan is, maar persoonlijk vind ik het enthousiasme van oa airco over de nieuwe Ferrari toch ietwat voorbarig en het feit dat MS ook al toegeeft dat ze nog moeilijke tijden tegemoet kunnen gaan, bevestigt dit misschien.
Nu ja, ben ook even verder gaan kijken dan m'n neus lang is. Sluit deze maar (of toch het Skoda-gedeelte wordt al elders besproken).
euhm, ja, ik heb ff uwen thread gemengd met die van '1001 Problemen voor Phoenix F1' maar den titel is nu 'Leest er hier dan niemand De Morgen of BBC on line ?'
Foutje :)
aircooooooooooooooooooooooo :D :D
oeie, ze verprutsen het were, dus here's the "tech dude". ff geduld, zou zo opgelost moeten zijn.
airco
Jamaja, wie volgt er hier informatica op KdG ? Ik nie zunne, ik zou zo'n richting nooit doen ik :D
back on topic:
The Observer was blijkbaar niet echt zo betrouwbaar, want vandaag komt de VW-groep bij monde van woorvoerder Kurt Rippholz met de volgende formele verklaring
“We have already said it, but let us repeat it: Volkswagen does not intend to enter into Formula One.”
vrij duidelijk me denkt. Ome Tom Walkinshaw zal wel goe aant speculeren zijn, en hopen dat er binnen afzienbare tijd een autoconstructeur bijt op de 12e en laatste plaats in de F1. Zonder grote groep is Phoenix F1 gedoemd om te mislukken..
airco
Werner333
05-03-2002, 16:36
En het gaat niet door. Bernie begint zich ermee te moeien.
The new Formula 1 team formed by a consortium headed by Charles Nickerson and backed by TWR boss Tom Walkinshaw, provisionally named Phoenix, has been told it has no right to enter any GPs this season by F1 supremo Bernie Ecclestone.
"He has bought nothing in Formula 1," Ecclestone told The Times. "All he has bought is some show cars. He can forget it. He is wasting his time thinking about racing in Malaysia."
Nickerson, a Lincolnshire-based property developer, paid two million pounds for the Prost assets, which include technical drawings, tools and two F1 cars, but crucially not the team itself, which would have meant paying off its 20 million pound debts. Under the rules of the Concorde Agreement that governs F1, any new team has to lodge a bond of 48 million dollars with the FIA, so if Phoenix intends to race this year it will have to raise this amount.
"We are waiting for an official communication from the purchasers of the Prost assets but they do appear to have major difficulties if they want to join the grid," added FIA president Max Mosley.
With F1 grid slots limited to just 12 teams, acquiring Prost seemed like a potentially lucrative move. Rumours circulated that Volkswagen was behind the buyout and that the cars would be branded Skodas. However, these stories have been strongly denied.
For the full story behind the Phoenix saga, buy this week's AUTOSPORT magazine - on sale Thursday, March 7.
Bron: http://www.autosport.com/
zou maar lichtjes der aan mankeren ook. Voor 2 miljoen € F1 rijden ... eventjes mijn mijn rijk oompje bellen zene.
airco
Goed nieuws voor Minardi. Ze verdienen die vergoeding trouwens toch meer dan een team dat zomaar uit de lucht komt gevallen.
meer nieuws wordt vandag verwacht
http://www.crash.net/news_detail.asp?bhjs=1&bhsw=800&bhsh=600&bhswi=780&bhshi=434&bhflver=5&bhdir=1&bhje=1&bhcold=16&bhrl=-1&bhqt=-1&bhmp=-1&bhab=-1&bhmpex=&bhflex=5,0,42,0&bhdirex=8,5,0,324&bhcont=modem&championship_id=1&news_id=33599&language_id=
* ik kan nimmer kopieren van crash.net iemand een oplossing ? *
openen in frontpage! :D
Accordording to press rumours, Charles Nickerson's Phoenix Finance operation is scheduled to release further information regarding a possible Formula One entry later today [Friday].
Nickerson remains the mystery man behind the recent purchase of various assets from the Prost team, although debate continues to rage over whether he can actually enter a team based on the French operations 'right to compete'.
The deal in which Nickerson acquired the AP04 and AP05 cars, plus assorted other items of plant and machinery, surfaced during the Australian Grand Prix weekend, leading to a war of words between Minardi boss Paul Stoddart, who paid off over £20million worth of debt to save the Italian team, and Tom Walkinshaw, whose TWR engineering concern will provide back-up to Nickerson's plans.
Although an announcement from the French liquidator appointed to oversee the sale of Prost appeared to confirm that Nickerson - a former touring car team-mate of Walkinshaw's - could enter his team this season, neither the FIA or F1 overseer Bernie Ecclestone appear to agree - and Stoddart has already threatened legal action against any new team rising from the ashes of Prost.
Now, however, Britain's Daily Telegraph newspaper confirms that Nickerson, who obtained his wealth from agriculture and property businesses set up with a trust fund left by his father, is due to release further details of his Formula One plans following a whirlwind tour of possible backers and those in power in the sport.
The newspaper also claims that Nickerson has a series of meeting with Ecclestone prior to obtaining the Prost assets, making it inconceivable that he would have made the purchase without a hope of running in this year's championship. Walkinshaw has intimated that the team could be on the grid by Interlagos - and Ecclestone was only quoted by the Times as saying that it would not have a hope of entering the Malaysian GP.
Stoddart's ire may be appeased by the fact that Nickerson appears to have relinquished any claim on Prost's financial income from the 2001 championship by not fielding a team in Melbourne.
JPMontoya
24-03-2002, 13:00
The new DART GP team, previously known as Phoenix, the remnants of the now defunct Prost team, turned up in Malaysia ahead of round two hoping to participate on the Sepang circuit. However the FIA told
them in no uncertain terms that their presence was not allowed and
they were forced to leave.
A letter was produced at the Malaysian Grand Prix confirming that the
new outfit has the right to contest the 2002 championship after
rights were officially transferred from Prost back in late February.
However, the FIA stood firm on the situation, questioning the
validity of the said documents and refusing to let them compete.
With cars still in customs due to the fact that they didn't arrive on
the official FIA flight from Australia, the outfit went away as
directed, despite their strong belief that they were in the right.
Now
it appears as if they have every intention of trying the same thing
in Brazil this week for round three of the championship
season.
According to new reports, officials at the Interlagos circuit have
confirmed that a request has been made to hold a pit garage pending
DART's expected arrival later this week, but it is expected that once
again, the FIA will refuse them admission into the paddock.
SOURCE ; F1-live
Was de FIA nog ni duidelijk ofwa ??
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