I actually said that. Teams are reinvesting in themselves in varying degrees. No other team has spent $300 million on 3 building and a wind tunnel in the last 5 years.Badger wrote: ↑24 Mar 2026, 20:00All teams have depreciating assets, it doesn't explain $60m in losses.diffuser wrote: ↑24 Mar 2026, 19:39That's not what I said. I said they were reinvesting money in the team by buying equipment, hardware, buildings, etc that they then can write off. That "write off" would make it appear (if you looking just at profit and losses) that they're losing money but their assets are going up in value. If you borrow $400 Million to build 3 building, you can then expense that over the next 10 years or so . Whatever you're paying there, from a year to year basis, some portion or all of it come off your profits.Badger wrote: ↑24 Mar 2026, 18:56
A few posts ago you were suggesting that AMR was reporting false losses to avoid paying taxes, now you are doubtful that Lawrence could inflate the value of his own company in a deal with himself?
I'm just informing you where those numbers are coming from, it's not up to debate whether they are real or not. Forbes didn't come up with their own valuation, they used Stroll's.
The real reason AMR is losing money is because they are investing a lot whilst having a turnover that is only around 50-60% of the big teams.
I would agree with what you said. With the caviot that:
1 ...I'm not an accounting expert
2 ... The turnover get sent over to AML. So I'm not sure that show up in AM F1 GP books.

