CHT wrote:grano123 wrote:ESPImperium wrote:There are 3 reasons for me that Caterham arnt doing as well;
Reason 1] They have just moved into Leafeld and that has taken alot of budget and time away from developing the CT01. It has taken as many as 20-30 guys off the project ion order to get Leafeld up to standard and also taken as much as €25m out of the budget as well.
Are you sure about that figure? It seems a very expensive property then!...... :o
I wont be surprise because for businessmen like Tony because property will last a life time, and it can easily be flip for a profit in a few years time But for F1 team, you might not even see the light at the end of the tunnel with 25m.
The property itself is only about €5m of that, its the fitting out of the place with the correct tooling and equipment, not to mention modifications that will be needed to the property in order for the Caterham F1 Team and Caterham Racing to operate out of as well. The Leafeald factory was stripped when Super Aguri left. The good thing was it was a blank canvass.
CHT ir right, property can be flipped for profit or rented out to keep an income. In F1, you can just about buy a Tunnel for €25m, that will probably not see profit from at the end of the day.
Remember that Caterham Cars will be moving into Leafeald as well, so Caterham F1 may have lent the money to Caterham Cars in order to make the books look better for the F1 team. But that is just a supposition without actually seeing the books for evedence of this.
Caterham F1 Team is clearly a company with value now, something that Marussia and HRT had at least 6 months before Caterham in that respect. However all 3 teams are lacking something that takes a period of time in F1 to build and thats a heritage and a linage in the sport, this is something that takes about a decade to build up. Toyotas pull out left a heritage and linage black hole in F1 that was felt widely in the sport. If Tony is true to his word, he has to stay with Caterham till at least 2018/2020 at the earliest, and at present i have no doubts he will be true to his word for Caterham as a F1 and GP2 entity as well as a Car and Technology company as well. As for his football team, there is more doubts there. Ill put it this way, Tony Fernandes is a better business man in my opinion than his contemporary at Force India.