You do know how flush the Chilton family is right? There is talk about them buying the team!acosmichippo wrote:do you have a source for this info?
Rossi didn't pay to race. He was signed as a reserve without bringing any cash.seinfeld wrote:You do know how flush the Chilton family is right? There is talk about them buying the team!acosmichippo wrote:do you have a source for this info?
so its not a money issue from the Chilton side. pure and simple.
What happens is they usually pay driver salary at the shutdown and then at the end of the year in 2 payments. so max would have gave Marussia 30million for his seat from all his sponsors and his dad's cash. then at the 6 month break Max is due to get a pre agreed amount as a salary (he may only get 25% of the 30 million, who really knows ) but Marussia couldnt pull any cash out as they are broke. and I would say they have ripped of Rossi, to pay Chilton. I would like to hear from Rossi about why he was denied the seat when he made his payment.
Pierce. THey sold the seat for 1 race to pay chilton his fee. That's exactly what happened. That's the only reason Chilton would move aside. Again the Chilton family is worth MILLIONS. and they havent defaulted on any payments.Pierce89 wrote:Rossi didn't pay to race. He was signed as a reserve without bringing any cash.seinfeld wrote:You do know how flush the Chilton family is right? There is talk about them buying the team!acosmichippo wrote:do you have a source for this info?
so its not a money issue from the Chilton side. pure and simple.
What happens is they usually pay driver salary at the shutdown and then at the end of the year in 2 payments. so max would have gave Marussia 30million for his seat from all his sponsors and his dad's cash. then at the 6 month break Max is due to get a pre agreed amount as a salary (he may only get 25% of the 30 million, who really knows ) but Marussia couldnt pull any cash out as they are broke. and I would say they have ripped of Rossi, to pay Chilton. I would like to hear from Rossi about why he was denied the seat when he made his payment.
Petrol now it's been a few weeks since it all went down. Chilton was in a press conference, where he was incredibly open and honest about it. And what he said was. on the thursday his seat had been sold for the entire race weekend. And basically after the chilton family started making noise about it. And now I'm quoting Max here. "A decision was taken to give my race seat for the weekend to Rossi and when we (chilton family and financial backers) Heard about this we then contacted Senior management for Marussia (booth etc are not in charge) And after that the decision was then reversed immediately"Petroltorque wrote:You are conflating the issues. Marussia did not sell Chilton's Seat. Rossi is not paying. The problem is the non payment of funds by Chilton's backers. It was extremely disingenuous of Chilton press office to put that 'voluntarily withdrawing allowing Marussia to raise money' spin into the media. This week's Autosport confirmed that the situation was non payment.
In any event Chilton's seat is being funded by a group of investors who are looking for ROI in the unlikely event he becomes a success.
These kind of comments are totally inappropriate. These teams well deserve to be in formula 1. There have always been some backmarkers, they are part of an interesting starting field. Such teams can offer young drivers and engineers the chance to get into F1, gain experience and grow. The guys there are doing a hard job because with a handful of resources they need to achieve the same as the top teams. The top teams hire a guy just to design a jack where in a small team 1 guy needs to design half of the car. Yet those small teams still deliver a working and surprisingly reliably car at the start of the season.seinfeld wrote:But as I said. Catharam and Marussia shouldn't be even in the F1 paddock. the car is stupendously uncompetitive
And is wasting a lot of peoples money. Tarnishing records and reputations of drivers, staff and F1 as a whole. I hope the HASS team has a bit more funding etc, and can have at least 1 'REAL' Driver (paid to race) And they show good technological ability and have a car that is on the same lap time range as mid level cars (or better)
Rossi never bought any seat. Marussia weren't trying to stay alive for 1 week. Marussia wanted a better driver but the Chiltons threatened legal action. It had nothing to do with paying Chilton(not that he's earned a single dollar with his "driving") or any loans. Marussia simply wanted a weekend without Chilton holding them back.seinfeld wrote:Petrol now it's been a few weeks since it all went down. Chilton was in a press conference, where he was incredibly open and honest about it. And what he said was. on the thursday his seat had been sold for the entire race weekend. And basically after the chilton family started making noise about it. And now I'm quoting Max here. "A decision was taken to give my race seat for the weekend to Rossi and when we (chilton family and financial backers) Heard about this we then contacted Senior management for Marussia (booth etc are not in charge) And after that the decision was then reversed immediately"Petroltorque wrote:You are conflating the issues. Marussia did not sell Chilton's Seat. Rossi is not paying. The problem is the non payment of funds by Chilton's backers. It was extremely disingenuous of Chilton press office to put that 'voluntarily withdrawing allowing Marussia to raise money' spin into the media. This week's Autosport confirmed that the situation was non payment.
In any event Chilton's seat is being funded by a group of investors who are looking for ROI in the unlikely event he becomes a success.
So as I said Max Chilton was up to date on his payments etc, it was MaRussia that had either trouble giving Max his retainer, or they defaulted on loans or something that forced them to sell the seat for the cash to stay alive that race. Max's family put a stop to this real quick and got him back in the seat. But was also ruthless as Max had then just stopped any funding in it's tracks so he could maintain his drive Unless the Chilton family threw in extra cash as well to guarantee it will never happen again.
Which is kinda cold and ruthless! and selfish. The team may struggle now.
But as I said. Catharam and Marussia shouldn't be even in the F1 paddock. the car is stupendously uncompetitive
And is wasting a lot of peoples money. Tarnishing records and reputations of drivers, staff and F1 as a whole. I hope the HASS team has a bit more funding etc, and can have at least 1 'REAL' Driver (paid to race) And they show good technological ability and have a car that is on the same lap time range as mid level cars (or better)