Alpine Raising Cash

'It doesn't stack up' - Jordan slams 'PREPOSTEROUS' £700m Reynolds Alpine deal (gptoday.com)

'It doesn't stack up' - Jordan slams 'PREPOSTEROUS' £700m Reynolds Alpine deal
Eddie Jordan was gobsmacked to hear of Alpine's latest takeover which includes Hollywood star Ryan Reynolds.

The Enstone-based F1 team and its French automotive partners saw a 24 per cent share in the company handed to RedBird Capital who joined forces with Reynolds and basketball great Michael B Jordan to complete the deal.
The value of Alpine has now supposedly grown to £700 million as a result of the takeover which was completed thanks to the £200 million price tag.
Jordan, formerly the team manager at Jordan F1 up until 2005 when the team disbanded, labelled the deal preposterous as he does not believe the fifth-best team in F1 could possibly be worth so much.

It doesn't stack up
“I don’t believe it,” Jordan said on GB News. “I won’t use the term ‘fake news’ but there is absolutely no way from an accounting point of view just purely the financial model doesn’t stack up.
“It’s all very nice and very sexy to put these figures on things but they need to be supported and they need to be authorised.
“I noticed that there hasn’t been any reaction from Alpine or indeed from Renault which is the major shareholder.
“I find that in itself kind of strange. To value something of that level at a gross value of £700 million is preposterous.
“It’s ridiculous because what does that then value someone like Ferrari or Mercedes or Red Bull?
“That’s what I consider to be the value of those teams and Alpine are not even close to that yet.”

 

The minion teams are only obsessed with their value lol. Williams alone appear to truly want to move up. Too bad they are 20 years under invested. McLaren talk sooo much and barely improve or go backwards again. The budget cap won’t help them.

F1 is worse this year. Fewer more competitive teams make more sense. More cars per top team would be nice lol. More good seats for good talent.

 

The regulations we had last year worked well.

Thank toto for forcing a rule change through because he refused to raise the ride height under the guise of ''safety'' because they went with the wrong concept.

 

RedBull won. The regs are a failure this year. RedBull to dominate utterly this year and u are thinking about last year???? Still not happy LOL. Crazy.

 

Michael B. Jordan is the actor, not Michael Jordan the Bulls great. Pretty basic screw up. Additional confusion added by referencing Eddie Jordan by only his last name. Must be high school journalist that wrote this.

Sent from the X-31 Space Modulator using FerrariChat.com mobile app

 

erm. No.

Try again.

Last year the racing was good, it was very competitive. Cars where able to follow really closely and overtake.

Then for 2023 new regs where put in place to fix things because Merceds complained because their concept didn't work and the simple fix they didn't want to do, they didn't apply because it would cost them performance.

So they lobbied and the new regulations we're back at square one: Cars are too hard to overtake.

I'm happy red bull won last year, the year before, and will again this year.

But I want to see better competition in closer following and capable of overtaking more.

 

More MB BS. That's dangerous man.

+1 agree

 

When we discuss F1, there is only One JORDAN : EDDIE !!!

 

I can understand that; that's the only thing they are likely to get out of F1, now that it's impossible for them to win anything.

The value of their team is their back door exit as long as they close ranks and block any attempt to have a 11th or 12th team.

Anyone who want to get into F1 (Andretti-Cadillac or Hitec) will have to fork out a lot of money just to buy a franchise (800M € ?).

So no wonder the minnows are looking at the market fluctuations with interest !! They could be in the driving seat from now on.

 

Borrowed from another forum lol —

Investing money in Renault is like pouring water into a dead pool.