Quote:
Originally posted by ghinzani
A sponsor who wanted to take over a team should wait for them to go bankrupt then Eddie will be out of the way - they they buy the team and put in their own management structure.
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The trouble with that strategy is that the privateers who run their own teams seem to run up these horrendous debts before actually going into bankruptcy. As was proved in the Prost case, it seems to be contrary to the rules for a new buyer to acqire the rights to start cars in F1 events, at least without assuming all of the teams's debts as well. All that is being sold in the bankruptcy proceedings are hardware and real estate. To make a viable acquisition of an F1 team, you need to get to the owner before the creditors are in too deep.