M Schumacher and Mr Ferrari visit....
Discussion
Was I hearing things or did Mr Clarkson say that General Motors had put a bid in for Fiat??? Which if successful meaning they would own the likes of Ferrari and Maserati etc. Now there's a thought
I know Fiat are up the creek without a boat, never mind a paddle. There losing something like 2 million a day. So what happens to Ferrari etc should the deal go through. Anybody have any ideas???
I hope this doesn't mean we'll be seeing Vauxhall parts on a Ferrari as per Lambo/Audi & Aston/Ford.
In answer to your question Rich, could be one of the following:
a) Discussing which was the best savings account for Schumacher to stick his seven figure pay check in for his services next season.
b) Discussing which account would make them the most Interest on the extra income made by increasing Enzo production.
c) Maybe Schumacher went overdrawn/missed a direct debit payment and was having his hand slapped.
d) Or was it to talk through his pension. Ferrari could be running an Employeers Contribution Scheme.
Interesting though
>> Edited by jay_z on Tuesday 22 October 15:31
I know Fiat are up the creek without a boat, never mind a paddle. There losing something like 2 million a day. So what happens to Ferrari etc should the deal go through. Anybody have any ideas???
I hope this doesn't mean we'll be seeing Vauxhall parts on a Ferrari as per Lambo/Audi & Aston/Ford.
In answer to your question Rich, could be one of the following:
a) Discussing which was the best savings account for Schumacher to stick his seven figure pay check in for his services next season.
b) Discussing which account would make them the most Interest on the extra income made by increasing Enzo production.
c) Maybe Schumacher went overdrawn/missed a direct debit payment and was having his hand slapped.
d) Or was it to talk through his pension. Ferrari could be running an Employeers Contribution Scheme.
Interesting though
>> Edited by jay_z on Tuesday 22 October 15:31
(large parts thereof anyway!). 
Mmm. Anyone know what Ferrari's market cap is? If there is any validity at all in connecting these rumours/events, it's that Schumacher could be part of (leading) a consortium of investors to buy out Fiat. I could see Schumacher regarding himself as a latter day Enzo Ferrari and so what if he does? This would be a management buy-out and a half. Pretty good person to have a controlling interest in the company I'd have thought.
There are many other explanations for why Schumacher would visit a merchant bank though, none of them to buy the company he works for or the status of his direct debits.
Just had a thought. As he was leaving his house do you think he called out to his wife "just popping out to buy Ferrari dear" and his wife asking which one?
There are many other explanations for why Schumacher would visit a merchant bank though, none of them to buy the company he works for or the status of his direct debits.
Just had a thought. As he was leaving his house do you think he called out to his wife "just popping out to buy Ferrari dear" and his wife asking which one?
rich1231 said: Kev, he wasnt on his own, there a few other Ferrari guys with him and he made a big point of introducing himself to many of the staff in the office.
I have no idea what really is happening but I will keep digging.
Rich
Hear what you're saying Rich- sounds like they're selling not buying, trying to woo the bank. German stock market/german banks generally in the cack at the moment so they should be pretty receptive if a tad skint. D'you know which bank it was? Might make a few calls myself.
Kev
Are they selling themselves???
Ferraris market cap - well apparently the brand name alone connected with the F1 team and the Cars is worth $1Billion.
The actual business from F1, road cars, merchandising, dealer networks, servicing, parts..... I honestly don't know.
A leveraged hyper-management buy-out with the greatest Grand Prix driver of all time and Luca di Montezemolo as part of the set up wouldn't be too difficult to make feasible (I reckon).
Piero Ferrari, Montezemolo, Schumacher plus a few others.... hell - if they can't raise the money then who the hell can?
Ferraris market cap - well apparently the brand name alone connected with the F1 team and the Cars is worth $1Billion.
The actual business from F1, road cars, merchandising, dealer networks, servicing, parts..... I honestly don't know.
A leveraged hyper-management buy-out with the greatest Grand Prix driver of all time and Luca di Montezemolo as part of the set up wouldn't be too difficult to make feasible (I reckon).
Piero Ferrari, Montezemolo, Schumacher plus a few others.... hell - if they can't raise the money then who the hell can?
Kev: Couldn't agree more. What a management buy-out that would be. Very interesting point likening Schumacher to the late great Enzo Ferrari himself. I think if there was one person to bring back a bit of the "Enzo magic" Mr Schumacher is the one to do it.
With Schumacher at the helm I think the next generation of Ferrari's could be very special indeed.
Absolutely
With Schumacher at the helm I think the next generation of Ferrari's could be very special indeed.
Just had a thought. As he was leaving his house do you think he called out to his wife "just popping out to buy Ferrari dear" and his wife asking which one?
Absolutely
manu said: Are they selling themselves???
Ferraris market cap - well apparently the brand name alone connected with the F1 team and the Cars is worth $1Billion.
The actual business from F1, road cars, merchandising, dealer networks, servicing, parts..... I honestly don't know.
A leveraged hyper-management buy-out with the greatest Grand Prix driver of all time and Luca di Montezemolo as part of the set up wouldn't be too difficult to make feasible (I reckon).
Piero Ferrari, Montezemolo, Schumacher plus a few others.... hell - if they can't raise the money then who the hell can?
Schumachers' net worth wouldn't get near this (presume $10bn or more depending on multiple used for valuation) so it would HAVE to be a consortium or a another car Co with deep pockets (not sure that's GM at the mo'). Would certainly excite the interest of the banks I'd have thought (flagship deal, sex appeal etc.), and they always have the option of exiting later via an IPO. No way Ferrari could IPO themselves right now.
a few numbers for you:
schumis net worth last estimated at $700+ mil.
ferrari sold roughly 1/3 of the company to mediobanca a few months ago for reportedly around E 750 mil. so it is not inconceivable that schumi could buy a chunk, or be the controlling figure within a consortium that buys the rest of it.
i think it would be great and would at least save the marque from being gobbled by gm.
schumis net worth last estimated at $700+ mil.
ferrari sold roughly 1/3 of the company to mediobanca a few months ago for reportedly around E 750 mil. so it is not inconceivable that schumi could buy a chunk, or be the controlling figure within a consortium that buys the rest of it.
i think it would be great and would at least save the marque from being gobbled by gm.
I would also say that the banks (or indeed internally - the theoretical structure of the bought out company agreed amongst the guys trying to do this thing) would like Schumi to have a "type" of non-executive Directors role where he helps to raise the money and that's about it - after all - what businesses has he run before? He's a GP driver first and foremost - the fact that his talent has revitalised Ferrari and he brings $700M to the table is why he's in.
Would a fully independent, as in away from other car manufactuers control make sense for Ferrari? Would it make money or be too reliant of continued F1 victories?
How quantifiable is M.S's input in road car testing when they already have some legendary figures there?
Fiat I know are desperate for cash but F make them money I would have thought so they would losing a cash generating asset for a short term cash injection.
What would you do?
How quantifiable is M.S's input in road car testing when they already have some legendary figures there?
Fiat I know are desperate for cash but F make them money I would have thought so they would losing a cash generating asset for a short term cash injection.
What would you do?
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