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Bob Baldwin jr
Joined: 21 Sep 2006
Posts: 3579
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 Posted: Sat Mar 20, 2010 8:27 am Post subject: Stefan GP to buy assets of US F-1 |
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Hoping to get into F-1 THIS SEASON SteFan GP will be buying the assets of US-F-1 . Though not sure what assets that would be . FIA may not let that happen pending further penalties against the upstart team . No comments from Ken Anderson yet .
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Greg Nelson
Joined: 05 Jan 2004
Posts: 1712
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| Posted: Sat Mar 20, 2010 9:29 am Post subject: |
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Well, this whole debacle of two Brits trying to built a US based F-1 team is just about over and likely to have insured killing any other future efforts as well, nice half-ass'ed job Anderson and Windsor.
Who's next, a couple of Aussies starting up in Florida with unemployed NASA shuttle technicians?
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sat Mar 20, 2010 3:48 pm Post subject: Re: Stefan GP to buy assets of US F-1 |
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| Bob Baldwin jr wrote: | | ... SteFan GP will be buying the assets of US-F-1 . Though not sure what assets that would be . . |
Perhaps Serbia is a big market for Toasters !!
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Chad
"Those of you who think you know everything are annoying to those of us who do !!" |
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gregg boyce
Joined: 27 Jul 2004
Posts: 1143
Location: United States, Tennessee, nashville
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| Posted: Sat Mar 20, 2010 5:39 pm Post subject: |
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Greg,
Ummmm, Anderson is an American and Windsor is an Aussie...
Either way USF1 was a joke.
GB
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sat Mar 20, 2010 6:16 pm Post subject: |
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I agree that the Management has to take the blame ultimately, but i cant help thinking that a little more homeland support ( $$$'s) would have helped avoid this debacle .
Idealy they should have held back and planned a 2011 entry, but i doubt many sponsors would have been prepared to fund an extra 12 months with no public/ track exposure
Its easy to stand on the sidelines and shout abuse, ..a lot harder to run the ball on the field !
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Chad
"Those of you who think you know everything are annoying to those of us who do !!" |
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Richard Gray
Joined: 23 Feb 2002
Posts: 814
Location: United States, Florida, Fernandina Beach
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| Posted: Sat Mar 20, 2010 7:24 pm Post subject: |
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| gregg boyce wrote: | Greg,
Ummmm, Anderson is an American and Windsor is an Aussie...
Either way USF1 was a joke.
GB |
Windsor is a Brit, born in Surrey in the early 50's, I think
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Richard
"Running into the sun but I'm running behind" |
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sat Mar 20, 2010 9:47 pm Post subject: |
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| Richard Gray wrote: |
Windsor is a Brit, born in Surrey in the early 50's, I think |
Born in the UK , Aussie citizen, homes in both countries..
... so take it either way !
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Chad
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Rick Crist
Joined: 18 Jun 2002
Posts: 3280
Location: United States, Indiana,
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| Posted: Sun Mar 21, 2010 4:21 pm Post subject: |
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| Chad Stapleton wrote: | | …… but i cant help thinking that a little more homeland support ( $$$'s) would have helped avoid this debacle. |
As homeland support regarding comes in a few forms …… they received more homeland support than you‘ll ever know or could phathom. Seriously Chad, you haven’t a clue. And now some of those homeland supporters are stuck with invoices that are unpaid. That is stated very matter of factly, period, end of subject. Reminiscent of the Falcon project.
| Chad Stapleton wrote: | | Its easy to stand on the sidelines and shout abuse, ..a lot harder to run the ball on the field ! |
They were interviewed countless times, everything was taken as fact, then it was reported and published. Then you and every other Tom, Dick, and Harry F1 Super Fan believed what they said, and what was written. Problem is, it was all a ruse. Problem is Chad, they never had a playbook designed for actual racing. The greater majority of what you and everyone else read, publicly, in the press, was nothing more than a ruse, plain and simple. Some, very-very-very few I might add, questioned all of this, and when they did, they were mocked and ridiculed. I would be one of the latter.
The playbook they had designed was for a F1 Ponzi scheme with the only intention being to sell the team. Some knew this, some didn’t. I sincerely tried to give everyone here a gentlemanly, vet every bit of this USF1 fiasco, heads up “hint” … as not to get the cart before the horse, and don’t get all excited just yet. Why? Because I smelled a rat that I’ve smelled before. It was a matter of picking my words wisely at the time, with adult minded reasoning and forethought - rather than, say, uuuuuh, knee-jerk postings.
Now then if you remember correctly Chad, I was the one that was told, then I very politely followed up with … and I’ll quote here -
The full context can be found in the now defunct Lounge section, Posted: Nov 2009 …
The real USF1 - http://ekartingnews.com/viewtopic.php?t=88777 wrote: | | You are implying with great ambiguity that Windsor and Anderson have financially taken advantage of people previously, yet you give no specifics. Also when I've posted directly what the principals have stated in terms of progress and current resources available you once again post in a cryptic manner basically calling two men you don't know liars regarding a situation in which you have zero direct experience. You're hardly an F1 insider and if the choice is believing Anderson and Windsor and believing you, well that's a pretty easy decision. |
| In my ending reply, I wrote: | | I think this is one of those situations where … the less I say, or write in this case, the more I have to gain. That said, I’ll stand by my comments. |
Now that USF1 is being been exposed for what it really isn’t, I guess my hearing is fine after all … and the credible believability choice is a pretty easy decision after all. And yes, come to find out … they are and were, liars. Surprise, surprise.
| gregg boyce wrote: | | Either way USF1 was a joke. |
Correct. And I can’t say I didn’t try to heed a little warning to everyone from the get-go. I was gentlemanly trying to curb the ending disappointment that was eminent. It was one of those light at the end of the tunnel situations, as I knew the trains unfortunate derailment schedule from past experiences.
And for one to say, and I’ll quote again -
| Quote: | | Seems like 'told ya so' is shallow consolation when all Americans lost on this one |
Thus lies the rub in all of this. Not all Americans lost on this one, as not all Americans bought into the ruse. In total real world reality … the only ones (Americans) that are losing here are those homeland supporters that are stuck with invoices that are unpaid. As for their consolation? Probably spending more homeland supporter funds in attorney fees trying to collect the funds due to them. Some homeland supporters gave this venture, and the principal(s) regarding, a second chance. They got suckered, again. Come to find out, Falcons are just like Toasters, as neither can fly.
| Quote: | | USF1 will be on the grid in Bahrain. |
Sorry folks, but as you know by now …… that knee-jerk posting did not happen. |
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sun Mar 21, 2010 4:58 pm Post subject: |
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Rick,
I am sure you are convinced of your understanding of the situation, though you only offer "told you so" and un-substantiated allegations of deliberate fraud with no detail to back it up.
I would be interested to hear your explanation of how this "ponzi scheme" was likely to operate and how an F1 entry could be valued high enough to make such a scheme worth while
Personally ,although i have zero personal contact with either Windsor or Anderson, i find it hard to believe that either of those are the type of character to deliberately plan such a "Ponzi scheme" fraud in the sport to which they have both built their careers and reputations.
Sure, it failed disastrously, but i am not surprised that many suppliers and contractors will suffer financially as a result, that is almost inevitable when any business fails...but that doesnt automatically imply any deliberate fraud.
F1 isnt a conventional engineering business, it is simply an Advertising medium ( "mobile bill-boards" ) and the income is from the sponsors/Advertisers.
If that income does not materialise , then the business plan fails and from what i can see (the simplified version) is their income stream failed for reasons we may never know
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Chad
"Those of you who think you know everything are annoying to those of us who do !!" |
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Rick Crist
Joined: 18 Jun 2002
Posts: 3280
Location: United States, Indiana,
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| Posted: Sun Mar 21, 2010 5:39 pm Post subject: |
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Sorry bud, but this fish doesn’t bite. Nice bait though. Dave tried that Phishing bait in the other thread, I didn’t bite then either.
| Chad Stapleton wrote: | | I would be interested to hear … |
I bet you would.
Last edited by Rick Crist on Sun Mar 21, 2010 8:10 pm, edited 1 time in total |
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sun Mar 21, 2010 5:59 pm Post subject: |
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You seem to have some kind of conspiracy /super secret agenda going on in your head Rick. ?
Why make these ridiculous "ponzi" allegations if you can't substantiate them or even explain how such a scheme might operate !
I think you have been standing too close to the solvent tank !
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Chad
"Those of you who think you know everything are annoying to those of us who do !!" |
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Rick Crist
Joined: 18 Jun 2002
Posts: 3280
Location: United States, Indiana,
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| Posted: Sun Mar 21, 2010 7:01 pm Post subject: |
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| Chad Stapleton wrote: | | …… Windsor or Anderson, i find it hard to believe that either of those are the type of character …… |
That in itself told me exactly what I need to know.
Whatever Chad. Same Phishing pole, new Phishing line … same old bait. No bite, again. Seriously, I could care less what you say about me, or what you think about me personally. It’s irrelevant. As well, Tim Pappas already answered your question in another thread 17 days ago. A thread that you started mind you. What? Tim’s answer wasn’t good enough for you then so you went Phishing then too. Tim didn’t bite either. Nothing has changed, still no bite. In every thread situation when someone has mentioned the "scam" … you’re wanting, down right begging on hands and knees like a 5 year old that was left out, wanting full disclosure. The fly on the wall Who, What, Where, When, Why. I don’t see anyone answering your question anytime soon. Simply put Chad, you were snookered, and I feel sorry for your naïveness on this matter. You read the USF1 National Enquirer cover to cover, and you believed it. Sadly, this is the so obvious, "it just eats some people up", part. |
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Chad Stapleton
Joined: 19 Jul 2001
Posts: 4403
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| Posted: Sun Mar 21, 2010 8:43 pm Post subject: |
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Thats the problem Rick, .. you are seeing things that simply are not there !
Tim did not "answer" anything , he simply came out with the same "Ponzi Scam" theory that you keep repeating, and again with no evidence or explanation.
How anyone would think that an F1 grid entry could ever be worth more than the expenditure required to establish a "saleable entity" , is beyond belief. What is more, USF1 have recently been slated by Stefan GP for refusing to negotiate the sale /merger of said entry ! 
I dont have an agenda either way regarding USF1, and the only question in my mind is why you (and Tim) are peddling a "Scam" theory that doesnt pan out in any logical analysis.
USF1 failed because it was formed and run by motorsport enthusiasts rather than by experienced business/financial managers .
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Chad
"Those of you who think you know everything are annoying to those of us who do !!" |
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Matt McCauley
Joined: 19 Jan 2006
Posts: 422
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| Posted: Mon Mar 22, 2010 12:58 am Post subject: |
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| from what i have read, which could be wrong, but i have read from several places. basically this whole thing came down to sponsors and money. chad hurley guarenteed certain sponsors and money to come in, the money never came in and thus they couldnt pay event their payroll. most teams in f1 without a ton of sponsorship could barely survive and pay the team let alone make competitive cars |
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Bob Baldwin jr
Joined: 21 Sep 2006
Posts: 3579
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| Posted: Mon Mar 22, 2010 8:00 am Post subject: |
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PONZI SCHEME what a nasty word. the more I PONDER on the issue of SUPPLY and DEMAND " Entry into the world of F-1 " the more sense it makes to me. Just my opinion ,I have NO proof but what else are we to sumise  Certainly Rick and Tim raised some interesting points.
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