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Bernie has cashed out
iank - 28/3/06 at 12:40 PM

But remains in charge as chief exec...

http://news.bbc.co.uk/1/hi/business/4852894.stm


ned - 28/3/06 at 01:02 PM

i saw that, but figured who cares? is it really going to make a difference?

more interesting reading was the fact that minardi might make a comeback in 2008 and that stoddart has the rights to the name, the 2004 car and still has the premises from the sale to redbull...

Ned.

[Edited on 28/3/06 by ned]


iank - 28/3/06 at 01:13 PM

Aye, but it's the sort of thing I'd expect to see from someone with inside information about an imminent drop in the value of the franchise.

Or it might be a tactic to try and prevent that rumoured break-away by the manufacturers.

Hadn't heard about Minardi... why would anyone bother unless they had the resources to begin winning within a couple of years?


ned - 28/3/06 at 01:59 PM

another theory:

how much of equity group CVC Capital Partners does Bernie own?!

Ned.