UTA_flyingHIGH From Tunisia, joined Oct 2001, 6495 posts, RR: 52 Posted (8 years 6 months 4 days 21 hours ago) and read 838 times:
Instead of taking the traditional route of purchasing an existing team, Team Dubai F1 are scheduled to be on the grid for the first race of the 2006 season and intend to build the team from scratch, with a little help from others.
According to Arabian Business the team is expected to spend a billion dollars in the first seven years of its operation. However, this equates to $143 million a season, significantly less than many current top-line Formula One teams.
McLaren and Mercedes have already gone on record stating that negotiations are ongoing for cooperation between the two parties. It is expected that the new team will enjoy the use of Mercedes engines, while speculation suggests that the new team will take over and redevelop the old McLaren factory now that Paragon is up and running.
Where do these people come from ? and where shall (...) they get their financing ?
UTA
Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
Russophile From , joined Dec 1969, posts, RR: Reply 6, posted (8 years 6 months 4 days 19 hours ago) and read 800 times:
Russophile, thats a shocking statement to make
It was right out of left field huh? Would never have expected that.
It seems that Eddie Jordan is considering selling up to -- no less than the Maktoums of Dubai, and it is rumoured that Coulthard will try out for the 'new' team.
One thing is for certain -- the team will be sponsored by EK.
Russophile From , joined Dec 1969, posts, RR: Reply 9, posted (8 years 6 months 4 days 14 hours ago) and read 747 times:
Jordan may be there for 2005, but a report from today's The Australian says that these rumours of Jordan selling up the Al-Makhtoum's just won't go away. Which way to read into that?
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