I am a bit confused by BMW's position being the odd team out, if that is their position.
If BMW has paid their bond, and another group buys the team, they also buy the bond, correct? If the bond ensures that the teams stays to race, should it not also ensure that they GET to race? This is how BAR did it when they purchased the Tyrell team, buying the bond and debt and restarting as a newly named team.
I must be missing something in the reasoning that they are not currently enrolled in the sport.
Also, what about other teams that have multi year sponsorship packages, guaranteeing x number of races that show the cars colours, or what if a team with a single race themed branding, doesn't get to qualify and the sponsor loses out, assuming they go to a situation of teams qualifying to race, nit just for position.
Before I do anything I ask myself “Would an idiot do that?” And if the answer is yes, I do not do that thing. - Dwight Schrute