http://joesaward.wordpress.com/2009/11/ ... d-mclaren/
Rob W wrote:agreed value on shares when there is really only one possible buyer is almost always below what you'd get if it was a truly open-market sale. This is simply the hit Mercedes were willing to take to go into running their own team. Good on them for making such a big change.
Also, today's valuation of the team's value will be a lot less than 18 months ago so that helps Ron. If rumours are correct that the shares haven't changed in price, then Ron has made a financial killing because he's got the development and investment for free (and no inflation either!)
According to Michael Schmidt who is being referred to by Joe Saward Ron Dennis initial demands were 500 mil $ higher. He wanted the shares for free and additional 300mil$ on top. Now he is considered to have made a financial killing. It speaks volumes about the realism of the opening position. To me it looks likely that both sides will have gained an important point and that they cut a deal which reflects that in fairness.
Merc can run their works F1 team on a much leaner budget and ultimately make the decisions - if they have got the skill.
McLaren get a shot at conquering the super car market - if they can.
I do not know which Job is more difficult. Merc have hired Ross Brawn for their new venture. At McLaren Ron Dennis is the man in control of the automotive business. Time will tell who will prevail in the challenges ahead.