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I don't think this "investment" is too significant for Santander. ~30 million is 1% of their profit this past quarter.
Even if Ferrari is not competitive next year, the name "Santander" will be seen on the cars by Ferrari, Massa and Alonso fans. So, that is the return for investment. Winning whe WCC and WDC comes as a bonus.
Raikkonen eyes lucrative sabbatical in 2010
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And since Banco Santander is essentially paying Alonso's salary, I continue to wonder if Mercedes will step in at the end of all this and pay Räikkönen's - if not at McLaren, then at Brawn.^Kimi is not German
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It is not about Nationality.
It is about the potential of the Drivers for the 2010 season.
It is about the potential of the Drivers for the 2010 season.
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It is not about Nationality.
It is about the potential of the Drivers for the 2010 season.
I wish that were actually the case. however if there is any truth to the Mac lowball bid then clearly driver value is not the case here.
If someone pays me off to leave a job, that is of no consequence whatsoever to the next person I go to work for. F1 would do well to learn that. There is absolutely no basis for saying he has "already been paid for next year" he has in fact simply concluded a contract with Ferrari nothing more nothing less. The fact that the contract concluded a year early with a payout is of no consequence to anyone but Kimi and Ferrari. For McLaren to even try to use that as bargaining leverage is so sleazy as to be beneath contempt. Kimi is put in a very bad position here as if he sets precedent by taking less to do the job he leaves the door open to every team to examine a drivers financial status to determine what they want to pay them. It puts driver salaries into a "pool" is you will, and changes the entire negotiation structure. Kimis management must see this and I would not be surprised if they are waiting and waiting to sweat McLaren into reality as time runs out.
OR He already signed with Mac for 20 meg and the article is post season horse droppings filling up the empty spot in the paper.
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Doesn't Ferrari pay Schumacher $30m a year to "sit on the sidelines"?
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TeamRMP, I do not believe that to be true.
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And since Banco Santander is essentially paying Alonso's salary, I continue to wonder if Mercedes will step in at the end of all this and pay Räikkönen's - if not at McLaren, then at Brawn.^Kimi is not German
Ahh, but Mercedes almost certainly has its German driver already - and some of the many rumors about that include that his contract is with Merc rather than his future team.
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The financing involved is probably more complex than any of us can imagine.
Ferrari had to convince Kimi to terminate a 25M contract that was guaranteed for 2010. Kimi did not have to agree. He could have forced them to honor it.
So why would he take a pay cut by that large a difference based on that story ?
Sorry but it doesn't add up.
Secondly, Ferrari's deal had to co-ordinate Kimi's manager, Alonso's manager, Santander, their own money boys. Renault had a contract with Alonso for 2010. But somehow that got lost in the discussion here as well.
A lot of the speculation raised by this overly simplistic article (born of someone's imaginative fantasy) has so many holes in it, Swiss cheese would be considered the Great Wall of China by comparison.
Ferrari had to convince Kimi to terminate a 25M contract that was guaranteed for 2010. Kimi did not have to agree. He could have forced them to honor it.
So why would he take a pay cut by that large a difference based on that story ?
Sorry but it doesn't add up.
Secondly, Ferrari's deal had to co-ordinate Kimi's manager, Alonso's manager, Santander, their own money boys. Renault had a contract with Alonso for 2010. But somehow that got lost in the discussion here as well.
A lot of the speculation raised by this overly simplistic article (born of someone's imaginative fantasy) has so many holes in it, Swiss cheese would be considered the Great Wall of China by comparison.
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The Artist Formerly Known As Hondanisti is now known as a Brawnista. Brawn’s Brackley Battalion are CHAMPIONS!!....
Cause we all justa wanna be big Merk Stars:
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sorry but it doesn't add up.^ Put it in a Classic Nisti style
A lot of the speculation raised by this overly simplistic article (born of someone's imaginative fantasy) has so many holes in it, Swiss cheese would be considered the Great Wall of China by comparison.
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Who control the media control your mind, internal combustion is fifty years obsolete.
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The financing involved is probably more complex than any of us can imagine.
Ferrari had to convince Kimi to terminate a 25M contract that was guaranteed for 2010. Kimi did not have to agree. He could have forced them to honor it.
So why would he take a pay cut by that large a difference based on that story ?
Sorry but it doesn't add up.
Secondly, Ferrari's deal had to co-ordinate Kimi's manager, Alonso's manager, Santander, their own money boys. Renault had a contract with Alonso for 2010. But somehow that got lost in the discussion here as well.
A lot of the speculation raised by this overly simplistic article (born of someone's imaginative fantasy) has so many holes in it, Swiss cheese would be considered the Great Wall of China by comparison.
Which particular speculation do you refer?
As a more general point, I would not underestimate the ability of F1 stakeholders to engage highly complex negotiations -- they do it for breakfast, lunch and dinner.
