- 14,004
- Adelaide
- Neomone
An interesting theory that I saw on Facebook (that infamous last-bastion of common sense) was that if Sauber do indeed go bust then VdG's backers may buy the team out for a bargain-basement price.
World's most expensive scalextric for the world's most spoilt boy.
I wouldn't rule it out. If the litigation and or settlement with VDG adds up to enough, the team will be unable to function for lack of funds, and will be completely unappealing to any normal investor thinking of bailing it out.
On the other hand, anyone associated with VDG will be happy to take the whole team off their hands for pennies on the dollar knowing that they will be able to get him to waive any monies owed, and therefore return the team to it's "true" worth. The owners of Sauber get away without totally losing everything, VDG and his backers get a functioning F1 team.
It's a very cunning scheme and I read something very similar once in a novel called Cryptonomicon by Neal Stephenson. Antagonist finds legal loophole and sues company for disgusting amount of money, which is merely an excuse for him to accept big chunks of stock of the company in lieu of a payment that the company has no conceivable way of making. From litigation to company ownership in three easy steps.
I'm not sure how doable it is in the real world, but it's the only moderately sensible plan of attack I can see to the whole thing. Otherwise it's just the world's biggest dummy spit.