Mat Coch (@matcoch) header
Mat Coch (@matcoch) profile picture

Mat Coch

@matcoch

https://nitter.gq/t.co/1SHQScaG5j Editor. Explaining the politics, finance and commercial machinery of F1.

 Australia
planetf1.com
Joined March 2009
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Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)Photo by Mat Coch (@matcoch)
George Russell was excused of his media duties by Mercedes, which copped a €5000 fine for allowing him to leave the circuit without completing his mandatory interviews. A tough weekend and result for George, no doubt, but really poor form on his part. #F1
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The team which has achieved something monumental. Sure, it was with Antonelli, but he should be proud of what he has been part of. Piastri celebrated with Norris last year... Regardless of if he had permission or not, he looks petulant and a sore loser because of it. #F1
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Could be fun on Sunday! #F1
PlanetF1.com (@Planet_F1) profile picturePlanetF1.com
@Planet_F1Sep 30
A weather update from Sepang 👀🌧️
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Alpine says it well. The vitriol that follows Franco Colapinto has to stop. It's not helping him, in fact it's probably damaging his career prospects. Passion is great, but show your support positively and constructively, not with hate. #F1 @AlpineF1Team
Image from Mat Coch (@matcoch)
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The Azerbaijan GP was a disaster for Alpine with potentially significant financial implications. Not only is there the cost of repairing two cars, but there's possibly far greater ramifications because of the lost points. #F1
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Had Gasly and Colapinto finished 6th and 7th, they'd have scored 14 points. That would have potentially put Alpine just 1pt away from Racing Bulls for fifth on the constructors' championship. That's worth around $12 million extra in prize money. #F1
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Alpine doesn't desperately need that income, but it's naturally better to have it than not- it's $12m the commercial team doesn't need to find, or Renault/Otro have to tip in, or $12m it simply has to go without. A simple mistake with potentially huge consequences. #F1
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Fascinating to see how the company has been structured and its value gradually released. All without giving up control. #F1
Thomas Maher (@thomasmaheronf1) profile pictureThomas Maher
@thomasmaheronf1Sep 1
Our PlanetF1 reveal last week that Woody Johnson is to take a stake in Aston Martin had @matcoch poring through company documentation, and there's some eye-opening stuff! #F1 planetf1.com/news/adrian-new…
Investigation uncovers Adrian Newey Aston Martin ownership details

Investigation uncovers Adrian Newey Aston Martin ownership details

Full details of Adrian Newey’s ownership stake in the Aston Martin Formula 1 team have finally come to light.

planetf1.com
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Adrian Newey holds a 4.7% stake in Aston Martin, but there are conditions attached. I dug into company documents and can reveal the full details on his investment in the Silverstone squad. #F1 1/3
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Newey's holding is a bit different to most. He doesn't hold the shares on paper, and is only eligible to them beyond March 2030. The shares have no extra rights meaning they're effectively just a strong medium-term financial incentive. #F1 2/3
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Full details, including one or two surprising revelations about Andy Powell, are in my full article here: planetf1.com/news/adrian-new… #F1 3/3
Investigation uncovers Adrian Newey Aston Martin ownership details

Investigation uncovers Adrian Newey Aston Martin ownership details

Full details of Adrian Newey’s ownership stake in the Aston Martin Formula 1 team have finally come to light.

planetf1.com
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Major news at Aston Martin with American billionaire Woody Johnson buying a stake, valuing the team at $3.5 billion. Johnson's slice understood in the region of $525 million. Stroll and his investors saved/bought Force India (now Aston) for $117 million in August 2018... #F1 1/3
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The value of F1 teams continues to rise driven by scarcity and a more robust financial model (prize money payments, cost cap, etc) making them lucrative investment vehicles. Buy in is rising but there's still plenty of room for growth. #F1 2/3
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The owner-operator model, where the team principal owned the team (and it often carried his name) is fast being left behind in favour of corporate investors and hedge funds. The financial transformation in recent years has been extraordinary. #F1 3/3
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In the Liberty Media Q2 earnings call, Stefano Domenicali said a German GP return 'definitely will happen'. This follows recent comments about potential interest in the event's return, at a time when F1 is seemingly in the market for a potential season finale. #F1 1/3
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Domenicali qualified his comments by saying there's a lot to be done and there's nothing imminent but it is a key market, citing the presence of Mercedes and Audi. "I think Germany wants us to think in the medium term if they can come back into the calendar," he said. #F1 2/3
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F1 has a maximum of 24 slots on the calendar, a lot of those are filled for the medium term. That scarcity is important as it drives up the asking price with a FOMO premium. Be great to see a traditional venue return over a soulless new addition. #F1 3/3
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F1's latest financials make for difficult reading. Revenue down $462m in Q2 alone, operating income down 75% in the same period. There is a huge element of Bahrain and Saudi Arabian GP cancellations in there, but that's not the complete picture. #F1 1/4
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Fewer races means fewer opportunities for secondary revenue streams - VIP hospitality, logistics, etc. Some costs also don't scale. FOM has invested in staff and IT systems, driving up some costs YoY. Bahrain will be offset in Q4 with Sepang. #F1 3/4
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While Q2 numbers aren't great reading after a record-setting Q1 result, they make sense and aren't disastrous. They reflect the cost of running an event-based business with interests in the Middle East. Real question now is the impact of Qatar and AD being cancelled... #F1 4/4
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