Car Racing without Money

Chapter 144: Real F1 Professional Training


On May 6th, three days after the Australian Grand Prix, Chen Xiangbei and his team members boarded a plane from Hong Kong to London, UK.

To be honest, Chen Xiangbei hadn't planned on departing so quickly. After all, deciding to enter F1 meant giving up the Renault European Cup, leaving more time to return home to share the joy of his victory with his mother.

Unfortunately, as the media's influence spread, more and more fans crowded the hotel where Chen Xiangbei was staying, creating some level of inconvenience for his appearances. Perhaps this is the price of fame.

Before leaving Australia, Chen Xiangbei met with Qin Lianjie and Hoshino Yoshi, agreeing to visit Europe someday to watch his performance in the F1 paddock.

Even though Chen Xiangbei was only eligible to run in preliminary races at most, at least he "sneaked" into an F1 Grand Prix weekend. It's good to soak in the atmosphere and experience the excitement.

As the plane took off, looking at the city shrinking outside the porthole, Chen Xiangbei suddenly felt a bit wistful and emotional for some reason.

The things that were unattainable in the previous life now seem within reach in this one.

Motor racing is indeed a stage belonging only to geniuses!

"Xiangbei, Brother Cheng Long and Jiuli Sports' sponsorship money has already been transferred to your bank account via a large transfer."

"According to your contract with the Super Dream Team, Jiuli Sports needs to print the logo on the chest of the racing suit, which means a fifty percent division of the revenue. Brother Cheng Long's sponsorship is personal and currently does not require any advertising promotion."

"However, if you want the 'Long' logo printed on the racing suit, you will also have to pay the Super Dream Team fifty percent of the revenue."

Lu Xiaoman, still "part-timing" as Chen Xiangbei's agent, needed to clarify the financial details with him.

As long as there is a third-party brand logo on Chen Xiangbei's racing suit, it means leveraging the team's promotional influence, so naturally, the corresponding fees must be paid.

Even if the Super Dream Team's brand value may currently be less than Chen Xiangbei's own.

"Brother Cheng Long's 'Long' logo won't be printed for now; the division for Jiuli Sports will be paid as usual."

Chen Xiangbei gave his answer. He was indeed not financially comfortable; five million was no small amount.

But as he said a long time ago, partnerships should be about a win-win situation. Partnerships that don't allow sharing won't last long.

Moreover, Chen Xiangbei still needed the Super Dream Team's support for technical race services. He didn't want to experience another situation like at the Grand Prix where there weren't enough tire changers.

The value of the Super Dream Team's crew far exceeds five million yuan.

As for Brother Cheng Long's lack of urgency for advertising needs, coupled with the ten million sponsorship involving personal friendship, it is fundamentally different from Jiuli Sports' purely commercial behavior.

Chen Xiangbei receiving it himself is completely reasonable.

"OK, we'll do as you said."

Lu Xiaoman nodded without saying much.

After settling the sponsorship distribution, Chen Xiangbei suddenly remembered something and turned to Staler in the back row to ask.

"Staler, how exactly did you convince the Brown GP Team's board?"

Given Chen Xiangbei's current results and status, he was nowhere near the level to negotiate with an F1 team, especially one like the Brown GP Team, which had shown signs of being a championship team after the first two races.

Yet, Staler sorted out the testing arrangements in just one night. Chen Xiangbei was curious about what means the old British gentleman used.

"Agreed to their capital increase and share expansion."

Staler gave a plain response.

"Capital increase and share expansion" is a financial term, simply understood as raising funds from outside to dilute the existing share ratio, expanding shareholding, and increasing capital.

Of course, if existing shareholders have enough money, they can also subscribe to all the newly issued shares to maintain their shareholding ratio.

The Brown GP Team is not a public company and does not need to publicly disclose financial reports, so Chen Xiangbei naturally doesn't know the exact shareholding ratio. He only knows that Ross Brown, Staler, Mercedes, and Honda are four major shareholders of the team, with some small original shareholders forming the board.

"Staler, did you dilute your shares?"

Chen Xiangbei instantly understood the cost of convincing the team board, which was Staler diluting his shareholding in the team.

"Yes."

"Staler, I..."

Upon hearing this, Chen Xiangbei suddenly didn't know what to say.

Staler invested tens of millions of US dollars to complete the acquisition of the former Honda F1 Team, which gave birth to the current Brown GP Team. He is second only to Ross Brown as the team's second-largest shareholder, having significant influence.

If he diluted his shares, it would mean giving up control of the team.

"Xiangbei, actually, it's quite normal. Brown GP has already shown its worth and is destined to attract more capital."

Staler was quite straightforward. With the Brown GP repeatedly winning championships and showcasing dominant championship team characteristics, it was no longer the bankrupt and unwanted Honda F1 Team of the past.

The exposure of a championship-level team will naturally attract capital's attention. Moreover, to ensure the Brown GP Team remains competitive, it requires substantial financial investment for continuous upgrades, making capital increases and share expansions inevitable.

Chen Xiangbei's plan to enter F1 only advanced this timeline a bit.

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