Opinions about AML > AMF121 Sep 2022 14:51
In other companies when times are though it is frowned upon when directors pay out big bonuses to themselves, keep spending on luxury trips etc.
Now I think we can all agree that AML was (and might still be) in a though situation. They really needed the PIF and RI money..
Still, despite their financial situation, they spent 30M a year on the sponsorship of the AMF1 team, privately owned by Stroll.
I am genuinely interested in your opinion on this deal.
- Do you think having the AMF1 sponsorship outweighs the 30M per year costs?
- Should Stroll have given a discount during AMLs difficult times?
- Was this deal already set in stone when Stroll saved AML?
- 30M per year is not that much on their total balance?
- Should this deal never be allowed given the position of Stroll as Executive Chairman and privately owning the receiving party?
- Should AML benefit when Stroll sells the team?
- Any experts on brand exposure here? F1 is big, exposure is big, but the AMF1 performance is not the best.. Does it matter? Still good for the brand?