Results 1 to 9 of 9
Thread: Need answers
-
25th February 2008, 08:34 #1
- Join Date
- May 2002
- Location
- Minsk, Belarus
- Posts
- 4,772
- Like
- 24
- Liked 49 Times in 43 Posts
Need answers
I'm trying to make sense of all that's happened. Can anybody answer a couple of key questions?
How's that merger/unification/amalgamation different from a hostile takeover if what we get is essentially IRL product (races, cars) and not much is left from CCWS?
What did KK and GF get in return for signing the papers, if anything?
Who runs the new series in terms of ownership and decisionmaking?
I understand, the emotions are still flying high, but what I need is facts or at least sober opinions. I'd imagine there are other people who would love to get the answers to these questions as well.Llibertat
-
25th February 2008, 09:11 #2
- Join Date
- May 2006
- Posts
- 141
- Like
- 0
- Liked 0 Times in 0 Posts
I suggest you go to indycar.com and under the news section read the two or three articles there. the second one after the done deal announcement is most enlighting.
The IRL swallowd it all.
You will get the IndyCar series product and decission maker(s).
As for what KK and the gang got for this deal: we will probably never know that.
-
25th February 2008, 09:14 #3
- Join Date
- Oct 2002
- Location
- England
- Posts
- 1,217
- Like
- 0
- Liked 0 Times in 0 Posts
How's that merger/unification/amalgamation different from a hostile takeover if what we get is essentially IRL product (races, cars) and not much is left from CCWS?
What did KK and GF get in return for signing the papers, if anything?
Who runs the new series in terms of ownership and decisionmaking?
-
25th February 2008, 09:49 #4
- Join Date
- May 2002
- Location
- Minsk, Belarus
- Posts
- 4,772
- Like
- 24
- Liked 49 Times in 43 Posts
Okay, the way I see it now is KK decided he's spent enough money on CCWS and it was time to call it quits. Questionable from the ethical point of view, but who cares about ethics in racing these days?
What I'm really surprised about is why he negotiated the deal on such bad terms? I mean the business situation was pretty bad for CCWS, but no worse than in any of previous five years. He still had teams, cars, the engine maker, races and a pretty successful Sebring test. He had already covered most of the startup costs and some of the poorer teams like Conquest found themselves sponsors. On the other hand IRL fared no better. He could have negotiated something much better. Was it just an emotional decision? I wonder how the .... the guy became a billionaire if he's so bad at running business?Llibertat
-
25th February 2008, 13:13 #5
- Join Date
- Aug 2004
- Posts
- 462
- Like
- 0
- Liked 0 Times in 0 Posts
I'm curious about this, too. I guess KK and GF couldn't find anymore investors willing to pour money into what appeared to be a losing cause. Which is too bad for us CCWS fans...
-
25th February 2008, 13:53 #6
- Join Date
- Oct 2005
- Posts
- 495
- Like
- 0
- Liked 0 Times in 0 Posts
Originally Posted by Rudy Tamasz
-
25th February 2008, 14:53 #7
- Join Date
- May 2002
- Location
- Minsk, Belarus
- Posts
- 4,772
- Like
- 24
- Liked 49 Times in 43 Posts
Originally Posted by heelntoe
Instead it looks as if there a couple in relationship. They broke up and spent twelve years apart and everybody wanted them to be back together but it wouldn't work for many reasons. Then all of a sudden one of them has an emotional moment/gets drunk/runs out of money/loses patience and decides it's time to make up and kiss. The other takes the advantage and screws the first one to the maximum. Come the morning, everybody goes, 'Gees! We wanted it, but not this way!'Llibertat
-
25th February 2008, 14:55 #8
- Join Date
- Mar 2002
- Location
- On Chesapeake Bay.
- Posts
- 4,299
- Like
- 0
- Liked 1 Time in 1 Post
KK was the beneficiary of good timing with JDSU. From what little I've actually read about him, I wouldn't necessarily call him a good businessman, just a rich one. Look at a lot of the fabulously wealthy that have made fortunes being at the head of failing companies at the right time or being a so called turn around expert that leave a company very wealthy after a failed turn around, or simply managing to arrange a buyout and a biy payoff. In the end, it is ALWAYS the little man that gets screwed for the big man's mistakes. He is not my favorite kind of people in this world.
HINCHTOWN!!
-
25th February 2008, 15:21 #9
- Join Date
- May 2002
- Location
- Minsk, Belarus
- Posts
- 4,772
- Like
- 24
- Liked 49 Times in 43 Posts
Speaking of buyouts, we can compare KK to a certain Chris Pook. Everybody criticised his management at the moment, but he accomplished his task and transferred Champ Car to new owners. That's a different approach from what we see now.
Llibertat
"Pavlos Athanassoulas, the event director of the Acropolis Rally Greece, told Cosmote TV in an interview that all three manufacturers agreed that the current classification period should be respected...
WRC main class in 2025