|
||||||||||
|
||||||||||
23 Apr 2009, 04:19 (Ref:2447520) | #1 | |
Veteran
Join Date: Aug 2002
Posts: 905
|
TKR licence
So getting away from the if they are going to keep going my question is
1 Who are the leading contenders 2 Who are the leading contenders for the Drivers Seat 3 Does the new entity have to show up for Winton. |
|
__________________
If you think education is expensive, try ignorance. |
23 Apr 2009, 04:33 (Ref:2447525) | #2 | ||
Veteran
Join Date: Sep 2003
Posts: 4,373
|
3) As part of the purchase of an REC, you have to ouline many things. One of these things is the date that you can attend.
David John is quoted in the media as saying that he has to turn up at Winton, which clearly frustrates him |
||
__________________
Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. |
23 Apr 2009, 05:16 (Ref:2447530) | #3 | ||
Veteran
Join Date: Dec 2003
Posts: 6,885
|
Quote:
Much of the problem I think on the part of VESA would probably stem from bringing the sport into disrepute with the constant circus going on and bills not being paid. That would be my speculation. I think it's reached a point where it is time to bring it to the end. For one thing there isn't really anything kiwi about it anymore with the current situation. There is really no sponsors and the car, team and driver is all outsourced. |
||
__________________
Wolverines! |
23 Apr 2009, 06:07 (Ref:2447547) | #4 | ||
Veteran
Join Date: Jul 2006
Posts: 4,117
|
but if the sale of the REC was to happen before Winton, surely old TKR wouldn't have to turn up, and new buyers would unless agreed at time of sale that they have x amount of weeks to get sorted?
|
||
|
23 Apr 2009, 09:35 (Ref:2447657) | #5 | ||
Veteran
Join Date: Dec 2006
Posts: 2,193
|
The VESA release was, the REC would be offered to the Teams first, yet in Auto Fiction, April 15-21 , there is an add for the REC, Tenders invited to be recieved by 20 April.
So it could be sold, Board Approval, before Winton who knows? Who gets the money- THe Offical Assignee or the Bankruptee.? Contenders: Mark Petch Fiore's FPR- (who said, not just at the moment) Freddy Blogs from Nar Nar Goon South. Petch Fiore Racing? Anyways, VeSA will get a nice little kick into the tin |
||
|
23 Apr 2009, 10:02 (Ref:2447678) | #6 | ||
Racer
Join Date: Mar 2004
Posts: 424
|
Quote:
Remeber the Faulkner/Kelly sale a few years back, Faulkner ended up with massive fines. Where did the figure of 2mill for a sale come from the brothers neighbours cleaner??????? |
||
|
23 Apr 2009, 10:56 (Ref:2447718) | #7 | ||
Veteran
Join Date: Aug 2004
Posts: 3,532
|
whats changed ... is it a beat up? Who/why?
a legal eagle to the trough
-------------------------------------------------------------------------------- Quote: Originally Posted by GTRMagic The story allegedly goes that because the control of the legal entity housing this team's 2009 Racing Entitlement Contract has recently changed without notifying the VESA board, that the team owner is now allegedly in breach of this contractual arrangement. There are allegedly a number of remedies open to VESA in this circumstance, however the one allegedly chosen sees VESA electing to acting as a sales agent for this 2009 Racing Entitlement Contract, for onsale to alleged fit and proper potential 2009 Racing Entitlement Contract holders. Presumably the discussions have already been had with the Official Assignee regarding the preemptive rights for agency for sale, as per the conditions agreed to in the 2009 Racing Entitlements Contract... such that the alleged sale process shall happen sooner rather than later. The process going forward is to allegedly offer the 2009 Racing Entitlement Contract to the other VESA member teams, and if there are no takers, to offer it to the wider world... allegedly... Either way, the sale price would be given to VESA .... Presuming any of this actually happened Big presumably GTR .... the Official Assignee will be looking at this as an asset to be realised for the creditors regardless of what VESA may want ... lawyers in the far queue !! Last edited by cavvy; 23 Apr 2009 at 10:58. Reason: clarity |
||
__________________
more torque than a climate change conference |
23 Apr 2009, 12:58 (Ref:2447800) | #8 | |||
Race Official
1% Club
Join Date: Dec 2002
Posts: 46,648
|
Quote:
An asset is only an asset if the ultimate holder of that asset (VESA) says title can pass to someone else. In this instance, allegedly of course , the Official Assignee is onboard with the sale of this REC, and presumably sees the involvement of VESA as an aid to improving the speed of the sale, and also being able to assist with the price maximisation process. Sure the Official Assignee could have selected KPMG or Deloitte to sell off the REC... but what knowledge of its worth do they have, what skill in this industry do they have? They can learn, but it will be reflected in their fees... I dont think Mr John has a case.. but we have been proven wrong in the past on technicalities.... |
|||
__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
23 Apr 2009, 21:03 (Ref:2448165) | #9 | |
Veteran
Join Date: Aug 2002
Posts: 905
|
Ok this thread is not about if the License should be sold that can stay in the TKR 2009 thread. My questions are about the future options if others take over the REC.
So who would drive for Petch????????? Whould it be Kayne Scott Who would take the FPR seat????????? |
|
__________________
If you think education is expensive, try ignorance. |
23 Apr 2009, 21:06 (Ref:2448166) | #10 | |
Veteran
Join Date: Dec 2003
Posts: 6,885
|
Actually this thread should be folded into the TKR 2009 thread. No point for a separate thread.
|
|
__________________
Wolverines! |
24 Apr 2009, 04:15 (Ref:2448320) | #11 | ||
Veteran
Join Date: Aug 2002
Posts: 905
|
Quote:
If this would be an oval ball code there would be great hooplar about a new team coming in to the series instead this site and others just seems to retread old arguments pro or anti TKR. So my hopes are for a Petch Stones or Petch PCR team. You don't see many past championship winning team owners coming back to compete and I think Mark has the ability to see the team to success in the coming years. |
||
__________________
If you think education is expensive, try ignorance. |
24 Apr 2009, 04:27 (Ref:2448323) | #12 | |
Racer
Join Date: Dec 2006
Posts: 184
|
My take is that Petch would only be interested if he purchased the TKR brand with the licence, but seemingly they're not available together. Only the licence is for sale. If Petch had of purchased both he would have sold the licence to Fiore who would remain at SCAR and Petch maybe would have taken his TKR brand to SBR and created some VanGizbergen/SBR true TKR tie in. Not sure if true, but thats my guess.
But now I reckon Petch is out of the running and its between Fiore and FPR. IF Fiore wins it he would probably stay at SCAR and if FPR win the tender process then maybe a return of Andrew Thompson |
|
|
24 Apr 2009, 04:56 (Ref:2448329) | #13 | ||
Veteran
Join Date: Dec 2006
Posts: 968
|
Quote:
very astute post I must say. I confirm you are 100 percent right. I can also confirm that I have lodged a formal expression of interest with the Official Assignee, for the purchase of the intellectual Property, ie. the trade mark etc. Unlike some I still believe there is real value in the name TKR, but only if it is attached to a top running Kiwi driver, in an essentially "Kiwi Team". SBR fits that bill as does PCR, although not to the same extent as it once used to when Paul was the principal shareholder. Regards, Mark Petch. |
||
|
24 Apr 2009, 05:14 (Ref:2448334) | #14 | ||
Veteran
Join Date: Dec 2003
Posts: 6,885
|
Quote:
I don't believe DJ is going quietly though, so good luck. |
||
__________________
Wolverines! |
24 Apr 2009, 05:36 (Ref:2448336) | #15 | ||
Veteran
Join Date: May 2001
Posts: 864
|
|||
|
24 Apr 2009, 06:52 (Ref:2448358) | #16 | |
Veteran
Join Date: May 2004
Posts: 16,040
|
maybe you should try doing the hardyards yourself mark, instead of scabbing off someone else
|
|
|
24 Apr 2009, 06:57 (Ref:2448360) | #17 | ||
Race Official
1% Club
Join Date: Dec 2002
Posts: 46,648
|
|||
__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
24 Apr 2009, 07:04 (Ref:2448367) | #18 | ||
Rookie
Join Date: Mar 2009
Posts: 9
|
Quote:
It is not surprising that you say that you see real value in the name TKR as it is quite clear from your previous posts and from those who know you that you have done everything in both your and others power to try and tip TKR over for years now!!! From what i understand Mr John and others have already put in place a number of exciting oppertunities that will see the TKR brand live on for many years to come with or without a involvment in V8 supercars. |
||
|
24 Apr 2009, 07:40 (Ref:2448387) | #19 | |
Veteran
Join Date: May 2004
Posts: 16,040
|
||
|
24 Apr 2009, 07:53 (Ref:2448399) | #20 | |||
Racer
Join Date: May 2007
Posts: 499
|
Quote:
Dj has no respect from anyone, let alone any sponsors that will deal with him, don't fool yourself the TKR brand will die a death. Hopefully he gets his bankruptcy annulled then we can deport him back to his home land to burn the bridges there. |
|||
|
24 Apr 2009, 08:04 (Ref:2448409) | #21 | |||
Veteran
Join Date: Dec 2006
Posts: 2,193
|
Quote:
Life goes on |
|||
|
24 Apr 2009, 08:13 (Ref:2448421) | #22 | |||
Race Official
1% Club
Join Date: Dec 2002
Posts: 46,648
|
Quote:
A brand is only worth what someone is willing to pay for it. Will the TKR brand survive and prosper without V8Supercar? That is an interesting question. 10 years of maintaining a name does not automatically attribute positive brand equity to that name when the last 4 years at least have been such difficult performances. |
|||
__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House |
24 Apr 2009, 08:16 (Ref:2448423) | #23 | ||
Veteran
Join Date: May 2004
Posts: 16,040
|
Quote:
thats called poor ethics |
||
|
24 Apr 2009, 08:31 (Ref:2448431) | #24 | ||
Racer
Join Date: May 2007
Posts: 499
|
|||
|
24 Apr 2009, 08:37 (Ref:2448437) | #25 | |
Rookie
Join Date: Mar 2009
Posts: 9
|
||
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Changes at TKR.. | sov12 | Australasian Touring Cars. | 7 | 19 Dec 2005 08:48 |
TKR... the way forward... | GTRMagic | Australasian Touring Cars. | 75 | 25 Nov 2004 08:33 |
TKR On Pole!!!!!!!!!!!!!!!!!! | nicko | Australasian Touring Cars. | 20 | 25 Jul 2004 15:46 |