Home  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Your Link Here  

Go Back   TenTenths Motorsport Forum > Single Seater Racing > Formula One

Reply
 
Thread Tools Display Modes
Old 11 Jul 2019, 15:05 (Ref:3917021)   #101
crmalcolm
Subscriber
Veteran
 
crmalcolm's Avatar
 
Join Date: Apr 2007
Nepal
Exactly where I need to be.
Posts: 12,292
crmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Famecrmalcolm will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by Richard Casto View Post
I saw a post on another forum, and I have LITTLE faith in the accuracy, but they said William Storey was "fired" last night. Not sure what "fired" would be other than loosing his CEO title. That story could be very wrong today, but might be right in the long term.
This article seems to suggest that Storey was 'fired', and the tweet was a result of his reaction.
crmalcolm is offline  
__________________
"When you’re just too socially awkward for real life, Ten-Tenths welcomes you with open arms. Everyone has me figured out, which makes it super easy for me."
Quote
Old 11 Jul 2019, 16:17 (Ref:3917028)   #102
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,802
Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!
More info from the majority shareholders of Rich Energy...

https://www.motorsport.com/f1/news/r...-haas/4492643/

Interesting quote...

Quote:
Clearly the rogue actions of one individual have caused great embarrassment. We are in the process of legally removing the individual from all executive responsibilities. They may speak for themselves but their views are not those of the company.
Who said F1 is not exciting?



Richard
Richard C is online now  
__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
Quote
Old 11 Jul 2019, 16:27 (Ref:3917029)   #103
peebee2
Veteran
 
Join Date: Dec 2009
Posts: 3,249
peebee2 User had had their licence endorsedpeebee2 User had had their licence endorsed
You really couldn’t make it up - it’s so unbelievable!
peebee2 is online now  
Quote
Old 11 Jul 2019, 16:33 (Ref:3917030)   #104
Akrapovic
Veteran
 
Akrapovic's Avatar
 
Join Date: Mar 2015
Scotland
Posts: 10,912
Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!
Billy Storey is going to be in the local job centre soon.
Akrapovic is online now  
Quote
Old 11 Jul 2019, 17:45 (Ref:3917037)   #105
peebee2
Veteran
 
Join Date: Dec 2009
Posts: 3,249
peebee2 User had had their licence endorsedpeebee2 User had had their licence endorsed
Quote:
Originally Posted by Akrapovic View Post
Billy Storey is going to be in the local job centre soon.
You can just see it!

“What have you been doing since you last signed on two weeks ago Mr Storey?”

“Well, I won the F1 world title 12 years running!”
peebee2 is online now  
Quote
Old 11 Jul 2019, 19:49 (Ref:3917053)   #106
S griffin
Veteran
 
Join Date: Jul 2013
Posts: 18,325
S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!
Rich Energy need to get out of this with some face. They have no choice to me than to get rid of Storey. An embarrassment for all concerned
S griffin is offline  
__________________
He who dares wins!
He who hesitates is lost!
Quote
Old 11 Jul 2019, 20:56 (Ref:3917058)   #107
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,802
Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!
The battle for control continues...

https://twitter.com/rich_energy/stat...85021750464512

Whoever is in control of the Rich Energy twitter account (probably Storey) claims Storey is in charge, that the "palace coup" has failed and that he has the backing of all key shareholders. He also slags Red Bull and Whyte Bikes at the same time.

Will the real "Rich Energy" please stand up!

Just cancel the British GP and place a boxing ring on the start/finish line. Storey will take on all comers!

Richard
Richard C is online now  
__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
Quote
Old 11 Jul 2019, 20:57 (Ref:3917059)   #108
Akrapovic
Veteran
 
Akrapovic's Avatar
 
Join Date: Mar 2015
Scotland
Posts: 10,912
Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!
This is the gift that keeps on giving.
Akrapovic is online now  
Quote
Old 11 Jul 2019, 21:11 (Ref:3917062)   #109
Bcarr6
Veteran
 
Join Date: Nov 2015
Posts: 2,996
Bcarr6 should be qualifying in the top 5 on the gridBcarr6 should be qualifying in the top 5 on the grid
This is possibly becoming more entertaining than the F1 season itself.
Bcarr6 is offline  
Quote
Old 11 Jul 2019, 22:05 (Ref:3917070)   #110
CaptRustyNail
Racer
 
Join Date: Jan 2014
Location:
Cheltenham
Posts: 128
CaptRustyNail should be qualifying in the top 10 on the grid
You think they would have deleted that tweet about terminating their agreement with HAAS but they haven't? Very odd. I suppose it is giving them publicity....
CaptRustyNail is online now  
Quote
Old 12 Jul 2019, 03:03 (Ref:3917080)   #111
Adam43
14th
1% Club
 
Adam43's Avatar
 
Join Date: Jul 2001
European Union
New Orleans
Posts: 42,422
Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!
The person who has access to the twitter account.
Adam43 is offline  
__________________
Seriously not taking motorsport too seriously.
Quote
Old 13 Jul 2019, 10:37 (Ref:3917325)   #112
Bcarr6
Veteran
 
Join Date: Nov 2015
Posts: 2,996
Bcarr6 should be qualifying in the top 5 on the gridBcarr6 should be qualifying in the top 5 on the grid
I wonder if builders could learn anything from this whole thing. Storey could certainly share with them the best approach in digging a deeper and deeper hole.
Bcarr6 is offline  
Quote
Old 13 Jul 2019, 12:57 (Ref:3917339)   #113
Akrapovic
Veteran
 
Akrapovic's Avatar
 
Join Date: Mar 2015
Scotland
Posts: 10,912
Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!Akrapovic is the undisputed Champion of the World!
The car crash continues.

Click image for larger version

Name:	rich.PNG
Views:	40
Size:	428.7 KB
ID:	53480
Akrapovic is online now  
Quote
Old 13 Jul 2019, 13:23 (Ref:3917347)   #114
Adam43
14th
1% Club
 
Adam43's Avatar
 
Join Date: Jul 2001
European Union
New Orleans
Posts: 42,422
Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!Adam43 is the undisputed Champion of the World!
#tiresome #badperson #iwouldimaginetastelikecatwee
Adam43 is offline  
__________________
Seriously not taking motorsport too seriously.
Quote
Old 13 Jul 2019, 13:47 (Ref:3917361)   #115
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,802
Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!Richard C is the undisputed Champion of the World!
This is actually "old" news (yesterday), but figured to fill in the gaps in the story, I might as well post it here...

https://www.motorsport.com/f1/news/w...-case/4493480/

Basically, Rich Energy didn't pay the £35K court fees as directed, so Whyte is looking to go back to the courts to get that money...

Quote:
ATB will now be forced to take appropriate action to recover the costs that they have been awarded. This may include applications to the Court to wind up both Rich Energy and Staxoweb and to petition for the bankruptcy of Mr Storey.
So it looks like Storey is the majority owner. I am curious as to what recourse the minority shareholders have at this point. Is there a corporate malfeasance angle to be worked, or do they just have to sit back and ride this out?

In a recent tweet from Rich Energy...

Quote:
Following a board meeting of Rich Energy Ltd chaired by CEO William Storey and in light of the treacherous conduct of minority stakeholders the exclusive rights to distribute @rich_energy have been transferred to another company. Mr Storey retains complete ownership #RichEnergy
I assume this was to remove control of distribution from an entity that Storey didn't control? Maybe part of the distribution chain was previously run by a minority shareholder?

Richard
Richard C is online now  
__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
Quote
Old 13 Jul 2019, 14:50 (Ref:3917379)   #116
broadrun96
Veteran
 
broadrun96's Avatar
 
Join Date: Mar 2005
United States
Posts: 11,212
broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!broadrun96 is the undisputed Champion of the World!
Well F1 is at least having fun with it and dueling energy drinks
broadrun96 is offline  
Quote
Old 14 Jul 2019, 15:32 (Ref:3917584)   #117
ASCII Man
Veteran
 
Join Date: Oct 2002
Posts: 7,979
ASCII Man should be qualifying in the top 3 on the gridASCII Man should be qualifying in the top 3 on the gridASCII Man should be qualifying in the top 3 on the gridASCII Man should be qualifying in the top 3 on the grid
For a company that has a net worth of -£1,3M they sure do talk a lot of trash.
ASCII Man is offline  
Quote
Old 14 Jul 2019, 15:33 (Ref:3917586)   #118
chillibowl
Veteran
 
chillibowl's Avatar
 
Join Date: Mar 2005
Canada
winnipeg, canada
Posts: 9,718
chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!chillibowl is the undisputed Champion of the World!
Rich at it again this morning.

https://twitter.com/rich_energy/stat...409007104?s=09
chillibowl is online now  
__________________
Home, is where I want to be but I guess I'm already there
I come home, she lifted up her wings guess that this must be the place
Quote
Old 15 Jul 2019, 06:16 (Ref:3917747)   #119
EastonNeston
Veteran
 
Join Date: Jun 2009
Posts: 689
EastonNeston should be qualifying in the top 10 on the grid
Rich energy have also tweeted a letter from the Haas teams legal representatives stating that Haas have given them 14 days to pay the outstanding sponsorship money, or Haas wil consider taking legal action to recover the funds, £35M, due to the team.


From the letter, it seems Rich Energy are in breach of contract, for not paying agreed fnds & for ending the contract before the first "break" date.


This could run for a long time.
EastonNeston is offline  
Quote
Old 15 Jul 2019, 07:39 (Ref:3917756)   #120
P38 in workshop
Veteran
 
Join Date: Feb 2008
Posts: 804
P38 in workshop has a lot of promise if they can keep it on the circuit!
Quote:
Originally Posted by EastonNeston View Post
Rich energy have also tweeted a letter from the Haas teams legal representatives stating that Haas have given them 14 days to pay the outstanding sponsorship money, or Haas wil consider taking legal action to recover the funds, £35M, due to the team.


From the letter, it seems Rich Energy are in breach of contract, for not paying agreed fnds & for ending the contract before the first "break" date.


This could run for a long time.

In my very limited experience with legal representatives it has always been the case that they lose interest quite quickly if it becomes apparent that there is insufficient money present to pay the bill.I have absolutely no doubt that Haas can afford good representation and will be seeking to safeguard their position.
P38 in workshop is offline  
Quote
Old 15 Jul 2019, 09:22 (Ref:3917779)   #121
S griffin
Veteran
 
Join Date: Jul 2013
Posts: 18,325
S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!S griffin is going for a new world record!
I can't blame Haas. They had that agreement in place, now it seems they are not stumping up the money. Amateur sponsors
S griffin is offline  
__________________
He who dares wins!
He who hesitates is lost!
Quote
Old 15 Jul 2019, 09:25 (Ref:3917781)   #122
VIVA GT
Veteran
 
VIVA GT's Avatar
 
Join Date: Apr 2005
England
Leicestershire
Posts: 5,647
VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!VIVA GT is going for a new world record!
I seem to remember a number of people doubting the integrity of Rich Energy/ Mr Storey when the sponsorship was announced. It looks like they were right to do so!
VIVA GT is offline  
__________________
Incognito: An Italian phrase meaning Nice Gearchange!
Quote
Old 15 Jul 2019, 18:28 (Ref:3917883)   #123
midgetman
Veteran
 
midgetman's Avatar
 
Join Date: Jul 2003
Location:
Rural Wiltshire
Posts: 6,778
midgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Famemidgetman will be entering the Motorsport Hall of Fame
And there you have it. Always follow the money.

Sent from my SM-G950F using Tapatalk
midgetman is offline  
__________________
Midgetman - known as Max Tyler to the world. MaxAttaq!
Quote
Old 15 Jul 2019, 18:58 (Ref:3917893)   #124
Anyopenroad
Veteran
 
Anyopenroad's Avatar
 
Join Date: May 2018
England
London
Posts: 1,442
Anyopenroad has a real shot at the championship!Anyopenroad has a real shot at the championship!Anyopenroad has a real shot at the championship!Anyopenroad has a real shot at the championship!Anyopenroad has a real shot at the championship!Anyopenroad has a real shot at the championship!
Haas are absolutely at fault here. Their due diligence obviously wasn't nearly diligent enough. Or (and this is where I'd place my bet) concerns and questions were raised by the people charged with the checks, but they were ignored or over-ruled.
Anyopenroad is offline  
__________________
I like taking pictures of cars going round tracks, through forests and up hills.
Quote
Old 15 Jul 2019, 19:58 (Ref:3917902)   #125
billy bleach
Veteran
 
Join Date: Mar 2005
Ireland
Cork
Posts: 2,418
billy bleach should be qualifying in the top 10 on the gridbilly bleach should be qualifying in the top 10 on the grid
Quote:
Originally Posted by Anyopenroad View Post
Haas are absolutely at fault here. Their due diligence obviously wasn't nearly diligent enough. Or (and this is where I'd place my bet) concerns and questions were raised by the people charged with the checks, but they were ignored or over-ruled.
Interesting that Williams reportedly turned them down...
billy bleach is offline  
Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
FF Festival - Rich Burton spearce Marshals Forum 3 31 Oct 2003 11:55
rich dads and there sons getting a drive in v.8 s BOOSTER Australasian Touring Cars. 19 9 Jun 2003 06:53
My Dad's rich and famous JR Ewing National & International Single Seaters 33 19 Dec 2002 14:14


All times are GMT. The time now is 19:20.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2021 Royalridge Computing. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2021-2022 Grant MacDonald. All Rights Reserved.