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 2 Jul 2019, 17:23 (Ref:3915526)   #76
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
Details of Haas sponsorship is to be detailed per court order...

https://www.autosport.com/f1/news/14...s-deal-details

Richard
Richard C is offline  
__________________
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 3 Jul 2019, 22:10 (Ref:3915761)   #77
JeremySmith
Veteran
 
JeremySmith's Avatar
 
Join Date: Sep 2000
United Kingdom
Austin Texas
Posts: 11,402
JeremySmith is going for a new world record!JeremySmith is going for a new world record!JeremySmith is going for a new world record!JeremySmith is going for a new world record!JeremySmith is going for a new world record!JeremySmith is going for a new world record!
The whole Rich Energy thing is rather bizarre and has been from the get go hasn't it ...
JeremySmith is offline  
Quote
Old 10 Jul 2019, 17:01 (Ref:3916888)   #78
gsmith2424
Veteran
 
gsmith2424's Avatar
 
Join Date: Oct 2003
United States
Maiden, North Carolina
Posts: 537
gsmith2424 should be qualifying in the top 10 on the grid
Well if this tweet is right, Rich is out of F1:

https://twitter.com/rich_energy/stat...94221686370304
gsmith2424 is offline  
__________________
Axer is the name and axing is my game.
"Don't Beg For Things, Do It Yourself, Or Else You Won't Get Anything"
NCR/CCR SCCA F&C Pro Races Flagged: 2015 Rolex 24 & PLM; 2016 Rolex 24
Quote
Old 10 Jul 2019, 17:26 (Ref:3916891)   #79
chillibowl
Veteran
 
chillibowl's Avatar
 
Join Date: Mar 2005
Canada
winnipeg, canada
Posts: 9,716
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!
wow, that is a fairly mean spirited and ridiculous tweet.
chillibowl is offline  
__________________
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 10 Jul 2019, 17:30 (Ref:3916892)   #80
Akrapovic
Veteran
 
Akrapovic's Avatar
 
Join Date: Mar 2015
Scotland
Posts: 10,911
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!
Bog standard for Rich.

Let's be honest. A cheque bounced, or Haas finally hired a lawyer who looked at Rich and said "You need to drop them, like, now" and Rich are just getting on social media first because they think that's how things work - being first and loud on social media makes you right...and not a c**t. This is just "You can't fire me, because I quit", but as presented by a 4 year old.
Akrapovic is offline  
Quote
Old 10 Jul 2019, 17:53 (Ref:3916894)   #81
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
Quote:
Originally Posted by Akrapovic View Post
Bog standard for Rich.

Let's be honest. A cheque bounced, or Haas finally hired a lawyer who looked at Rich and said "You need to drop them, like, now" and Rich are just getting on social media first because they think that's how things work - being first and loud on social media makes you right...and not a c**t. This is just "You can't fire me, because I quit", but as presented by a 4 year old.
well put!
Bcarr6 is offline  
Quote
Old 10 Jul 2019, 18:17 (Ref:3916896)   #82
Greem
Veteran
 
Greem's Avatar
 
Join Date: Jul 2009
United Kingdom
Posts: 5,067
Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!Greem is the undisputed Champion of the World!
I'd reply to their tweet with some comment about due diligence, but I know it'll just get spray-painted gold and presented as their work in years to come so... not today
Greem is online now  
Quote
Old 10 Jul 2019, 18:34 (Ref:3916900)   #83
broadrun96
Veteran
 
broadrun96's Avatar
 
Join Date: Mar 2005
United States
Posts: 11,208
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!
Quote:
Originally Posted by gsmith2424 View Post
Well if this tweet is right, Rich is out of F1:

https://twitter.com/rich_energy/stat...94221686370304
Just more fuel to the bankruptcy fire as Haas sues the pants off of him later. Sadly he'll pop back up in a few years with some other idiots thinking they'll get rich on his great ideas.

My first comment on the Haas FB page was after they signed Rich Energy and was purely the dear god really? As was many of the other comments, think they cost themselves more than it was worth to have them on the car.

I hope FOM/LM/the rest of the field allows and helps the team return to the grey livery and wipe all of the "Rich Energy"Lotus like livery off the car.
broadrun96 is offline  
Quote
Old 10 Jul 2019, 18:37 (Ref:3916901)   #84
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
Quote:
Originally Posted by chillibowl View Post
wow, that is a fairly mean spirited and ridiculous tweet.
Agree. They could have exited with class. Who would want to partner with them in the future? I can't imagine anyone given how they have slagged everyone now including F1 and Haas.

Quote:
Originally Posted by Akrapovic View Post
Bog standard for Rich.

Let's be honest. A cheque bounced, or Haas finally hired a lawyer who looked at Rich and said "You need to drop them, like, now" and Rich are just getting on social media first because they think that's how things work - being first and loud on social media makes you right...and not a c**t. This is just "You can't fire me, because I quit", but as presented by a 4 year old.
Totally agree.

As I read the tweet (and before I read your response) I felt there was more to this. That Haas has likely found a way to get out of the relationship and that Rich Energy has quickly gone to social media for the... You can't fire me, I quit!

If it hasn't happened yet, I expect we will see a more professional and classy communication from Haas that the relationship is over. Maybe... (if I was them) some slight, but not overt, dig at Rich Energy.

In the end... Didn't everyone call this. Crash and burn.

Richard
Richard C is offline  
__________________
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 10 Jul 2019, 18:43 (Ref:3916903)   #85
broadrun96
Veteran
 
broadrun96's Avatar
 
Join Date: Mar 2005
United States
Posts: 11,208
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!
Chris Medlund was speculating it could be a way for Rich Energy to not disclose the terms of the sponsorship as required by the court or head off an announcement from Haas regarding termination of any Rich Energy branding on the cars. But I would guess the court decision would be effective date of announcement and as they were still on the car at the time
broadrun96 is offline  
Quote
Old 10 Jul 2019, 19:02 (Ref:3916907)   #86
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
Quote:
Originally Posted by broadrun96 View Post
Chris Medlund was speculating it could be a way for Rich Energy to not disclose the terms of the sponsorship as required by the court or head off an announcement from Haas regarding termination of any Rich Energy branding on the cars. But I would guess the court decision would be effective date of announcement and as they were still on the car at the time
I am not an attorney, but I assume that the sponsorship agreement (and amount spent) is all about the calculation of potential damages for Whyte Bikes. So, yeah, I would assume that them terminating the sponsorship (regardless of who pulled the trigger) does not erase what happened before.

The entire story may get juicer in the very near future.

Richard
Richard C is offline  
__________________
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 10 Jul 2019, 19:10 (Ref:3916909)   #87
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
If I was Haas... I would work a one race (low or no cost) deal with Whyte Bikes for Silverstone. Maybe the deal for Haas would be to clear them of any claims against Rich (and Haas) by Whyte.



Richard
Richard C is offline  
__________________
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 10 Jul 2019, 19:14 (Ref:3916911)   #88
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 hope Rich Energy get what they deserve. The way they’ve behaved has been nothing short of petulant and really Haas deserve better than that
S griffin is offline  
__________________
He who dares wins!
He who hesitates is lost!
Quote
Old 10 Jul 2019, 19:15 (Ref:3916912)   #89
steve nielsen
Veteran
 
steve nielsen's Avatar
 
Join Date: Mar 2000
Netherlands
Rotterdam- Holland
Posts: 4,413
steve nielsen should be qualifying in the top 10 on the grid
Quote:
Originally Posted by Richard Casto View Post
Agree. They could have exited with class.
They never had class, their comments about wanting to beat Red Bull(on the track and in sales) were ridiculous from the start
steve nielsen is offline  
Quote
Old 10 Jul 2019, 20:09 (Ref:3916920)   #90
chillibowl
Veteran
 
chillibowl's Avatar
 
Join Date: Mar 2005
Canada
winnipeg, canada
Posts: 9,716
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!
Quote:
Originally Posted by Greem View Post
I'd reply to their tweet with some comment about due diligence, but I know it'll just get spray-painted gold and presented as their work in years to come so... not today
haha.

the twitter comments to this are pretty funny though. this very much seems to be one of those very rare cases of the F1 fan base coming together to make fun of rich energy.

social media shaming has brought us all closer together!

Quote:
Originally Posted by Richard Casto View Post
If I was Haas... I would work a one race (low or no cost) deal with Whyte Bikes for Silverstone. Maybe the deal for Haas would be to clear them of any claims against Rich (and Haas) by Whyte.



Richard
right. have some fun with it and get some new merch out there. i'm feeling a need to buy a tshirt that makes fun of these rich energy clowns.
chillibowl is offline  
__________________
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 10 Jul 2019, 23:45 (Ref:3916932)   #91
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!
Quote:
Originally Posted by Richard Casto View Post
They could have exited with class.
They couldn’t because as Steve says

Quote:
Originally Posted by steve nielsen View Post
They never had class...
Adam43 is offline  
__________________
Seriously not taking motorsport too seriously.
Quote
Old 11 Jul 2019, 01:29 (Ref:3916942)   #92
GTRMagic
Race Official
1% Club
 
GTRMagic's Avatar
 
Join Date: Dec 2002
Australia
Sell me this pen....
Posts: 46,570
GTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of FameGTRMagic will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by S griffin View Post
I hope Rich Energy get what they deserve. The way they’ve behaved has been nothing short of petulant and really Haas deserve better than that
Do they though?

Its all very well to think you have hooked up with the next Dietrich Mateschitz but surely due diligence is still the responsibility of the team, before a single dollar/euro/pound is banked.

It may be seen to reflect poorly on Haas to have this happen.. and if they had any commercial sponsors on the car other than Haas Automation Inc, those sponsors may feel maligned by association with the Rich Energy lawsuit and rebrand and now withdrawal.

Question though... all those cans with the logo on them for sale on eBay, will the merchandise with the logo, without the logo, and without the brand, as an evolution, be worth something as a boxed set of 3...
GTRMagic is offline  
__________________
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
Quote
Old 11 Jul 2019, 07:30 (Ref:3916971)   #93
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!
It was unrealistic that Rich Energy expected them to beat Red Bull straight away. F1 doesn't work like that. They were obviously in F1 for the wrong reasons. You can see why Dietrich is in F1 for the right reasons, why else would he have stuck with the midfield Sauber for so long?
S griffin is offline  
__________________
He who dares wins!
He who hesitates is lost!
Quote
Old 11 Jul 2019, 09:52 (Ref:3916976)   #94
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!
According to Autosport, Rich Energy's investors are trying to salvage the Haas F1 team deal and say that the tweet either written or authorised by William Storey was done so without their knowledge.
Here is a link to the story, I don't know if it is behind a paywall, I subscribe: https://www.autosport.com/f1/news/14...vage-haas-deal
VIVA GT is online now  
__________________
Incognito: An Italian phrase meaning Nice Gearchange!
Quote
Old 11 Jul 2019, 10:23 (Ref:3916984)   #95
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!
Well they could just be saying to protect their brand, but either way it doesn’t do any favours for anybody
S griffin is offline  
__________________
He who dares wins!
He who hesitates is lost!
Quote
Old 11 Jul 2019, 10:50 (Ref:3916988)   #96
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
Quote:
Originally Posted by VIVA GT View Post
According to Autosport, Rich Energy's investors are trying to salvage the Haas F1 team deal and say that the tweet either written or authorised by William Storey was done so without their knowledge.
Here is a link to the story, I don't know if it is behind a paywall, I subscribe: https://www.autosport.com/f1/news/14...vage-haas-deal
Interesting. I had thought that Storey was the majority shareholder. In that while he may have gone about it the wrong way, or without consulting the other shareholders, in the end, he would get his way. But... if a majority can be built without him... power struggle at Rich Energy!

Richard
Richard C is offline  
__________________
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, 11:07 (Ref:3916990)   #97
crmalcolm
Subscriber
Veteran
 
crmalcolm's Avatar
 
Join Date: Apr 2007
Nepal
Exactly where I need to be.
Posts: 12,291
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 S griffin View Post
Well they could just be saying to protect their brand, but either way it doesn’t do any favours for anybody
The best way for the other shareholders to protect their brand is to wave bye to Storey.

Storey:'We terminated them. Unfortunate but logical decision in light of events. Haas [are] nice people but the car is going backwards. We are a superior product to Red Bull. A milkfloat at back of grid a disaster for us. End of.'

Steiner: 'Rich Energy is currently the title partner of Haas F1 team. I cannot comment further on the contractual relationship between our two parties due to commercial confidentiality.'

If Rich Energy want lessons on how to troll effectively, they should read some reviews by 'Vijay' on Amazon:

'This promised so much - I thought Rich Energy would give me enough power that I could travel back to India, drive around in a fancy Mercedes powered car and beat Red Bull. Sadly, Rich Energy was full of artificial ingredients that left a bad taste in my mouth - which a cursory look at the details would have told me in advance. Instead we were headed straight to the scene of the accident. Fortunately I have many BWT Vida Water Filter Jug, White, 2.6 Litre to remove the bad taste.'

'I was at a party and recommended this to my friend Claire as a mixer, as she was running low on Martini. Initially it looked good, but the taste was not good and there was a really funny smell - so she was totally left in the lurch and had nothing to offer her guests Robert & Esteban.
However, if you are American and more easy going, or perhaps you aren't too bothered about how it smells or things like due diligence then this is probably the energy drink for you.'
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, 12:16 (Ref:3916999)   #98
tux
Veteran
 
Join Date: Jan 2006
United Kingdom
United Kingdom
Posts: 4,857
tux should be qualifying in the top 3 on the gridtux should be qualifying in the top 3 on the gridtux should be qualifying in the top 3 on the grid
What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.
tux is offline  
Quote
Old 11 Jul 2019, 13:13 (Ref:3917011)   #99
Mike Harte
Veteran
 
Mike Harte's Avatar
 
Join Date: Oct 2011
United Kingdom
W. Yorkshire
Posts: 5,468
Mike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of FameMike Harte will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by tux View Post
What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.

I would hazard a guess that the team would be taking legal advice about a contract that exists between Haas and Rich Energy, and will be considering ways that the contract can be honoured/enforced. I would further assume that Rich Energy have not yet completed making the payments that would be due in accordance with the contract between the two parties.
Mike Harte is offline  
Quote
Old 11 Jul 2019, 14:20 (Ref:3917017)   #100
Richard C
Veteran
 
Richard C's Avatar
 
Join Date: Sep 2009
Posts: 5,798
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!
Quote:
Originally Posted by tux View Post
What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.
First, I have been curious as I just don't think I have seen Gene Haas around much this season. Guenther has been the face of the team. Not that I see a problem with that, but it seems like Gene was more visible previously. I don't think anything weird is going on, but more likely Gene is just letting Guenther get on with it.

Quote:
Originally Posted by Mike Harte View Post
I would hazard a guess that the team would be taking legal advice about a contract that exists between Haas and Rich Energy, and will be considering ways that the contract can be honoured/enforced. I would further assume that Rich Energy have not yet completed making the payments that would be due in accordance with the contract between the two parties.
I expect you are very correct. Who knows how the contract is written, but I can imagine that Haas is looking to position itself so that any financial damage is felt by Rich Energy and not Haas. Haas is running a playbook as defined by their attorneys. William Storey is making it up on the fly. Rich Energy shareholders are in damage control mode.

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.

Assuming he is significant shareholder (but not majority), I can imagine recent (current Haas drama) and past (Whyte logo) issues may result in him getting sidelined by the board, but still involved somehow. That someone else may end up running the company day to day. Or at a minimum his ability to issue press releases, social media, etc. are taken away from him. He may be the visionary and "face" of the company, but he very much a loose cannon that is wreaking havoc on the deck.

Richard
Richard C is offline  
__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
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 10:28.


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.