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Old 13 Nov 2015, 21:25 (Ref:3590245)   #31
Mark Petch
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Mark Petch should be qualifying in the top 10 on the grid
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Originally Posted by Axeman444 View Post
But it is McLaughlin Snr who owes the $$, not McLaughlin Jnr, and as such supporters of McLaughlin Jnr who wouldn't know anything different may then take a different view of McLaughlin Jnr

Correct Axeman, the name of the Company Scott Mclaughlin Racing is simply a name that suited his father Wayne at that time, as it intimated to all and sundry that you are dealing in some way with Scott the talented son.

To my knowledge the debt to SBR is a very real debt, and in excess of A$50K, the debt to V8 Supertourers 2013 Limited is recorded in the Court documents at NZ$50K. The A$90K debt to MPC was written off due to the cost of trying to recover the monies and some fancy footwork by Wayne to counter claim for a higher amount etc.

I don't buy that Scott has any obligations to pay the debt on behalf of his father, who at all times in my dealing with the man, acted in his own capacity, and at no time did I ever see Scott's signature on any of the documentation.
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Old 13 Nov 2015, 23:53 (Ref:3590257)   #32
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Thank you Mark for providing the facts behind the issues. As always your comments are relevant, factual and well informed.

I don't have any issue with Scott, as you say he bears no personal liability if he isn't involved as an officer of the company.

His father needs to redress his business ethics, this sort of thing denigrates his son by mere association and leaves people with mixed emotions about his achievements. That is not fair on Scott who appears to be a bright, talented and personable young man. Oh and he is freakin' fast. I wish him every success in his career and believe he will do well under his present team principal who I think will keep him grounded and in touch
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Old 14 Nov 2015, 00:05 (Ref:3590260)   #33
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Just Do It! should be qualifying in the top 5 on the gridJust Do It! should be qualifying in the top 5 on the gridJust Do It! should be qualifying in the top 5 on the grid
Considering the payout from Toll, it would seem relatively easy to square these away.

Although, didn't that result in a court case too??
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Old 14 Nov 2015, 01:37 (Ref:3590270)   #34
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So dad Wayne signed an agreement for Scott to drive a car for Ross Stone Racing. Scott got all the benefit but dad Wayne got all the cost/liability.

Dad Wayne is in debt as a result but son Scott wont help him out for the benefit he received

Sort of like when J Bright family put there house into mortgage to fund J Brights career, When J Bright hit it big he helped his parents get out of the debt they went through

Quality son, compared to an A Hole son
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Old 14 Nov 2015, 01:50 (Ref:3590273)   #35
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Mixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the grid
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So dad Wayne signed an agreement for Scott to drive a car for Ross Stone Racing. Scott got all the benefit but dad Wayne got all the cost/liability.
This is my point, this is legally correct but morally bereft.
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Old 14 Nov 2015, 08:40 (Ref:3590304)   #36
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[QUOTE=Mark Petch;3590245]

To my knowledge the debt to SBR is a very real debt, and in excess of A$50K, the debt to V8 Supertourers 2013 Limited is recorded in the Court documents at NZ$50K. The A$90K debt to MPC was written off due to the cost of trying to recover the monies and some fancy footwork by Wayne to counter claim for a higher amount etc.

QUOTE]

Would you be suggesting that the man has the ability to hide in the shadow of a corkscrew Mark?
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Old 15 Nov 2015, 04:32 (Ref:3590532)   #37
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Lots of nice toys in the garage as seen on RPM this afternoon

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Old 15 Nov 2015, 05:00 (Ref:3590535)   #38
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Yep, just saw that and thought of the timing and the irony. Plenty of liquid assets to draw upon if he chose to man up and do the right thing.

What's it going to be Wayne? Man or mouse.

Look after the people who looked after you -first rule of business!
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Old 15 Nov 2015, 06:55 (Ref:3590547)   #39
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rich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the gridrich07 should be qualifying in the top 3 on the grid
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Lots of nice toys in the garage as seen on RPM this afternoon


I saw that too. Raises a few questions. I had the sound muted as I watching Super GT at Motegi. How many of those are his cars? Whose garage is that? Seems to be a lot for someone at the start of their pro career versus someone who'd been doing that for some years-if that indeed was his shed.
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Old 15 Nov 2015, 07:06 (Ref:3590550)   #40
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Was at Scott's parents house as I understood it. Toys are supposedly daddy's - bought with the money not given to those that supported his son's racing career most likely.

The issue is that lack of funds clearly not the issue, more a case of choosing not to settle up debts. Note - if there are/were genuine reasons to dispute a legal claim (ie that of SBR) then there is an appropriate process through the courts to do so. Simply putting the company into liquidation to avoid it is not the 'right' way to handle such matters. Its cheaper to liquidate a company than defend a legal claim.

Had a "happy family" photo at the end of the story - nice touch.
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Old 15 Nov 2015, 07:16 (Ref:3590552)   #41
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Mixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the gridMixer should be qualifying in the top 3 on the grid
I'm a bit suspicious of the timing.
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Old 15 Nov 2015, 09:14 (Ref:3590564)   #42
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^^^^ Indeed.
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Old 15 Nov 2015, 19:54 (Ref:3590675)   #43
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Correct Axeman, the name of the Company Scott Mclaughlin Racing is simply a name that suited his father Wayne at that time, as it intimated to all and sundry that you are dealing in some way with Scott the talented son.

To my knowledge the debt to SBR is a very real debt, and in excess of A$50K, the debt to V8 Supertourers 2013 Limited is recorded in the Court documents at NZ$50K. The A$90K debt to MPC was written off due to the cost of trying to recover the monies and some fancy footwork by Wayne to counter claim for a higher amount etc.

I don't buy that Scott has any obligations to pay the debt on behalf of his father, who at all times in my dealing with the man, acted in his own capacity, and at no time did I ever see Scott's signature on any of the documentation.
As I suspected, management acting on behalf of the client, supposedly in there best interests.

Not going to defend Wayne here, but I know all too many characters who operate in the same manner to avoid paying debts. All too common and annoying. I can say the same about a few drivers, and they're the bloody same, they'll milk everything dry for their benefit, but they never seem to reciprocate in return.

Lets just hope that fruit has fallen far enough from the tree that Scott himself doesn't pull anything like this in future himself.
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Old 16 Nov 2015, 01:53 (Ref:3590729)   #44
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Casper should be qualifying in the top 10 on the gridCasper should be qualifying in the top 10 on the grid
The morals of some people in this sport has never ceased to amaze me and I have been involved in it for many decades. From karts to F1, there has always been an element of ripping people off and getting away with it.
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Old 17 Nov 2015, 16:06 (Ref:3591062)   #45
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Scott is lucky his drive is sorted for next year, but if he was seat hunting, many sponsors would give him a wide berth while this is unsettled.

Ultimately its doing more damage to his clean cut boy wonder image that his dad's.
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