MSNZ & TMC - 'Wheels start to come off'

[RogerH]

Well, at least a couple of wheels have fallen off ...........

MSNZ issued a letter on Friday stating that "... Motorsport Promotions Limited, due to financial difficulties, is to cease trading ..." the company "... is not in a position where it can continue to incur further debt ...".

Poor Brian Lawrence's position as NZV8 Category Manager and Marketing Manger was terminated even though he was owed a considerable amount. MSNZ have ignored the contract with Brian because it was prepared (and apparently agreed) but not signed - seems a bit shoddy and possibly not supported by legal precedent. He had been requested to return his Toyota supplied car.

Looks like this is the end of TMC/MPL - if only MSNZ had listened to the concerns of member clubs over the last few years they would not be in this position that is going to reflect poorly on the sport and no doubt cost member clubs and competitors in the pocket.

[nistfan]

Originally Posted by RogerH

Well, at least a couple of wheels have fallen off ...........

MSNZ issued a letter on Friday stating that "... Motorsport Promotions Limited, due to financial difficulties, is to cease trading ..." the company "... is not in a position where it can continue to incur further debt ...".

Poor Brian Lawrence's position as NZV8 Category Manager and Marketing Manger was terminated even though he was owed a considerable amount. MSNZ have ignored the contract with Brian because it was prepared (and apparently agreed) but not signed - seems a bit shoddy and possibly not supported by legal precedent. He had been requested to return his Toyota supplied car.

Looks like this is the end of TMC/MPL - if only MSNZ had listened to the concerns of member clubs over the last few years they would not be in this position that is going to reflect poorly on the sport and no doubt cost member clubs and competitors in the pocket.

I guess the line of Creditors will be starting to form, hope its not to long..

[KRDG]

Originally Posted by nistfan

I guess the line of Creditors will be starting to form, hope its not to long..

and they in turn will take the legal avenue of restitution from the directors of the failed entities.

The directors have done no more or less than many of the finance company directors who are now at HM's pleasure in Jail for their mis-deeds motivated by personal greed.

TMC and the Hampton Down apartment purchase and then sale to an associate should start the ball rolling ........... so to speak.

If the Directors (and resigned Directors) of the various associated entities think they are just going to be left alone after all this bad behavior and losses they have another thing coming. It’s been brewing for a long time just as Roger H reminds us….

Many will be there to see them sent down.

[nistfan]

Originally Posted by KRDG

and they in turn will take the legal avenue of restitution from the directors of the failed entities.

The directors have done no more or less than many of the finance company directors who are now at HM's pleasure in Jail for their mis-deeds motivated by personal greed.

TMC and the Hampton Down apartment purchase and then sale to an associate should start the ball rolling ........... so to speak.

If the Directors (and resigned Directors) of the various associated entities think they are just going to be left alone after all this bad behavior and losses they have another thing coming. It’s been brewing for a long time just as Roger H reminds us….

Many will be there to see them sent down.

Looking forward to the next few weeks Posts already. Can't wait until some of this Stuff gets out into the mainstream, from what I hear its going to get very messy real soon

[pukekoheracer]

Originally Posted by KRDG

and they in turn will take the legal avenue of restitution from the directors of the failed entities.

The directors have done no more or less than many of the finance company directors who are now at HM's pleasure in Jail for their mis-deeds motivated by personal greed.

TMC and the Hampton Down apartment purchase and then sale to an associate should start the ball rolling ........... so to speak.

If the Directors (and resigned Directors) of the various associated entities think they are just going to be left alone after all this bad behavior and losses they have another thing coming. It’s been brewing for a long time just as Roger H reminds us….

Many will be there to see them sent down.

That must be the reason Springhill correction was built so close to Hampton downs in the first place

Just in case

[Mr Revhead]

Can someone who actually knows the facts please post up what they have legally done wrong? Not rumours, not opinion just pure plain legal facts please.

[Jerico]

Originally Posted by Mr Revhead

Can someone who actually knows the facts please post up what they have legally done wrong? Not rumours, not opinion just pure plain legal facts please.

I think you mean illegally Rev.

If you really want to know then I would suggest you talk nicely to Roger H, as he seems to know a lot about the subject your referring too. Then he might tell you, then he might not, but at least your dealing with someone who is a straight shooter and does not talk bull****.

[nistfan]

Originally Posted by Mr Revhead

Can someone who actually knows the facts please post up what they have legally done wrong? Not rumours, not opinion just pure plain legal facts please.

I guess that will come out over time

and not for Forum gossop

[Mr Revhead]

Just wondering as there are lots on here making accusations of wrong doing, but no one saying what, which I find odd.
I personally know nothing about it and was hoping to learn something.

[CDM]

Originally Posted by RogerH

Well, at least a couple of wheels have fallen off ...........

MSNZ issued a letter on Friday stating that "... Motorsport Promotions Limited, due to financial difficulties, is to cease trading ..." the company "... is not in a position where it can continue to incur further debt ...".

So where is this said letter? Who was it sent to?
I just cant find anything about it anywhere but your post....

[Southern Man]

Why don't we all give this nonsense a miss until some facts are established and take the time to celebrate the efforts of Mitch Evans GP3 Champion for 2012.


I for one look forward to watching Mitch achieve more International success in the future.

[MS Fan]

Well said SM lets celebrate something positive in NZ Motorsport

[nistfan]

Originally Posted by Southern Man

Why don't we all give this nonsense a miss until some facts are established and take the time to celebrate the efforts of Mitch Evans GP3 Champion for 2012.


I for one look forward to watching Mitch achieve more International success in the future.

I see Giltrap was just about to get the Cheque book out.

Great stuff Mitch

[nistfan]

Originally Posted by CDM

So where is this said letter? Who was it sent to?
I just cant find anything about it anywhere but your post....

I am pretty sure you will find thats its true

[ilovenzv8s]

Originally Posted by RogerH

Well, at least a couple of wheels have fallen off ...........

MSNZ issued a letter on Friday stating that "... Motorsport Promotions Limited, due to financial difficulties, is to cease trading ..." the company "... is not in a position where it can continue to incur further debt ...".

Poor Brian Lawrence's position as NZV8 Category Manager and Marketing Manger was terminated even though he was owed a considerable amount. MSNZ have ignored the contract with Brian because it was prepared (and apparently agreed) but not signed - seems a bit shoddy and possibly not supported by legal precedent. He had been requested to return his Toyota supplied car.

Looks like this is the end of TMC/MPL - if only MSNZ had listened to the concerns of member clubs over the last few years they would not be in this position that is going to reflect poorly on the sport and no doubt cost member clubs and competitors in the pocket.

What does this all mean for our NZV8s.
Also with regards to Brian Lawrence it makes no difference if he has a signed contract or not. The fact he has been paid is intent and that is all that is needed for him to go to the employment tribunal and more then likely walk away with a tidy sum of money. What is concerning that it is against the law to have someone working for you on a full time basis without an employment contract.

[KRDG]

Originally Posted by ilovenzv8s

What does this all mean for our NZV8s.
Also with regards to Brian Lawrence it makes no difference if he has a signed contract or not. The fact he has been paid is intent and that is all that is needed for him to go to the employment tribunal and more then likely walk away with a tidy sum of money. What is concerning that it is against the law to have someone working for you on a full time basis without an employment contract.

The average corner dairy was run better than TMC/MPL ever ran.

The Lawrence contract issue is yet more evidence of the company’s total unprofessional approach to nearly everything except perhaps buying a coffee truck for use as the staff (mobile) cafe.

Bet they did the research on how to make sure that worked well.

Suppose it will be sold cheap to one of the associates before the receivers move in………

[Vanishing Point]

Originally Posted by KRDG

The average corner dairy was run better than TMC/MPL ever ran.

The Lawrence contract issue is yet more evidence of the company’s total unprofessional approach to nearly everything except perhaps buying a coffee truck for use as the staff (mobile) cafe.

Bet they did the research on how to make sure that worked well.

Suppose it will be sold cheap to one of the associates before the receivers move in………

You would think with the speculation surrounding MPL, MSNZ would move quickly to inform everybody of the facts, but what have we heard, nothing. They have a responsibility to inform the Fans, Teams, Sponsors and Drivers as to what the hell is going on. MSNZ are completely inept at looking after Motorsport in NZ, get rid if them, they are f........ useless.

[Vanishing Point]

Originally Posted by Vanishing Point

You would think with the speculation surrounding MPL, MSNZ would move quickly to inform everybody of the facts, but what have we heard, nothing. They have a responsibility to inform the Fans, Teams, Sponsors and Drivers as to what the hell is going on. MSNZ are completely inept at looking after Motorsport in NZ, get rid if them, they are f........ useless.

Carrying on from my last Post... Let's name some names.. Harris, Budd, Dovey, Fawlke, Tulloch, to name but a few...shame on you... Take some responsibility and just do what 's right...

[Bus Driver]

Originally Posted by Vanishing Point

Carrying on from my last Post... Let's name some names.. Harris, Budd, Dovey, Fawlke, Tulloch, to name but a few...shame on you... Take some responsibility and just do what 's right...

With all your skills, knowledge and ability to sort things out quickly quite obviously you will be putting your name forward for election to the MSNZ executive next year. I look forward to you carrrying the sport foward into the future

[Mr Revhead]

While your at it, why don't you fill is in on the details of the wrong doings

[Racer Mike]

Originally Posted by Mr Revhead

While your at it, why don't you fill is in on the details of the wrong doings

It appears Rev that the wrong doing that led to Brian Laurence's departure was of the directors of TMC/MPL employing staff when they had no money to pay the them, continuing to pay current staff when there was no money, continuing to spend money when there was no money, telling TV3 to air and film their series when there was no money and as a result a new staff member who relocated from another country to take on this job is owed 25k. Now MSNZ who should of controlled these 3 thugs has had to do the dirty work and will now surely pay the price as this will head to legal. Ive seen the letter and its all correct and abrupt saying that MPL has financial difficulties and must cease to trade. At least MSNZ are now taking some responsibility of their majority shareholding of MPL, shame that couldn't of happened earlier then Brian Laurence and a bunch of other creditors which include TV3 for 100k or so would not of been in this position. It seems Mr Fine could be in the firing line here as when this does go legal the court will here that the directors are responsible for running an insolvent company along with many many more worms coming out of the can!

I also here that Mr Budd and Wayne Christie are running the summer series to help support clubs. Give it up you guys and focus on on righting the ship. If you had of used your brain last week Brian Laurence could of been running the series for you while you piloted the ship but you cant help your selves.

[nistfan]

Originally Posted by Racer Mike

It appears Rev that the wrong doing that led to Brian Laurence's departure was of the directors of TMC/MPL employing staff when they had no money to pay the them, continuing to pay current staff when there was no money, continuing to spend money when there was no money, telling TV3 to air and film their series when there was no money and as a result a new staff member who relocated from another country to take on this job is owed 25k. Now MSNZ who should of controlled these 3 thugs has had to do the dirty work and will now surely pay the price as this will head to legal. Ive seen the letter and its all correct and abrupt saying that MPL has financial difficulties and must cease to trade. At least MSNZ are now taking some responsibility of their majority shareholding of MPL, shame that couldn't of happened earlier then Brian Laurence and a bunch of other creditors which include TV3 for 100k or so would not of been in this position. It seems Mr Fine could be in the firing line here as when this does go legal the court will here that the directors are responsible for running an insolvent company along with many many more worms coming out of the can!

I also here that Mr Budd and Wayne Christie are running the summer series to help support clubs. Give it up you guys and focus on on righting the ship. If you had of used your brain last week Brian Laurence could of been running the series for you while you piloted the ship but you cant help your selves.

Well said Racer Mike.

Its going to get pretty ugly pretty soon

[RogerH]

Originally Posted by Bus Driver

With all your skills, knowledge and ability to sort things out quickly quite obviously you will be putting your name forward for election to the MSNZ executive next year. I look forward to you carrrying the sport foward into the future

This is the sort of response that really gets me cross - it is trotted out at MSNZ Conference almost every time someone criticises the status quo and is usually combined with labelling the objectors as stirrers.

The people on the Executive put themselves forward for election and if you listen to their electioneering blurbs they all said they were the person we should elect because they had the credentials and ability to do the job.

You don't need to be an official of MSNZ to care about the sport and have input on what is happening (or not happening). Many of us contribute to the sport through club roles and other voluntary motor sport positions.

It is often the case that you can have more effect sitting outside the structure rather than being part of it and out voted every time you raise a contentious issue.

[promax]

Originally Posted by Southern Man

Why don't we all give this nonsense a miss until some facts are established and take the time to celebrate the efforts of Mitch Evans GP3 Champion for 2012.


I for one look forward to watching Mitch achieve more International success in the future.

damn it was like watching last year's RWC final again! greeeat result! well done Mitch!

[Sommersby]

Originally Posted by promax

damn it was like watching last year's RWC final again! greeeat result! well done Mitch!

Hear hear!