DJR Management

GtiMagic · 1 Apr 2014, 16:05 (Ref:3387459)

A friend of my cousins uncles sisters nephew believes theres a new management structure coming for DJR. If the snippets they heard were correct we can expect to see a bit of musical chairs as a result including from within v8 headquarters. Could this be another step towards the DJR and Penske merge? They have Campbell little who is their answer to Matt Nelson. They just need their own Adrian burgess to steer the ship.

peckstar · 1 Apr 2014, 20:57 (Ref:3387563)

bUSINESS AS USUAL

**GTRMagic** · 1 Apr 2014, 21:26 (Ref:3387586)

Quote:

Originally Posted by peckstar

bUSINESS AS USUAL

Except that Mr Johnson is unlikely to be the majority partner and therefore sole decision maker in that operation, despite his name above the door...

eduardo1 · 2 Apr 2014, 02:32 (Ref:3387662)

Quote:

Originally Posted by GtiMagic

A friend of my cousins uncles sisters nephew believes theres a new management structure coming for DJR. If the snippets they heard were correct we can expect to see a bit of musical chairs as a result including from within v8 headquarters. Could this be another step towards the DJR and Penske merge? They have Campbell little who is their answer to Matt Nelson. They just need their own Adrian burgess to steer the ship.

Did they also see Ferris Bueller pass out at 31 Flavours last night?

Skip to 30 seconds if you're really busy

And GT-R, is Mr Johnson still a majority owner of the business?

**GTRMagic** · 2 Apr 2014, 08:55 (Ref:3387749)

Quote:

Originally Posted by eduardo1

Did they also see Ferris Bueller pass out at 31 Flavours last night?

Skip to 30 seconds if you're really busy

And GT-R, is Mr Johnson still a majority owner of the business?

Save Ferris!!

As for the ownership.. in the most recent discussions around the time of the front page Daily Telegraph and A Current Affair reports last year, that Mr Johnson owned 1/3 of the REC & team... the balance with Mr Brabeck and/or another partner.

With the procurement of the 2nd REC this year, you might imagine that percentage of ownership to have diluted further, unless additional equity arrived...

Gaz170 · 5 Apr 2014, 02:58 (Ref:3388862)

I'm still amazed, given the public support for DJR, that they haven't listed on the share market. I'm sure there would be hundreds if not thousands of punters wanting to put up a few grand to be able to say they are a part owner.

Whether the investment would pay is another matter, this would be driven by the heart not the head.

one five five · 5 Apr 2014, 03:41 (Ref:3388872)

Quote:

Originally Posted by Gaz170

I'm still amazed, given the public support for DJR, that they haven't listed on the share market. I'm sure there would be hundreds if not thousands of punters wanting to put up a few grand to be able to say they are a part owner.

Whether the investment would pay is another matter, this would be driven by the heart not the head.

Hasn't the public had shares in DJR since October 5 1980?

GtiMagic · 13 May 2014, 02:04 (Ref:3405681)

Don't know how to merge threads but I wonder if the new job advertised for the technical director at V8 HQ is related to my OT. My maybe not so crazy thinking is that V8 Supercars have been very open about their assistance in trying to get the Penske deal done. They have a guy (Damian White) who is currently in charge of motorsport who obviously understands the business. Maybe as a part of the brokerage dealing between Penkse/DJR/V8 they have offered White to lead DJR/Penske but not until Whites replacement is found (hence the new position).
I'm not a DJR fan, but definitely not anti them either. I think if they were looking to boost their management White would be a good choice.

Backagain · 13 May 2014, 21:45 (Ref:3406024)

Posted by Gti magic:
I think if they were looking to boost their management White would be a good choice.
You surely cannot be serious ??????????????

Tourer · 14 May 2014, 02:38 (Ref:3406080)

Quote:

Originally Posted by GtiMagic

Don't know how to merge threads but I wonder if the new job advertised for the technical director at V8 HQ is related to my OT. My maybe not so crazy thinking is that V8 Supercars have been very open about their assistance in trying to get the Penske deal done. They have a guy (Damian White) who is currently in charge of motorsport who obviously understands the business. Maybe as a part of the brokerage dealing between Penkse/DJR/V8 they have offered White to lead DJR/Penske but not until Whites replacement is found (hence the new position).
I'm not a DJR fan, but definitely not anti them either. I think if they were looking to boost their management White would be a good choice.

Think that you're adding 2+2 and getting the wrong answer there mate.

DJR have just employed Matt Cousins which is a very positive move. When you have Matt & Campbell Little it would be a backward step to go with Damian White (with all due respect to Damian).

Both Campbell and Matt each have way more experience and way more capability than Damian.

**GTRMagic** · 20 May 2014, 23:27 (Ref:3408432)

Junior Declares Bankruptcy

Mixer · 21 May 2014, 00:48 (Ref:3408451)

Jesus christ, how do you lose that much money?

Always maddens me to see people who obviously had some degree of money but got too ambitious or aggressive with their purchases and lost it.

I will get flamed for this but the fruit doesn't fall far from the tree.

Chappelli · 21 May 2014, 01:54 (Ref:3408465)

Quote:

Originally Posted by Mixer

Jesus christ, how do you lose that much money?

That's a very good question... The article talks about Snr's financial woes, which are fairly easy to understand..... But no explanation as to how Jnr ended up in the poo.

Mixer · 21 May 2014, 02:17 (Ref:3408467)

Quote:

Originally Posted by Chappelli

That's a very good question... The article talks about Snr's financial woes, which are fairly easy to understand..... But no explanation as to how Jnr ended up in the poo.

I guess its probably the old thing of spending big while the going is good and not putting anything away. Surprisingly common.

xrystl · 21 May 2014, 02:58 (Ref:3408472)

IMHO Where they built their mansion was a problem as what they built is out of proportion to the area (call it the best house in the worst street) , nice area that it is but most dwellings in that estate are in the $600-850k range , probably find what the place sold for is still way above what the area is worth as it's still an "Upper Coomera" address which is a bit of a stigma here on the Gold Coast unless it's one of the farming properties nestled in the foothills of Tamborine mountain.

Mixer · 21 May 2014, 04:33 (Ref:3408478)

Does seem like a serious case of over-capitalisation.

Racenut · 21 May 2014, 06:34 (Ref:3408489)

Yes but the bank would have loaned money based on a valuation, so it must have stacked up. He would have also had to show that he could afford the repayments, which at the time he probably could. I wonder when his employer stopped paying? must have been a long time ago if Jnr was selling in 2011 (probably to pay the bank).

It takes an awful lot to get to this point. Steve and his wife would have been going through hell. Now the only way is up.

Keep ya head up Steve

mountainstar · 21 May 2014, 14:49 (Ref:3408700)

Quote:

Originally Posted by Mixer

I guess its probably the old thing of spending big while the going is good and not putting anything away. Surprisingly common.

It happens to a lot of racing drivers. Most drivers that make the pros only have a few years of big earning, if at all, but many will adopt that lifestyle without any thought that at some point their career will decline and their earnings fall off of a cliff. I know of a number of former pros here in the USA having to live very humble simple lives because they failed to invest and save their earnings during the few big years they had.

I remember years ago when salaries were listed for V8 Supercar drivers, Jnr. had a salary that was said to be $400K a year. That's not bad, but after taxes and expenses, they should have really been buying a $600-800K house, paying it off fast and living a normal lifestyle rather than trying to be a millionaire they were not.

But as some said the apple doesn't fall far from the tree.

Bell_End · 21 May 2014, 16:30 (Ref:3408746)

I doubt Stevie was actually on that amount mentioned.

Amaroo Park · 7 Jun 2014, 07:04 (Ref:3416459)

When times are tough you stop paying family first

**GTRMagic** · 18 Jun 2014, 05:30 (Ref:3423302)

Interesting to see in AA today, a multi page feature on DJR. A puff piece for all intents and purposes, it outlines the journey of the 2013 & 2014 years, focusing squarely on an inherent rigidity & strength of the organisation.

If you didnt know any better, you might think it was the advertising campaign for the AA-pushed Penske deal... indeed maybe the article was a swapsie for the 'top secret info' that was leaked in their tome.

Interesting too that the story makes no mention of future plans with Penske, nor indeed explaining how the partners in the DJR entity actually come together to make the place tick, and who is ultimately responsible for their activities...

**GTRMagic** · 24 Jun 2014, 23:56 (Ref:3426089)

DJR Waits For Penske

Wonder what Plan 'B' might be if an investment is not forthcoming

Mixer · 25 Jun 2014, 00:34 (Ref:3426101)

Is it really the kind of messaging you want?

I have to admire the stability with DJR since Steve Brabeck became part of it, I have to admit I didn't see it lasting.

They just come off seeming a bit desperate.

**GTRMagic** · 25 Jun 2014, 00:49 (Ref:3426107)

Quote:

Originally Posted by Mixer

Is it really the kind of messaging you want?

I have to admire the stability with DJR since Steve Brabeck became part of it, I have to admit I didn't see it lasting.

They just come off seeming a bit desperate.

Presumably the investment by Mr Brabeck on an ongoing basis for operation, and the securing of a second REC had an end game in mind.

Penske seems to be the end game, if this article is to be taken at face value.

Waiting for an angel investor is not necessarily a sound, repeatable, solid business plan...

kiwi20 · 25 Jun 2014, 02:56 (Ref:3426124)

http://www.nzherald.co.nz/motoring/n...ectid=11280033

Maybe this could be a back up plan....