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1 Dec 2008, 02:53 (Ref:2344601)
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#1 | ||
 Race Official1% Club
Join Date: Dec 2002
Posts: 46,695
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Prodrive Sells Stake....
... who said they werent for sale?? Here
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__________________
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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods 
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1 Dec 2008, 03:00 (Ref:2344605)
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#2 | ||
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Veteran
Join Date: Aug 2003
Posts: 570
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Hmm maybe a sign of the times with the global credit problems, and the the opportunity was there for Richards to recieve some nice christmas bonus.
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FORD, FIRST ON RACE DAY !!!! SBR - 2003, 2004, 2005 Champions !
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1 Dec 2008, 04:09 (Ref:2344625)
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#3 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,695
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Makes This Press Release look a little rubbery huh
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__________________
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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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1 Dec 2008, 04:17 (Ref:2344626)
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#4 | |
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Veteran
Join Date: Jul 2006
Posts: 1,069
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'Not for sale' seems to mean 'for sale at the right price'.
It also seems to generate more interest in the 'not for sale' business; ideal for prospective 'buyers'. |
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1 Dec 2008, 04:21 (Ref:2344627)
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#5 | ||
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Racer
Join Date: Apr 2008
Posts: 436
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Quote:
The press release was about Prodrive flogging FPR, not about Prodrive itself. Different entities, though the news of recent days would make it natural to wonder where it was going.... |
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david5: Just because something is popular, doesn't mean it's right, look at blowflies eating horse **** for instance.
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1 Dec 2008, 04:42 (Ref:2344634)
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#6 | ||
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Rookie
Join Date: Feb 2006
Posts: 28
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How do you equate selling an equity stake in Prodrive UK to selling FPR? I took the press release to be an answer to someone suggesting that he might be selling FPR in Australia. But then, never let the facts get in the way of a good story.
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1 Dec 2008, 04:53 (Ref:2344636)
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#7 | |
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Racer
Join Date: Dec 2008
Posts: 188
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I wouldn't read too much in to this. Surely this new investor just replaces Apax Partners who sold out of Prodrive last year?
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1 Dec 2008, 07:50 (Ref:2344696)
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#8 | |
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Veteran
Join Date: May 2004
Posts: 16,040
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its difficult to understand how an accounting put 1 and 1 together and comes up with "negative" 3
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1 Dec 2008, 08:14 (Ref:2344704)
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#9 | ||
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Veteran
Join Date: Dec 2006
Posts: 2,193
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How does , getting investors into a business, become selling the business?
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1 Dec 2008, 08:35 (Ref:2344724)
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#10 | ||
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Veteran
Join Date: May 2001
Posts: 10,040
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Richards sold 49% of Prodrive circa-2000 (who he sold it to escapes me at the moment), just before he bought the WRC TV rights.
A few years ago he subsequently bought that 49% back. Now seemingly has sold some of it off again. |
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"The Great Race" 22 November 1960 - 21 July 1999
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1 Dec 2008, 08:38 (Ref:2344727)
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#11 | |||
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Join Date: Dec 2006
Posts: 2,193
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Quote:
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1 Dec 2008, 09:00 (Ref:2344752)
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#12 | ||
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Racer
Join Date: Dec 2008
Posts: 188
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Quote:
They sold out of Prodrive at the same time they (and Richards) sold out of the WRC in 2007. |
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1 Dec 2008, 10:47 (Ref:2344804)
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#13 | ||
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Veteran
Join Date: Nov 2003
Posts: 605
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What have Prodrive sold a stake in tho all I read was that David Richards sold a stake in Prodrive?
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__________________
What's this for anyway?
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1 Dec 2008, 10:54 (Ref:2344814)
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#14 | |
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Veteran
Join Date: May 2004
Posts: 16,040
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they have sold a stake in the ownership of prodrive.
without a full understanding we cant draw any conclusions but it seems like they have raised funds to research hybrid motors etc |
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2 Dec 2008, 10:16 (Ref:2345534)
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#15 | ||
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Veteran
Join Date: Dec 2006
Posts: 2,193
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So , they have an invester come on board, alternate energy sytems, I still cannot see how this means, FPR is for Sale. Maybe the talcum powder is of poor quality
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2 Dec 2008, 10:52 (Ref:2345566)
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#16 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,695
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Nothing wrong with the talcum powder.
The prodrive sale discussion is interesting... along the lines of "yes we are for sale... but not to you" There was a serious approach (allegedly..) to buy FPR outright... just as there was an alleged serious approach (Oh what a feeling...) to buy FPV's parent outright... both rejected it seems... as interesting as it is... Sorry for not totally connecting the dots... 
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__________________
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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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2 Dec 2008, 11:49 (Ref:2345610)
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#17 | ||
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Veteran
Join Date: Nov 2003
Posts: 605
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Wow what a newsflash Prodrive said FPR wasn't for sale & then didn't sell it.
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__________________
What's this for anyway?
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2 Dec 2008, 11:58 (Ref:2345616)
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#18 | |||
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Veteran
Join Date: Dec 2006
Posts: 2,193
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Quote:
I would also have a sunset clause just in case |
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3 Dec 2008, 02:50 (Ref:2346056)
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#19 | ||
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Veteran
Join Date: May 2004
Posts: 2,540
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Which parent of FPV?
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3 Dec 2008, 07:43 (Ref:2346118)
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#20 | ||
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Veteran
Join Date: Aug 2004
Posts: 3,532
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Tata ?
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__________________
more torque than a climate change conference
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16 Dec 2008, 22:55 (Ref:2356475)
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#21 | ||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,695
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__________________
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, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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17 Dec 2008, 13:59 (Ref:2356814)
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#22 | |||
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Veteran
Join Date: Dec 2006
Posts: 2,193
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Quote:
better than going into clause 11 bankruptcy |
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17 Dec 2008, 14:09 (Ref:2356816)
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#23 | ||
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Racer
Join Date: Dec 2008
Posts: 188
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Quote:
Things like this have a way of leaking out, so to think that someone was selling the team admitting that they were losing their most high profile contract without it being made public is to delve in to the make-believe. |
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18 Dec 2008, 12:20 (Ref:2357610)
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#24 | |||
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Veteran
Join Date: Feb 1999
Posts: 2,725
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Quote:
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__________________
Mark Alan Jones Opinionated Human My opinions only have the power you give them
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19 Dec 2008, 22:09 (Ref:2358536)
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#25 | ||
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Rookie
Join Date: Dec 2007
Posts: 72
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He he he
Davo Richards and his incredibly (un) successful prodrive operation are going to take over HondaF1 with Arab cash. So they can come last with even more money on board Just like FPR. When will Frosty wake up and smell the coffee, and get the feck out of Dodge? |
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