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15 Feb 2005, 09:44
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#1
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Racer
Join Date: Jan 2003
Posts: 292
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why did larry sell his franchises
Maybe I missed something, but why did Larry sell his Franchises to WPS?
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15 Feb 2005, 09:53
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#2
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Veteran
Join Date: Nov 2004
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Simon McNamaras egg farm. |
Posts: 1,384
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3 million good reasons.
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15 Feb 2005, 09:56
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#3
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Veteran
Join Date: Feb 1999
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Brisbane, Queensland, Australia |
Posts: 2,727
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Billy: I do not believe that to be the case. It has been widely commented on covering a number of reasons in these fora. You would do well to jump into one of the other threads which has already examined this topic at length, rather than cover the same old ground.
Again.
Last edited by Falcadore; 15 Feb 2005 at 09:58.
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__________________
Mark Alan Jones
Opinionated Human
My opinions only have the power you give them
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15 Feb 2005, 10:03
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#4
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Veteran
Join Date: Nov 2004
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Simon McNamaras egg farm. |
Posts: 1,384
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Quote:
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Originally Posted by Falcadore
Billy: I do not believe that to be the case. It has been widely commented on covering a number of reasons in these fora. You would do well to jump into one of the other threads which has already examined this topic at length, rather than cover the same old ground.
Again.
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I just answered the Mans question, why dont you go moderate somewhere else.
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15 Feb 2005, 10:13
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#5
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Veteran
Join Date: Feb 1999
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Brisbane, Queensland, Australia |
Posts: 2,727
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Touchy.
Billy: I do not believe that to be the case.
Naughty: It has been widely commented on covering a number of reasons in these fora. You would do well to jump into one of the other threads which has already examined this topic at length, rather than cover the same old ground.
Again.
Does that make you happier?
It's not my job to moderate here, as you so eloquantly suggested, but the topic has been done to death already.
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__________________
Mark Alan Jones
Opinionated Human
My opinions only have the power you give them
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15 Feb 2005, 10:22
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#6
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Veteran
Join Date: Sep 2003
Posts: 3,934
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Quote:
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Originally Posted by billy bigtime
3 million good reasons.
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2.5 million good reasons would be closer to the mark, Billy....or about half what Larry "thought" the franchises were worth when they had "thought tax" and "Larry tax" added to them  
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__________________
The voices inside my head may not be real, but some of their ideas are absolutely brilliant!!!
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15 Feb 2005, 10:26
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#7
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Veteran
Join Date: Nov 2004
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Simon McNamaras egg farm. |
Posts: 1,384
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Quote:
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Originally Posted by Falcadore
Touchy.
Billy: I do not believe that to be the case.
Naughty: It has been widely commented on covering a number of reasons in these fora. You would do well to jump into one of the other threads which has already examined this topic at length, rather than cover the same old ground.
Again.
Does that make you happier?
It's not my job to moderate here, as you so eloquantly suggested, but the topic has been done to death already.
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I didn't start the Topic, don't shoot the mail man. 
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15 Feb 2005, 10:29
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#8
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 Race Official 1% Club
Join Date: Dec 2002
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In the infamous "Powder Room" |
Posts: 32,650
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Imagine.... if you will...
Divorce pending...
Own an asset that cost $2k, but is worth $3m... own a business with assets worth, ironically, around $3m..
Trouble & strife entitled to a cut....
Do I sell the income producing business... that has been my past for 20 years, and my future for 20 more...
... or do I sell something that may not be worth more than I can sell it for today... that cost me very little...
... and allows my business to survive... and my liabilities to be washed away...
If any of this actually happened of course....
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__________________
"Once you get in the right frame of mind, I think anything’s possible. I think we get, we so often get caught in this state of negativity and it’s a, it’s a poison like nothing else" - Pat Solatano Jr, Silver Linings Playbook
Excelsior...
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15 Feb 2005, 10:30
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#9
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Racer
Join Date: Jan 2003
Posts: 292
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Dont blame me, all i did was ask a question in a discussion forum.... isnt that what your meant to do?
I had looked back through the discussions and I couldnt find any reason (other than the money) as to why larry would do it. surely he needs them to gain entry into the races.
thanks GTR
Last edited by naughtymutt; 15 Feb 2005 at 10:30.
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15 Feb 2005, 10:44
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#10
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Veteran
Join Date: Nov 2004
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Simon McNamaras egg farm. |
Posts: 1,384
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Quote:
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Originally Posted by GTRMagic
Imagine.... if you will...
Divorce pending...
Own an asset that cost $2k, but is worth $3m... own a business with assets worth, ironically, around $3m..
Trouble & strife entitled to a cut....
Do I sell the income producing business... that has been my past for 20 years, and my future for 20 more...
... or do I sell something that may not be worth more than I can sell it for today... that cost me very little...
... and allows my business to survive... and my liabilities to be washed away...
If any of this actually happened of course....
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I think your spot on GTR. Now the CGT would be around.....
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15 Feb 2005, 11:26
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#11
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Veteran
Join Date: Feb 2003
Posts: 1,252
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Quote:
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Originally Posted by GTRMagic
... or do I sell something that may not be worth more than I can sell it for today... that cost me very little...
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But isn't it a grave risk to sell your L1 entry slots and therefore rely on the Franchise Police to guarantee you access to some "lower level" positions on the grid?
Would he really have risked not getting a Castrol car on the grid for '05?
Is his engineering business so good that he could have walked away from CPR??
What would happen to Richo and Dumbrell?
Maybe the L2's were in fact "promised" to him by the Franchise Nazi?
Did they have ownership of them to make promises anyway?
Still sooo many questions...
Sorry Falc but I still can't find the answers on here...
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__________________
The Punters Annual Beer Fest. Indy 2002, Clipsal 2003, Winton 2004, Paperclip 2005, Darwin 2006, Oran Park 2007, Phillip Island 2008, Sandown 2009, Townsville 2010, Symmons Plains 2011. Eastern Creek 2012. This year we're off to Winton again.......
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15 Feb 2005, 12:49
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#12
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Veteran
Join Date: Nov 2003
Posts: 501
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Home priority is higher than business priority.
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__________________
"It was dry for the second go-around. Grice, nervous, worrying about his Bathurst jinx, ran 2:25.9. The amazing Brock, using every last centimetre of bitumen, yet keeping the car straight and balanced and at full noise, came back with a staggering 2:20.0 as if to say: "Match that". And people just shook their heads, bit their lips and wondered who would be second".
RIP Peter Brock. 1945-2006
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15 Feb 2005, 23:32
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#13
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Racer
Join Date: Feb 2005
Posts: 190
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it always comes own to the money.....I reckon Larry would have his first dollar
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16 Feb 2005, 00:04
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#14
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Racer
Join Date: Jan 2004
Posts: 333
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Because he was offered $3million for something he originally got for free.
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16 Feb 2005, 00:52
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#15
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Racer
Join Date: Feb 2004
Posts: 449
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IF TEGA gets the grid down to 32, then all 32 will be required at all events.
IF all 32 licenses were required at all events (as opposed to the current 80% requirement for L2) then L2 would have to become at least equivalent to L1...
Wouldn't it be better to own L2 than L1 in this fictitious scenario?
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