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3 May 2012, 11:37 (Ref:3068745) | #776 | |
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3 May 2012, 11:42 (Ref:3068750) | #777 | |
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Without money Henri can not transform the old 01 into a 2012 compliant car
Dome is only interesting in show casing the car at Le Mans. Henri would have to buy the Dome and as you said, he is short on cash. |
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3 May 2012, 12:27 (Ref:3068777) | #778 | |
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true, but if the dome s102.5 let them to score a good amount of points in lmp1 trophy, maybe dome can change his mind. Won't be a bad publicity for dome an overall winning car.
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6 May 2012, 17:01 (Ref:3070280) | #779 | ||
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Oh dear... Henri really doesn't know how to choose his business partners unfortunately.
http://www.emotionautoprestige.com/i...?topic=13808.0 Pescarolo - Luxury dispute to be settled in court. |
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6 May 2012, 17:56 (Ref:3070305) | #780 | |||
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Hvil i Fred Allan. (Rest in Peace Allan) |
6 May 2012, 18:05 (Ref:3070308) | #781 | |
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This is very serious. Apparently the Ferraris and trucks of Luxury have been confiscated by the justice department because of their unpaid bill from Pescarolo!
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6 May 2012, 18:22 (Ref:3070315) | #782 | |||
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Of course an agreement is an agreement, but it will not help the good will towards Pescarolo, if this become a death sentence for Luxury Racing. |
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Hvil i Fred Allan. (Rest in Peace Allan) |
6 May 2012, 19:20 (Ref:3070326) | #783 | |
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i can understand a little of french, more or less i understood the situation, but i have a question: why luxury must to pay pescarolo? they had an agreement that says luxury must to pay a still unprecised amount of money to pescarolo but for what reason?
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6 May 2012, 19:30 (Ref:3070331) | #784 | |
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I read on the EI forum that Luxury was supposed to pay 2 million euro and in return they would get 40% of Pescarolo Sport. At the moment Luxury has only paid 200.000 euro.
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6 May 2012, 19:30 (Ref:3070332) | #785 | ||
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Probably a provision in whatever the two teams signed before Sebring.
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When in doubt? C4. |
6 May 2012, 19:41 (Ref:3070336) | #786 | ||
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usually when A pays B, is because B give to A a service or performance. |
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6 May 2012, 21:20 (Ref:3070378) | #787 | |||
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However i do not see what the big problem is, if this is the deal (which it of course is not). If Luxury can't pay, then they get no share, simple! |
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Hvil i Fred Allan. (Rest in Peace Allan) |
6 May 2012, 21:23 (Ref:3070381) | #788 | |
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The problem is that Stephanie Hoener, the team owner of Luxury, never signed the contract with Henri. Henri seems to suggest that by paying 200 000 euro she implicitly approved the verbal agreement.
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6 May 2012, 21:31 (Ref:3070388) | #789 | |||
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But if Luxury haven't received the any of the 40% shares, then they aren't required to fulfill the agreement!? (I know this is something we might never know, due to secret contract/lawyer stuff) |
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Hvil i Fred Allan. (Rest in Peace Allan) |
6 May 2012, 21:58 (Ref:3070402) | #790 | ||
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Still not convinced the 03 will turn up. |
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6 May 2012, 22:46 (Ref:3070426) | #791 | ||
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I hope this gets resolved. I didnt understand why Luxury was interested in Pescarolo in the first place. |
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6 May 2012, 23:43 (Ref:3070455) | #792 | |||
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So I guess the Luxury Ferraris were confiscated when they returned to France after Spa? |
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Somebody asked if the McLaren F1 was going to be like the Ferrari F40, Gordon Murray replied, "I don't think so, there's no one at McLaren who can weld that badly." |
6 May 2012, 23:51 (Ref:3070459) | #793 | ||
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Here we go again...
I really wish Pescarolo and OAK would have hooked up. |
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7 May 2012, 00:00 (Ref:3070462) | #794 | |
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ok, basicly is what i've thought... however is a strange operation if 40% = 2.000.000 € it means that the 100% = 5.000.000 € in theory. If this person could use 2 million of euros to gain 40% why don't add some more money (+550.000 €) to gain 51% obtaining the control of the team?
ok maybe pescarolo put on sale only the 40% of the team to ensure financial entries but still keeping a good decisional autonomy, but however he "acts" in the role of the seller that extremely need to sell. |
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7 May 2012, 02:31 (Ref:3070472) | #795 | |
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Who knew Luxury racing was a female owned team? Thats awesome to see how good they have become!
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7 May 2012, 05:24 (Ref:3070486) | #796 | ||
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7 May 2012, 08:26 (Ref:3070529) | #797 | ||
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Should have seen that one coming Henri |
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7 May 2012, 09:39 (Ref:3070569) | #798 | ||
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Now more serious... is the Pescarolo 03 participation in Le Mans and the built of the car in jeopardy??? Will the ACO do something about this situation?
Please not an AMR-one part II, pleeeeeeeeeeeease... |
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7 May 2012, 09:54 (Ref:3070575) | #799 | ||
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If what gwyllion said is true, then the participation that's more in jeopardy is more likely to be Luxury Racing's two GT entries.
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When in doubt? C4. |
7 May 2012, 10:03 (Ref:3070579) | #800 | ||
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With no Pescarolo 03, the HPd´s not developed enough, the Lola´s fare behind the pace, Toyota entering the game this year and Audi with no rival, Le mans this year will be boring in LMP1, lets hope LMP2 and GT bring something ( sorry for the off topic)
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