| Author | Message | ||
     Hughlysses |
I figured this was worth bringing over to the Quickboard. EBR's assets were auctioned for a second time today. Bruce Belfer/Atlantic Metals Group was NOT the successful bidder this time. Here's what Bruce posted to Facebook a couple of hours ago:
I'm sure sorry to see this for Bruce. It'll be VERY interesting to see who the new owner turns out to be. Let the speculation begin! | ||
| Ferris_von_bueller |
ISIS | ||
| Wolfridgerider |
Willie G !! | ||
| Jaimec |
Court Canfield. | ||
| Jwblue |
- Santa Claus Sarcasm intended! - | ||
| Hybridmomentspass |
"Court Canfield." That'd be one of the best people to have it | ||
| Hughlysses |
Looks like we won't find out who bought it until Monday: http://m.jsonline.com/business/new-buyer-coming-fo r-eric-buell-racing-b99632251z1-361495891.html | ||
| D_adams |
And for as long as that guy has been covering EBR related news, you'd think he'd know how to spell the man's name correctly. | ||
| Hughlysses |
I suspect it was not Rick Barrett but somebody working with him; they did go back and correct the spelling in the article later. | ||
| Natexlh1000 |
OK What the actual F? Is this just a game of keep-away now? | ||
| Macbuell |
Seriously, WTF? | ||
| Henshao |
Heh. Ducati... | ||
| Hughlysses |
I'd bet somebody here knows who the new owner is, but they're not saying. | ||
| Henshao |
I bet somebody on here knows who that person is that knows who the new owner is, but they're not saying. Just joshin' ya, Hugh | ||
| Hughlysses |
^ But do you know who knows that knows, because if you know and you don't say, your nose will grow.  | ||
| Tootal |
INBEV! | ||
| Reepicheep |
Seriuosly Tootal? Did you hear that somewhere? | ||
| Malott442 |
Now introducing the EBR, Erik Budweiser Racing..... lol | ||
| Ducbsa |
Maybe the real new owner will reimburse Belfer for the salaries he has been paying. | ||
| Noone1569 |
Hmm Had some interesting conversations last night with a few people that could impact this dramatically. Hopes and prayers! | ||
| Hughlysses |
Ryan, you're a worse tease than Court! Out with it, man! | ||
| Tootal |
Erik Bud Racing! Ha! Inbev seems to be buying everything else! | ||
| Henshao |
It amazes me Polaris remains uninterested, as far as we know. | ||
| Hughlysses |
This likely wasn't unexpected. Erik himself said there might be new buyers at this auction:
Source: http://www.jsonline.com/business/erik-buell-racing -motorcycle-company-deal-hits-a-roadblock-b9961675 4z1-350596331.html | ||
| Noone1569 |
Ok guys, I have some info. A liquidator, Liquid Assets (Bill Melvin - liquidator) was the buyer at $1.6m - they are keeping it quiet waiting for the Judge to approve the sale this Monday in court - they don't want to create opposition to the sale by having employees show up to oppose the liquidation of EBR. Anyone & everyone can speak to the Judge in court - it is a public hearing - if 10 to 20 employees would show up and tell the Judge how this effects them personally it would make a difference to buy more time - especially since there are other buyers interested in keeping the company intact rather than breaking it up - there is no reason why EBR had to be taken to auction so quickly. if the employees can show up and tell the Judge the impact of liquidation on them personally - then ask the Judge for more time to find a buyer that would keep EBR intact ... it would have a significant impact -- especially since the creditors that are owed money are NOT forcing a quick sale of EBR (since they are take a BIG loss on what they are owed). So we can help this. There are people trying to work out a deal to keep it together, just need more time. | ||
| Oddball |
Assuming Noone1569 isn't rick rolling me, How did $1.6m not get outbid by bruce who had bid higher in the first one? | ||
| Noone1569 |
No Rickroll here, very solid source that asks not to be named in this game of chess at the moment. Assets are a bit different than thank the first time. If you read about the drama with hero and time heir assests, then you know there was some change. Due diligence was redone and reevaluated. | ||
| Henshao |
Wow, I was kidding when I said Ducati. A liquidator??? | ||
| Jon |
There may not have been enough left of it the second time around for Bruce to spend the money needed to secure it. Maybe it was more like a good opportunity to get out of it than to keep it. No way to see clear at this point. | ||
| Hughlysses |
This info sure doesn't seem to jive with what Bruce posted after the auction: (emphasis added) |
