Rich Energy drop Haas. No...Really. Seriously...

Rich Energy drop Haas. No...Really. Seriously...

Author
Discussion

silentbrown

7,416 posts

96 months

Tuesday 19th July
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skwdenyer said:
They’re still selling some product on AMZ https://www.amazon.co.uk/dp/B094DHHZ99?ref_=cm_sw_...

…and according to the reviews the date issue is real!

Frogmella

58 posts

70 months

Tuesday 19th July
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Ahh, someone mentioned about it not being there.


One day curiosity will get the better of me and I am going to regret my decisions.

ajprice

23,329 posts

176 months

Wednesday 20th July
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Yesterday.

https://twitter.com/rich_energy/status/15493237250...



Some nice replies to that one hehe

Big Nanas

1,019 posts

64 months

Wednesday 20th July
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This has just been posted in the 'Biker' forum:


HorneyMX5

5,101 posts

130 months

Wednesday 20th July
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I’m more confused than ever. So Story’s Rich Energy own the trade mark, by Rich OMG own the drinks company?

Speed Badger

2,018 posts

97 months

Wednesday 20th July
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My brain is coming out of my ear.

So how does this work, Rich Energy say, 'hello we will give you 2 million quid to sponsor your team.' Team say 'ok.'

2 million quid never turns up, Rich Energy throw a fit saying the team is crap and pull out.

Who the hell is William Storey, I mean he's either a CEO of Rich Energy or he's in charge of Jack st.

I don't have the capacity in my brain any more!

PhilAsia

1,340 posts

55 months

Wednesday 20th July
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I am inclined to think it is all a con, and have been for some time (edit: well, at least in the last few {5?} weeks, when I have become aware of the sh8tfest company). Moving goal posts become more difficult to explain the further down the road, and I feel we are at that joyous stage...

Edited by PhilAsia on Wednesday 20th July 16:17

Megaflow

8,184 posts

205 months

Wednesday 20th July
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Big Nanas said:
This has just been posted in the 'Biker' forum:

WTAF is that supposed to mean?

DanielSan

17,995 posts

147 months

Wednesday 20th July
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Megaflow said:
WTAF is that supposed to mean?
There's a similar deal in V8 Supercars for Team Sydney last year and Permiair this season. Their car has Coca Cola branding on it but they're sponsored by the Australian distributor who are using the car to promote the product rather than being sponsored by the Coca Cola company.

This will be a similar deal but sponsored by a distribution company that has nothing to distribute other than gold stickers and some cash with an unknown source.

LucyP

1,103 posts

39 months

Wednesday 20th July
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Rich OMG Ltd who the team racing in BSB say are their sponsor, are therefore effectively themselves, because Rich OMG Ltd. only has one director, Alan Lowe, and the racing team is basically Alan Lowe and Alan Gardner.

Megaflow

8,184 posts

205 months

Wednesday 20th July
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DanielSan said:
Megaflow said:
WTAF is that supposed to mean?
There's a similar deal in V8 Supercars for Team Sydney last year and Permiair this season. Their car has Coca Cola branding on it but they're sponsored by the Australian distributor who are using the car to promote the product rather than being sponsored by the Coca Cola company.

This will be a similar deal but sponsored by a distribution company that has nothing to distribute other than gold stickers and some cash with an unknown source.
Ah, ok. Thank you.

In other news the tramp has twitted this:

Yes, of course you did…

Steamer

13,206 posts

193 months

Wednesday 20th July
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Megaflow said:
DanielSan said:
Megaflow said:
WTAF is that supposed to mean?
There's a similar deal in V8 Supercars for Team Sydney last year and Permiair this season. Their car has Coca Cola branding on it but they're sponsored by the Australian distributor who are using the car to promote the product rather than being sponsored by the Coca Cola company.

This will be a similar deal but sponsored by a distribution company that has nothing to distribute other than gold stickers and some cash with an unknown source.
Ah, ok. Thank you.

In other news the tramp has twitted this:

Yes, of course you did…
I'm not sure which is more believable... do you really think he had a Rich Energy?... I've heard a few people have found one idea

Ouroboros

2,247 posts

19 months

Wednesday 20th July
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Someone needs to map this out,

silentbrown

7,416 posts

96 months

Wednesday 20th July
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LucyP said:
Rich OMG Ltd who the team racing in BSB say are their sponsor, are therefore effectively themselves, because Rich OMG Ltd. only has one director, Alan Lowe, and the racing team is basically Alan Lowe and Alan Gardner.
Racing team seems to be is OMG Racing Ltd, sole director A Lowe
Sponsor/Rich Energy distributor is claimed to be RICH OMG Ltd, sole director A Lowe

Lowe has > 75% of shares in both....

They've done some ridiculous dance with the companies names over the last couple of years.

And then there's this which popped up recently. https://find-and-update.company-information.servic...

Pebbles167

2,868 posts

132 months

Thursday 21st July
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How deep does this go? What's real, and what isn't?

LukeBrown66

2,612 posts

26 months

Thursday 21st July
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The only way we find out is with a comment from the team, did they ever receive any money, I would suggest yes as the bikes were very good, and were on the pace meaning either they were developed or bought from somewhere that prepped them well, before this, they were a fairly average team.

Race teams are often run in a dodgy way in the UK, so I doubt any comment will be forthcoming to prevent any further digging by championship organisers etc, but really most races teams are either a way of moving dodgy money around or a cover for something else!!

The team made a huge step this year, been winning form the start, using Yamaha bikes, and also doing as well or better than the official Yamaha team, so the bikes are good and well put together. So a clear step was made.

And really the only way we find out of RE are telling the truth is by team boss comments, none of which so far have been forthcoming, their site is still the same and they still appear on the BSB website as a team.

DarthtaterM16

679 posts

82 months

Thursday 21st July
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LukeBrown66 said:
The only way we find out is with a comment from the team, did they ever receive any money, I would suggest yes as the bikes were very good, and were on the pace meaning either they were developed or bought from somewhere that prepped them well, before this, they were a fairly average team.

Race teams are often run in a dodgy way in the UK, so I doubt any comment will be forthcoming to prevent any further digging by championship organisers etc, but really most races teams are either a way of moving dodgy money around or a cover for something else!!

The team made a huge step this year, been winning form the start, using Yamaha bikes, and also doing as well or better than the official Yamaha team, so the bikes are good and well put together. So a clear step was made.

And really the only way we find out of RE are telling the truth is by team boss comments, none of which so far have been forthcoming, their site is still the same and they still appear on the BSB website as a team.
Ex-McAMS bikes I believe.

Adrian W

12,892 posts

208 months

Thursday 21st July
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Megaflow said:
Ah, ok. Thank you.

In other news the tramp has twitted this:

Yes, of course you did…
Is he deluded or just an out and out liar

LukeBrown66

2,612 posts

26 months

Thursday 21st July
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So those bikes will not have been cheap, maybe 50 grand each, depends if they were bought as a whole or just frames and kit parts, semi factory teams often have to send stuff back that is factory and can sell on a rolling chassis or a semi complete bike. But they will not have been cheap.

AS I say the only way this gets a bit of background is from the team, and they have been as quiet as a mouse, leading to potential issues.

StevieBee

11,124 posts

235 months

Thursday 21st July
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LukeBrown66 said:
The only way we find out is with a comment from the team, did they ever receive any money
This is what makes it all the odder.

All professional sports have systems in place that check the probity of sponsorship money due to increased cases of supposed money laundering rackets in the 90s that started to be seen in many sports including F1 and other formulae. You can't just rock up with a bag of cash and exchange it for a sticker on the car.

All of the RE sponsored teams will have got their money. Assuming the regulators are doing their job correctly, the money would have been legit. The wider question is how?

How is a company able to (apparently) amass enough money to afford headline sponsorship of global sports teams without ever seemingly making or selling anything?

The other question is, why is there not wider interest in this? To me, it's the makings of a cracking Netflix exposé type documentary.