Rich Energy drop Haas. No...Really. Seriously...
Discussion
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 s
t.
I don't have the capacity in my brain any more!
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 s
t.I don't have the capacity in my brain any more!
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 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.
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.
In other news the tramp has twitted this:
Yes, of course you did…
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.
In other news the tramp has twitted this:
Yes, of course you did…
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 LoweSponsor/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...
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.
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.
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.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.
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.
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.
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.
Pebbles167 said:
How deep does this go? What's real, and what isn't?
The book on the Haas debacle is out soonhttps://www.richenergybook.com/
The Smoking Tire podcast did a chat with Alanis King one other authors a while ago, she gives a few insights in the interview. The book sounds like it'll be a very good read
https://youtu.be/Pqp4A5Cfft0
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