Can MEC survive after Villo wins the million

Spat24
Edited Date/Time 1/27/2012 7:44am
I am sure the organizers and sponsors did not think anyone would win the million, can they survive it now that Villo did. I heard it is being paid over 20 years but, but it is still some big money. Did they get an insurance policy to cover it or not? If so, will they be elgible for coverage next year?
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kongols
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kongols 10/16/2011 9:07pm
10/16/2011 9:07pm
Coca-Cola company.


Revenue increase US$ 35.119 billion (2010)[1]
Operating income increase US$ 8.449 billion (2010)[1]
Net income increase US$ 11.809 billion (2010)[1]
Total assets increase US$ 72.921 billion (2010)[1]
Total equity increase US$ 31.317 billion (2010)[1]
Motodude
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Motodude 10/16/2011 9:09pm
10/16/2011 9:09pm
Sure, they just write into his next contract that he got a pay advance at the MEC. I mean its a no brainer the top guy at the moment is sponsored by ME, naturally they'll want their guy to win their sponsored race...duh.
montana262 10/16/2011 9:13pm
10/16/2011 9:13pm Edited Date/Time 10/16/2011 10:00pm
400k after taxes and 50k over the next 20 years is what Chad Reed and James said over twitter last night
TDeath21
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TDeath21 10/16/2011 9:15pm
10/16/2011 9:15pm
Yes they'll stay alive. If they increase Monster Energy sales by 10 cents per can, that'll make plenty more than a million to pay Villopoto.

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RexBackman
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RexBackman 10/16/2011 9:27pm
10/16/2011 9:27pm
IMHO MEC will be bigger and better... Lots of positives for a first time event, except for the rocks... RV2 grabbed the cash which surprised all but did anybody catch Ralph's comments at the end about a $2m bonus next year?
mxpunk
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mxpunk 10/16/2011 9:29pm
10/16/2011 9:29pm
i wish they'd disperse the money alittle more evenly so even the last place guy can make some decent coin..
hartebreak
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hartebreak 10/16/2011 9:30pm
10/16/2011 9:30pm
ummm Monster doesnt fork out the 400k or whatever. Just like most big payout deals they take out an insurance policy. I would be willing to bet that the policy cost alot more once the insurance company got the final entry list.
crashnburn11 10/16/2011 9:32pm
10/16/2011 9:32pm
hartebreak wrote:
ummm Monster doesnt fork out the 400k or whatever. Just like most big payout deals they take out an insurance policy. I would be willing to...
ummm Monster doesnt fork out the 400k or whatever. Just like most big payout deals they take out an insurance policy. I would be willing to bet that the policy cost alot more once the insurance company got the final entry list.
They didn't have insurance, waited too long
P
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P 10/16/2011 9:50pm
10/16/2011 9:50pm
montana262 wrote:
400k after taxes and 50k over the next 20 years is what Chad Reed and James said over twitter last night
$400,000 after taxes........how did they figure that?


P
jeffro503
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jeffro503 10/16/2011 9:58pm
10/16/2011 9:58pm
montana262 wrote:
400k after taxes and 50k over the next 20 years is what Chad Reed and James said over twitter last night
P wrote:
$400,000 after taxes........how did they figure that?


P
P.....I "think" with the $400,000 paid up front , they take the last $600,000 and deposit it and collect the interest off the money. Basically , the interest will pay for the total amount by the time the 20 years is over. I don't think it will take care of all of it , but probably most of it. Who knows though.....I aint no financial wiz here........
crashnburn11 10/16/2011 10:02pm
10/16/2011 10:02pm
jeffro503 wrote:
P.....I "think" with the $400,000 paid up front , they take the last $600,000 and deposit it and collect the interest off the money. Basically...
P.....I "think" with the $400,000 paid up front , they take the last $600,000 and deposit it and collect the interest off the money. Basically , the interest will pay for the total amount by the time the 20 years is over. I don't think it will take care of all of it , but probably most of it. Who knows though.....I aint no financial wiz here........
I think it was actually you get to choose either 400k now, or 50k a year for the next 20 years, not both. It wouldn't make sense to not just pay the 1 million if you had to put the 600k in a deposit
Premixed
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Premixed 10/16/2011 10:08pm
10/16/2011 10:08pm
you guys are narrow minded.

1,000,000 dollars. paid 50k per year over 20 years.

50k is 5% of 1,000,000

5% is what a money marketing account makes. a REALLY good C.D. makes 5%. coca colas stock probably makes 5% per year. they could invest it in themselves.

monster (coke) could invest the 1 million in their own stock and just pay Poto the interest. So techinically it costs them nothing to pay him the million. If you consider the hype th emillion dollar give away generated, they will PROFIT by paying him a million bucks.

i can not believe some people think 1 million dollars is a lot of money to a juggernaut like a drink company. it's chicken scratch. they settle out of court for law suits worth quadruple that
GuyB
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GuyB 10/16/2011 10:12pm
10/16/2011 10:12pm
Well, they were selling tickets for next year's race there, and last night Todd Jendro told me, "Wait until you see some of the ideas for next year..."

I think they'll be perfectly fine for the second annual edition.

I was told it was a 500k lump payment OR $50K a year fir 20 years, not both.
GuyB
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GuyB 10/16/2011 10:13pm
10/16/2011 10:13pm
Oh, and RV said he was opting for the 20 year deal.
P
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P 10/16/2011 10:16pm
10/16/2011 10:16pm
Ok, so the 400K is based on getting 500,000 upfront. Got it.


P
crashnburn11 10/16/2011 10:16pm
10/16/2011 10:16pm
I'm not sure I would opt for the 20 year deal; The way the fed is printing money 50k might be pennies in 20 years Wink
824 Dad
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824 Dad 10/16/2011 10:24pm
10/16/2011 10:24pm
Premixed wrote:
you guys are narrow minded. 1,000,000 dollars. paid 50k per year over 20 years. 50k is 5% of 1,000,000 5% is what a money marketing account...
you guys are narrow minded.

1,000,000 dollars. paid 50k per year over 20 years.

50k is 5% of 1,000,000

5% is what a money marketing account makes. a REALLY good C.D. makes 5%. coca colas stock probably makes 5% per year. they could invest it in themselves.

monster (coke) could invest the 1 million in their own stock and just pay Poto the interest. So techinically it costs them nothing to pay him the million. If you consider the hype th emillion dollar give away generated, they will PROFIT by paying him a million bucks.

i can not believe some people think 1 million dollars is a lot of money to a juggernaut like a drink company. it's chicken scratch. they settle out of court for law suits worth quadruple that
I want to know where you can get a 5% money market or CD these days???
Nicknku
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Nicknku 10/16/2011 10:39pm
10/16/2011 10:39pm
kongols wrote:
Coca-Cola company. Revenue increase US$ 35.119 billion (2010)[1] Operating income increase US$ 8.449 billion (2010)[1] Net income increase US$ 11.809 billion (2010)[1] Total assets increase US$...
Coca-Cola company.


Revenue increase US$ 35.119 billion (2010)[1]
Operating income increase US$ 8.449 billion (2010)[1]
Net income increase US$ 11.809 billion (2010)[1]
Total assets increase US$ 72.921 billion (2010)[1]
Total equity increase US$ 31.317 billion (2010)[1]
Monster is NOT Coca Cola... I have seen that several times on Vital. Monster simply uses Coke's distribution. Monster is owned by Hansen.

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Spuds
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Spuds 10/16/2011 10:41pm
10/16/2011 10:41pm
Spat24 wrote:
I am sure the organizers and sponsors did not think anyone would win the million, can they survive it now that Villo did. I heard it...
I am sure the organizers and sponsors did not think anyone would win the million, can they survive it now that Villo did. I heard it is being paid over 20 years but, but it is still some big money. Did they get an insurance policy to cover it or not? If so, will they be elgible for coverage next year?
Im sure they got one and they said on the broadcast last night it was on for next year so Im betting the premium on that policy is gonna go way up!!
Antipodean 10/16/2011 11:04pm
10/16/2011 11:04pm
824 Dad wrote:
I want to know where you can get a 5% money market or CD these days???
Australia.
Motodude
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Motodude 10/16/2011 11:12pm
10/16/2011 11:12pm
GuyB wrote:
Oh, and RV said he was opting for the 20 year deal.
What happens if/when ME go under in the future??
GuyB
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GuyB 10/16/2011 11:40pm
10/16/2011 11:40pm
Motodude wrote:
What happens if/when ME go under in the future??
The short answer? The sport would go on.

Sponsors (like message board members) come and go. If there were message boards back in the day, we could have wondered what would happen if we lost Camel, or Wrangler, or Miller, or EA Sports, or Amp'd Mobile.

If all else fails? They cold pick up the red phone, and convene a meeting of the Vital MX Rocket Surgeons.
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Rizzo 10/16/2011 11:56pm
10/16/2011 11:56pm
Nicknku wrote:
Monster is NOT Coca Cola... I have seen that several times on Vital. Monster simply uses Coke's distribution. Monster is owned by Hansen.
Actually, I think Anheuser Busch (Budweiser) is heavily involved. Pretty sure it's just distribution, but I didn't stay at a Holiday Inn last night either.
Premixed
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Premixed 10/17/2011 12:25am
10/17/2011 12:25am Edited Date/Time 10/17/2011 12:26am
824 Dad wrote:
I want to know where you can get a 5% money market or CD these days???
all over the place. Wachovia offers one for the "every man" 5% APY for accounts over 25K, if you are interested? i dont think you are interested though, i think you just have me figured as wrong.

alas, that's just one example. monster has a team of investors,(as do most fortune 500 companies) the same people that arrange the employee's 401K accounts that could invest that million, and pay villopoto with the interest, and i can assure you thats what they'll do.

that payout will not cost them a penny. monster is a not a charity. they are in it to make money. these companies do show shell out a penny unless they'll get 2 pennies in return.
Antipodean 10/17/2011 12:26am
10/17/2011 12:26am
GuyB wrote: "...Rocket Surgeons."

Er, I think you mean, Brain Scientists.
Premixed
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Premixed 10/17/2011 12:35am
10/17/2011 12:35am Edited Date/Time 10/17/2011 12:35am
GuyB wrote:
The short answer? The sport would go on. Sponsors (like message board members) come and go. If there were message boards back in the day, we...
The short answer? The sport would go on.

Sponsors (like message board members) come and go. If there were message boards back in the day, we could have wondered what would happen if we lost Camel, or Wrangler, or Miller, or EA Sports, or Amp'd Mobile.

If all else fails? They cold pick up the red phone, and convene a meeting of the Vital MX Rocket Surgeons.
Ironic you patronize vital members, when in fact he was indeed questioning who would foot the bill if monster goes under in the next 20 years during the payout period, not the effect it would have on the sport of SX in general.

doesnt take a "rocket surgeon" to see that, no?
SEEMEFIRST
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SEEMEFIRST 10/17/2011 12:35am
10/17/2011 12:35am
If Monster paid the purse, why did the Mrs. Feld lady hand Ryan the check (cheque)?
I've heard Feld was trying to get insurance but was late. If Monster was coughing up the cash, why wern't they seeking insurance?

I'm confused.

One thing I'm pretty sure of, Monster isn't Coke. We package stuff for many different companies, even Dr.Pepper so maybe that's where the confusion is.
PeterLemonjello 10/17/2011 12:50am
10/17/2011 12:50am
Antipodean wrote:
GuyB wrote: "...Rocket Surgeons."

Er, I think you mean, Brain Scientists.
I think you'll find they're Brain Mechanics?

Smile
Nicknku
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Nicknku 10/17/2011 12:56am
10/17/2011 12:56am Edited Date/Time 10/17/2011 1:08am
824 Dad wrote:
I want to know where you can get a 5% money market or CD these days???
Premixed wrote:
all over the place. Wachovia offers one for the "every man" 5% APY for accounts over 25K, if you are interested? i dont think you are...
all over the place. Wachovia offers one for the "every man" 5% APY for accounts over 25K, if you are interested? i dont think you are interested though, i think you just have me figured as wrong.

alas, that's just one example. monster has a team of investors,(as do most fortune 500 companies) the same people that arrange the employee's 401K accounts that could invest that million, and pay villopoto with the interest, and i can assure you thats what they'll do.

that payout will not cost them a penny. monster is a not a charity. they are in it to make money. these companies do show shell out a penny unless they'll get 2 pennies in return.
You are way wrong. Hilariously wrong too. 5% APY money markets DO NOT EXIST in the United States nor have they for several years. Monster IS NOT a Fortune 500 company nor do Fortune 500 companies have teams of investors arranging employees 401k accounts. That would be highly illegal.

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