BREAKING: World Supercross Finds New Investors/Owners

truck
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Louisville, KY, USA
Fantasy
9/7/2023 8:54pm

Has anyone asked Chad Reed how he feels about this? 

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Magoofan
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9/7/2023 9:08pm
truck wrote:

Has anyone asked Chad Reed how he feels about this? 

That check's been cashed....

 

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9/8/2023 1:24am
truck wrote:

Has anyone asked Chad Reed how he feels about this? 

Sarcasm alert

Chad gets involved with Moto40, its sold.

Gets involved with WSX, its sold.

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luke11
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9/8/2023 1:41am

I’m glad they’ve got new backing. Wonder what the deal was with the old backers, did they think it would be an immediate cash cow?!

It’s easy to presume people with lots of money are smart, the older I get the more I realise that’s not the case. Especially the more my dumb ass starts to earn haha

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The Shop

Rad76
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9/8/2023 1:55am

Mispelling the new inverstitor forename on the picture press release is not a good start. That said, a round in the Stade Velodrome in Marseille, and one in Louis II at Monaco woud be epic. 

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Question
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9/8/2023 1:57am
Shenzi wrote:
Kyril is the son of Robert, ex-Adidas CEO and Olympique Marseille soccer team. Sartori (who tried to become Prez of Uruguay) and him went to same...

Kyril is the son of Robert, ex-Adidas CEO and Olympique Marseille soccer team. Sartori (who tried to become Prez of Uruguay) and him went to same schools in Switzerland, Sartori's wife (Russian oligarch daughter) also owns the AS Monaco soccer team. 

Going to be very interesting what they do with SX. A race in Sunderland and a race in Monaco? Wink

There is 1 thing for sure, this Adam Bailey is legit regarding attracting big investors. Excellent news for the series and for the industry in general.

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Richy
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9/8/2023 3:28am Edited Date/Time 9/8/2023 3:29am

I'd be interested to know what portion of the terrible decisions were made to try and keep the previous investors happy.

Also hope they can take something useful from what people liked, what people didn't like and what straight up pissed people off.

Being able to watch / attend supercross internationally is a good thing, if done right.

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RACING
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9/8/2023 4:51am
ML512 wrote:
Yes, the original investment group backed out. So new investors were brought in and they've bought in (not sure if the old investment group had ownership...

Yes, the original investment group backed out. So new investors were brought in and they've bought in (not sure if the old investment group had ownership in the series or not).

Thanx, Wasserman Group.

Wink

These guys could sell a three legged donkey to go and race the Royal Ascot.

 

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Shenzi
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9/8/2023 6:45am

surely looks like a good money laundry opportunity. 

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Magoofan
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9/8/2023 8:27am

image-20230908082743-1

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9/8/2023 8:37am Edited Date/Time 9/8/2023 8:43am
truck wrote:

So did the original investors just back out? 

ML512 wrote:
Yes, the original investment group backed out. So new investors were brought in and they've bought in (not sure if the old investment group had ownership...

Yes, the original investment group backed out. So new investors were brought in and they've bought in (not sure if the old investment group had ownership in the series or not).

I still don't understand how investors can just back out without being under contractual obligations to pay. Otherwise who would ever go forth with running such a series without having anything set in stone for the finances??

WSX-FD

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Elliot
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9/8/2023 8:42am

wsx

LungButter
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9/8/2023 8:43am

So they went from being funded by the Saudis to being funded by the Russians.  Damn, these guys sure pick good company to hang out with.

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9/8/2023 8:56am
LungButter wrote:

So they went from being funded by the Saudis to being funded by the Russians.  Damn, these guys sure pick good company to hang out with.

Sounds like Russian Bob needs to file a discrimination lawsuit against FIM making the decision that he can't compete in their series because of his nationality. While FIM gets Russian funding for their WSX venture. The hypocrisy of the FIM is amazing. Hold them accountable. Also something should be done on the AMA side. Its pathetic they won't let a guy ride because of where he's from.

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RACING
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9/8/2023 9:15am

The only real good news for Bailey is that he's not closing shop at the end of the month.
Apart from that, the (numerous) structural problems are still there, with a few cyclical new ones.

Can't wait to see the new new new 2023 provisional calendar.

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RACING
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9/8/2023 9:19am
Buckland wrote:

Glad they have an opportunity to turn things around. I look forward to watching more racing.

LaughingLaughingLaughing

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Magoofan
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9/8/2023 10:01am

Russia, Russia, Russia....   Grinning

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