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Looks like his whole crew has jumped ship. James manni is now doing his own classes.
It also looks like AJ is doing offroad school now too which seems odd.
Where did I say any of that?
We're working on a few projects but learned our lesson with announcing anything early so you won't hear about it until its locked in 100%.
This is an exact quote from you. As I said before, I find it a little alarming Moto Academys big takeaway from all of this is “don’t announce anything early”
No... where did he indicate THAT was the BIG takeaway from what happened? Your putting words in his mouth.
I have no skin in any of this and think it was all handled badly but no need to pile on with other nonsense.
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How about this one, taken off page 6...
J21...My post above ONLY related to the recent comments made by dr00andrew on this current page which is why I quoted him.
I was just pointing out, it in fact had been stated, earlier in this thread.....
Maybe that's where he got his context....
Maybe that pic was photoshopped? I don't know...
That was posted by someone entirely different.
Who cares who posted it, - The point is, if the moto academny posted that, as it appears as they did, he is not putting words in his mouth as you claim, nor piling on with nonsense.
"Our biggest lesson learned was DO NOT announce before contract closing no matter what" - appears to be a direct quote from the "themotoacademypodcast" as per the screenshot someone posted on page 6.
I am sure there are bigger lessons learned and some yet to be learned on all 3 sides from this deal.
I'll leave it at that -
I have yet to see them acknowledge anything else they learned from this experience except their main mistake was announcing stuff before the deal was done. Yes that picture referenced by 2 other people on this page may not have been from ArmPumped, however he is clearly associated with Moto Academy and once again his most recent statement is but learned our lesson with announcing anything early
There is a common thread with the MotoAcademy and ArmPumped's lesson they have learned from this experience. It seems to be they both learned not to announce things before they are finalized. They are correct in that respect, however there are other lessons to be learned from this they should also acknowledge. Thats really all my comment really came down to. Would you want to go into business with them based on what has transpired and the takeaways they got from this?
The bottom line in all of this is they created a hole, and as of now it looks like they haven't stopped digging. Number one rule of being in a hole and what not.
There's also the context of time. The quote taken from page 6 was five months ago, while the situation was very new and likely still developing. I'm sure there are other, bigger takeaways that have been learned by all parties involved. Hopefully this whole thing gets resolved in a way that the partner's money is recouped from GPF, GPF can continue to run a sustainable business, and Catanzaro can continue to grow on his path. Doubtful that we will ever know all the details.
I can’t stand aj lol
So, you're under the belief that GPF owes the investor his money back instead of AJ? Without seeing the actual contract, I would have to disagree and say if anybody should be making amends with the investor it's AJ. But we know that will never happen.
Simply put, if the investor paid the owner of GPF for a portion of ownership of GPF, but the owner then retains sole ownership, should he not return the money paid to him for a portion of ownership?
If my buddy and I go in halves buying a bike from you, I pay you my half of the selling price and my buddy backs out. As a result you keep the bike and my money. Should not the burden be on you to either give me part ownership of the bike or return my money, unless a contract exists that states otherwise?
Obviously there is the question of what responsibility AJ has in this situation based on any agreements or contracts, which we don’t know. However, at some point in this thread, his partner stated that he paid GPF for his portion of the sale, but GPF had yet to return that money. At that time, the original owner had already established the fact that he had retained ownership and is open for business.
I’m sure we only see the tip of this iceberg, but based on the info that is public, it seems to me that they ought get straight with each other and then determine the extent of damages caused by AJ, at which point they should seek relief for those damages.
That’s my $0.02. I just want to see everyone come out of it ok.
Not picking sides with this but if AJ owns anybody legally I am sure he will be held accountable or rather TMA.
You put money down on something and are unable to finalize the rest of the money for the sale, sorry you are out that money. Pick better partners or sue them if they can’t come up with the cash but it’s not the sellers problem.
I dont mind him too much and think theres definitely value in the moto academy itself as a service outside of the shady business practices, but ppl are right he definitely needs a slice of humble pie cuz his head is getting too big. A few months ago on one if his videos he made the remark that hes “just as good as the lawrences and the other top guys he just isnt able to train enough and if he could he could win sx races”. That was a WILD thing to say and shows how out of touch he is becoming. Hopefully he backs it down a few notches after this incident and comes back to reality a bit. That comment was next level delusion.
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Exactly, you sign a contract or make any written agreement with me it will state any money put down will be non-refundable. Who's to say GPF didn't turn away other buyers in the time AJ was trying to close the deal?
In all fairness, if the down payment is 10% of the purchase price, then maybe it's fair that the owner would keep the entire down payment if the deal doesn't complete. However, if 50% of the money was paid, it's not a fair deal if the seller keeps 50%.
I haven't seen the contract, so I don't know how it's structured. Just stating that contracts can be lopsided, and protect only one party. I see that with large company NDAs.
And also, I once had to have a lease changed because it literally said that if the building burned to the ground, I would still have to continue with the lease payments. I'm not sure that's even legal, but it was in the contract.
That's not how this works in Business Mergers and Acquisitions....
There are not 3 parties here, just two. Entity A (perhaps an LLC) purchases something from Entity B. If Entity A defaults (does not fulfill commitments), the terms of the contract are enforced.
In this case Entity A is the partnership between AJ and the other gentlemen. Ostensibly the default is due to AJ not meeting his financial commitments on the deal and the terms of the contract are that all monies are forfeited if default occurs.
But both suffer the consequences. The other gentlemen loses all his money. It appears AJ loses no money but just experiences bad PR (ironically due to his own premature public posting).
All AJ learned was to not do a premature posting...he should have learned what it means to make a commitment to a business partner.
I didn’t know much about AJ until this whole thing popped up. Watched a few of his videos, and it’s nice to see someone from CT and New England make a go for it. I had always appreciated how some of the top New England guys were always so humble - Dowd, Henry, LaRusso, Johnson. Always good dudes.
I watched the garage tour video. It was a little, er, self focused. It reminded me of when McGrath did something similar, albeit in just a bit more of a humble way. AJ was a decent mid pack privateer and can certainly twist it, but staying humble and easy is the ultimate power play…
McGrath’s Tour:
DIRT SHARK- Jeremy McGrath #McCribz - video Dailymotion
Aj’s Tour:
https://www.youtube.com/watch?v=MByX4k4u9Y4&pp=ygUNYWogY2F0YW56YXJvIA%3D%3D
Good lord, it's been 6 months and you guys are still arguing semantics. Let it go, business deals fall through daily.
Thanks for the clarification; I knew I was oversimplifying things with what I think should happen and went out on that limb anyway. Like I said before, I just hope everyone involved makes everything right for each other.
Is that with the southern accent like you call a guy named Aaron A-run?
So AJ is the Joe exotic of the Mx scene? Someone here should make a documentary about it called MX King.
So AJ musta burned the bridge with the Lawrence’s somehow. Don’t see him post about them. Now this Gpf deal. Dude seems like a shady character
Just another phoney influencer. Big ego, thinks he’s more important than he is. I’m sure he’s helped a lot of riders and some positive influence. But it seems everything he does, he does for the camera and said ego. Namely the over saturated Lawrence ‘friendship’.
Personally I just get sick of his diamond hands and arched back ass out videos that constantly come up when I don’t follow him. His script is annoying.
Lmao, he holds the proper riding position off the bike too.
Who else does mirtl sponsor? Can’t just be Lawrences, AJ, and Filthy. Having Jett may have been more of a promotional film but they have some riding videos together. I think he’s more of a friend than business since he does the schools and they are on the racing program (not too many off weekends). Mirtl’s last big guy was RV. We’ll see how far his investment goes with Jett. RV maxed out quietly with 10 championships and 4 mxdn. They have him advertised on Monster Energy Drink commercial machines but few knew who he was under the Kawi helmet and now he’s with Yamaha. I like RV back in the business announcing or doing his podcasts.
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