Quote:
Originally Posted by The__J__Factor
Quote:
Originally Posted by TRZ06
Yep. Basically off loading a business in the red heading for bankruptcy.
Restarting with no debt.
Shitty practices and I have no respect for it
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You don't think the buyers would have seen the books and then agreed on a price that suited their evaluation?
The Dinan name and bmw connection is valuable in itself and obviously the buyers thought they could continue/improve/grow the business they were buying.
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+1
It was probably a combination of things. Tuning has become a commodity product and OE's are offering their own performance products via after-sales.
In addition he wanted to concentrate on racing and it's unfortunate that the arrangement didn't work out for him.
At Dinans age (64??) I would hate to have to start from scratch. Hopefully this is some sort of "semi-retirement" thing.