TWPG... PUNTED!!!!

[Racin Jason]

Just read in the Telecrap that TEGA has cancelled the license agreements of both HRT and TollHSVDT for non disclosure of ownership agreements.

This is priceless!!!


http://www.news.com.au/dailytelegraph/story/0,22049,21250530-5001023,00.html

 

[Joe5619]

You're missed the next story which says everything is ok..

 

[Racin Jason]

Seen it now Joe. It was a good stunt by TEGA, got 'em in the papers!

 

[Henry]

What frustrates me is that they constantly rely on sensationalism to get the sport in the papers... talk about bringing the sport into disrepute!

It'd be nice to hear positive things about the sport for a change, instead of reading or talking about hollow championships, conduct unbecoming, team management controversy, bankruptcy, homologation artistry, result rigging, penalties...

The only place I've enjoyed hearing about V8Supercar lately, is reading about the exploits of

quote:former V8Supercar Championship winner

Marcos Ambrose.

For mine, publicity's not a good thing if we're all talking about the wrong things...

 

[Racin Jason]

Exactly Henry! The old saying that any publicity is good publicity isn't exactly right.Which is why I was a bit dirty on Chalks for allowing all the speculation about DJR instead of just coming clean and telling us what was going on.

On another topic, how good is Marcos? 16th on debut is a fantastic result and he is only going to get better!

 

[Rob 18]

What I'd like to know guys is who owns the mess they call HRT/HSVDT..

After all this bull**** is anyone any wiser??? No.

 

[Joe5619]

Rob, if i understand it correctly, Mark & Mr&Mrs Kelly own the franches licenses & Tom ownes the hardware.

 

[Donut King]

The toothless TEGA tiger strikes again, we now return to your regular program involving TW walking all over the officials while they ask the great man for more

 

[Racin Jason]

I think it was all just a cheap stunt by TEGA to get TW and Holden to toe the line. It may work short term but they will just go back to the same old "win at any cost and bugger the rules and fair play" attitude that TW has applied to every category he has ever raced in.

IMHO, Skaife never owned the team or the licenses, the money was lent to him by Holden and he was only ever a "paper" owner. Hence the ability of TW to walk in and take over at Holden's request. I reckon the only one to properly buy the licenses was Kees Weel and look what happened to that team.I am only guessing but the reported drama between MS and TW is rooted somewhere in the fine print on the paperwork.

TW will be sitting back this afternoon laughing at V8Supercars TEGA and the other team owners and how stupid they are for letting him get away with it..... again!

 

[Bigcol]

More to this than meets the eye.

Walkinshaw and Skaife have missed 2 deadlines.
They keep this up Kelvin might actually have to do something

 

[Racin Jason]

I wonder if we will ever know the true story.

 

[Donut King]

Going by the amount of conjecture that still exists over what happened in the old days when racing was "so much simpler", probably not.

I mean, if people can't agree on what was done when they raced "production" cars, then how will anybody ever be able to get the story straight on what is done in these days of secretive developments, rulebooks pushed to (and beyond) the edge, and cloak and daggers back room deals?

 

[Thetormentor]

from the v8 site
Holden Racing Team clear for the Clipsal 500 grid in Adelaide
Release Date: 26/02/2007
Teams:
Holden Racing Team

Drivers:
Mark Skaife
Todd Kelly











The Holden Racing Team will be on the grid at this week?s Clipsal 500 in Adelaide after having accepted an ultimatum from Touring Car Entrants Group Australia (TEGA) to resolve its outstanding control and ownership issues to TEGA?s satisfaction.

The Team has been given a final reprieve of 14 days to evidence compliance with the Team?s Licence Agreement (TLA).

TEGA and V8 Supercars Australia wrote to Skaife Sports the company that runs Holden Racing Team, today with a binding final offer that will ensure the compliance of the team, with the provisions of the TLA.

The team will only be permitted to compete beyond Adelaide if Skaife Sports can satisfy TEGA that the contractual and financial arrangements are such that Mark Skaife is in true and effective control of the team.

The Boards of TEGA and V8 Supercars Australia have considered and understand the commercial consequences of such an outcome and recognise the need to protect the integrity of the competition for the benefit of all shareholders, stakeholders and fans for the long term.

Both boards are keen for the Holden Racing Team to continue in the V8 Supercar Championship Series but only in full compliance with the provisions of the TLA.

The TLA is designed to ensure that every team competing in the V8 Supercar Championship Series does so on an even footing.

It requires that teams are independently owned. It prohibits a situation where there is cross ownership or control of more than one team. The benefits of ownership are personal to the legal and beneficial owner of the TLA and a controlling interest cannot be transferred to any other entity without approval of TEGA.

Those persons who are granted a licence to compete must be of good character, and undertake to compete fairly and professionally and have the appropriate knowledge and qualifications to discharge the responsibility of a team owner in the best interests of the V8 Supercar Championship Series.

www.v8supercars.com.au

 

[Donut King]

So - conspiracy theory time - if the rumors of a rift between Skaife and Walkinshaw are true, what are the chances Skaife has headed off an attempted Walkishaw powerplay by in fact giving the right people just enough information to ensure that TEGA would step in and make it very difficult for TW to gain absolute control and give skaife the raw end of the pineapple.

Could TW have been beaten at his own game, or is this too much like wishful thinking?

 

[Poita]

quote:Originally posted by Donut King

So - conspiracy theory time - if the rumors of a rift between Skaife and Walkinshaw are true, what are the chances Skaife has headed off an attempted Walkishaw powerplay by in fact giving the right people just enough information to ensure that TEGA would step in and make it very difficult for TW to gain absolute control and give skaife the raw end of the pineapple.

Could TW have been beaten at his own game, or is this too much like wishful thinking?

That's a good theory DK, it would make a lot of sense and be a very clever move by Skaife.

 

[Racin Jason]

It would also explain why TW wouldn't release the cars to Skaife for the launch!

 

[DJR-FAN]

Could someone please explain to me like I?m a 2 year old why it is taking so long for this to be resolved????

If you asked any other team or for that matter any other business to provide proof of ownership showing all parties, it would take about 30 seconds for them to reach into a file drawer and produce the documents.

As a business owner and through my working association with many other companies I have seen a lot of different ownership structures. Some of these structures are so complex that it makes my head hurt just thinking about them. But all business entities, no matter how complex will have legal documentation showing ownership.

The fact that they have not produced on demand can mean only one thing. Something on those documents does not read as it should. To avoid a scandal they will continue to give them time extensions until they can produce something that complies.

 

[TS-50]

I'd reckon the problem lies with the money for each of the transfers of ownership, money which doesn't exist and was never transferred from one party to another. So while there is documentation of change of owners there is no proof that a financial consideration was made.

Plus I reckon DK's theory is a bloody good one and could be very close to the truth.

Tom Vs Skaife, what a B1tchfight , and probably the two biggest anywhere.

 

[Bigcol]

If what DK is saying is true well GO SKAIFEY.


Personally i think it's the lack of actual money changing hands that could be a problem or the fact the Walkinshaw is general manager in 2 teams

 

[Racin Jason]

I reckon DK is correct. It is a theory that I posted on another website a few days ago as well. I reckon that TWis Holden's preferred owner and MS has told them to get stuffed he aint going anywhere!

The other thing I found quite strange was that media reports had HOLDEN execs meeting with TEGA/V8SA not Skaife,the Kelly's or Uncle Tom. I thought Holden had already been ruled out as the "owner" of the team?

What are the odds of Skaife driving a Ford in the future?