TVR Sold Again

[griffaphenia]

Who do you think bought TVR this time?? Mr Smolensky Him
Phil

Edited by griffaphenia on Friday 23 February 17:16

[simpo two]

I've seen that dodge before. You go into receivership to shake off the creditors, then buy all the bits back for 4p at the disposal auction. Cynical but well planned - and everbody else gets shafted. Win to Smolenski.

[Ian V]

You really couldn't make it up could you. I,m afraid as John says it seems acceptable business practice in some quarters. Okay if you don,t give a f*ck about people I suppose.

[Podie]

simpo two said:

I've seen that dodge before. You go into receivership to shake off the creditors, then buy all the bits back for 4p at the disposal auction. Cynical but well planned - and everbody else gets shafted. Win to Smolenski.

Risky, but clever.

Seems people have underrated the man.

[simpo two]

Podie said:

Seems people have underrated the man.

Yes: he who thinks first and moves first, frequently crosses the line first.

[MG Mark]

simpo two said:

Podie said:

Seems people have underrated the man.

Yes: he who thinks first and moves first, frequently crosses the line first.

Aye - right up to the point that nobody buys the new product....

MG Mark

[simpo two]

MG Mark said:

Aye - right up to the point that nobody buys the new product....

But his target was not to sell product, simply to escape with as much wealth intact as possible. He doesn't need to make and sell cars. Kid - toyshop - that kinda thing.

[Toffer]

Legal or not...Still not fair though!

[MG Mark]

simpo two said:

MG Mark said:

Aye - right up to the point that nobody buys the new product....

But his target was not to sell product, simply to escape with as much wealth intact as possible. He doesn't need to make and sell cars. Kid - toyshop - that kinda thing.

And now it has changed hands again to the US of A - hasn't he done well.......

MG Mark

[jasandjules]

MG Mark said:

Aye - right up to the point that nobody buys the new product....
MG Mark

Exactly.

Though I decided I would never buy a TVR which was made by a Russian Owned company.

[V8 EOL]

MG Mark said:

Aye - right up to the point that nobody buys the new product....
MG Mark

But who was buying the old one? Surely thats the whole point...

simpo two said:

But his target was not to sell product, simply to escape with as much wealth intact as possible.

Whatever you say about the Russian, he is a business man. If he has worked inside the laws then fairs fair. Others could and did make a bid for the brand and failed. His was the highest so he values it more than anyone else. Would any sain business not do the same?

Anyway, I bet he has had relatively little to do with the dealings in Blackpool, I am sure the ship is being steered much closer to home.

[simpo two]

V8 EOL said:

But who was buying the old one? Surely thats the whole point...

Easy - people who wanted outstanding performance for sensible money, a pretty body and a big V8. They tried one out of three and it didn't work. And towards the end the designs were more quirky than pretty.

V8 EOL said:

Whatever you say about the Russian, he is a business man.

Yes indeed, he's run rings round everyone else and made them look like stumbling fools. Not unlike the sale of Rover! Brits don't have the killer instinct anymore.