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Author Topic: the ben's wallet gets $1.9M lighter  (Read 3710 times)
gm2
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« on: May 28, 2010, 10:02:55 AM »
http://roadracingworld.com/news/article/?article=40591

ouch.
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Like this is the racing, no?
Jester
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« Reply #1 on: May 28, 2010, 10:51:46 AM »
That article really puts Spies in a bad light.  I've lost some respect for the man.
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desmoquattro
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It puts the billet aluminum on the motorcycle...
« Reply #2 on: May 28, 2010, 11:21:55 AM »
Don't tell him mom... Evil
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Cider
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« Reply #3 on: May 28, 2010, 11:48:44 AM »
I don't know what his mom's credentials are, but that's a good argument to go with a reputable agent with experience in the business rather than family.  It sounds like if he had kept the books clean, they might have found the corporation liable without extending personal liability to Spies.
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gm2
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« Reply #4 on: May 28, 2010, 11:54:29 AM »
mary has a very... firey reputation.

that said, she did get him the yosh money she was asking for in 2006.  which proved to be totally worth it.
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Like this is the racing, no?
derby
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« Reply #5 on: May 28, 2010, 12:35:18 PM »
Quote from: Jester on May 28, 2010, 10:51:46 AM
That article really puts Spies in a bad light.  I've lost some respect for the man.

this isn't over...

http://forums.13x.com/showthread.php?p=3063500#post3063500

the way i see it, if doug couldn't get the motogp deal done, he shouldn't be profiting from it.

Quote from: Cider on May 28, 2010, 11:48:44 AM
I don't know what his mom's credentials are, but that's a good argument to go with a reputable agent with experience in the business rather than family. 

the "reputable agent with experience" apparently couldn't close the motogp deal.

Quote from: Cider on May 28, 2010, 11:48:44 AM
It sounds like if he had kept the books clean, they might have found the corporation liable without extending personal liability to Spies.

possibly...
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Cider
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« Reply #6 on: May 28, 2010, 12:52:16 PM »
Quote from: derby on May 28, 2010, 12:35:18 PM
the "reputable agent with experience" apparently couldn't close the motogp deal.

I meant that he got bad advice about how to run his business.  His corporation didn't shield him from liability, apparently.
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desmoquattro
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It puts the billet aluminum on the motorcycle...
« Reply #7 on: May 28, 2010, 01:01:01 PM »
Quote from: Cider on May 28, 2010, 12:52:16 PM
I meant that he got bad advice about how to run his business.  His corporation didn't shield him from liability, apparently.

Ben's not an employee of Yamaha Corp. He's a free agent, a principal of Speez whatever LLC. It's not Yamaha's place to shield him from liability...they're his customer, not his employer.
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derby
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« Reply #8 on: May 28, 2010, 01:01:34 PM »
Quote from: Cider on May 28, 2010, 12:52:16 PM
I meant that he got bad advice about how to run his business.  His corporation didn't shield him from liability, apparently.

agreed... i'm sure he (and a bunch of up and coming racers) will learn from the situation...
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derby
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« Reply #9 on: May 28, 2010, 01:02:24 PM »
Quote from: desmoquattro on May 28, 2010, 01:01:01 PM
Ben's not an employee of Yamaha Corp. He's a free agent, a principal of Speez whatever LLC. It's not Yamaha's place to shield him from liability...they're his customer, not his employer.

when he said corporation, he meant ben's LLC...
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-- derby

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desmoquattro
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It puts the billet aluminum on the motorcycle...
« Reply #10 on: May 28, 2010, 01:07:49 PM »
Quote from: derby on May 28, 2010, 01:02:24 PM
when he said corporation, he meant ben's LLC...

Ah, got it Grin
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fastwin
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« Reply #11 on: May 28, 2010, 01:34:33 PM »
Ben should fire his Mom not the agent! This has got mommy's fingerprints all over it. I have never read anything warm and IZ_ about her... ever. Tongue pregnant dogy, controlling stage mom has always been the impression I have gotten.
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ducpainter
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« Reply #12 on: May 28, 2010, 03:28:37 PM »
If it smells like a fish....
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« Reply #13 on: May 28, 2010, 07:07:00 PM »
Quote from: ducpainter on May 28, 2010, 03:28:37 PM
If it smells like a fish....

You trying to say Ben's mom needs to shut her legs or what?
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supraking21
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« Reply #14 on: June 02, 2010, 11:26:32 AM »
Dam there goes that bugatti vyron he might have bought  drink
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