Beat ya to it,Jim.
http://biz.yahoo.com/prnews/030811/nym180_1.html
BTW-Matt.........................SELL!!!!!!!
Beat ya to it,Jim.
http://biz.yahoo.com/prnews/030811/nym180_1.html
BTW-Matt.........................SELL!!!!!!!
wow
way to go RK
But enjoy that warm and fuzzy feeling while you can because I'm sure Wilke is hunkering down in the bunker priming for a comeback.
somebody want to come up with the point spread/odds/over under on this?
Well, this caught my eye:
Championship Auto said there is no assurance it can raise the additional capital needed for the 2004 racing season. The company also said it is in the process of changing its business model to address its financial challenges.
Losses for CART's European Vacation have been previously stated to be $3.1 million. Unless that number has increased, Portland goes down as a $1.6 million loser which is a surprise.Race promotion revenue for the three months ended June 30, 2003 was $5.0 million compared to $1.4 million in the same prior year period. Race promotion expenses for the three months ended June 30, 2003 were $10.6 million compared to $3.5 million in the same prior year period. CART conducted three self-promoted events, Brands Hatch, England, Eurospeedway Lausitz, Germany and Portland, Oregon, in the June 2003 quarter compared to one event at Chicago Motor Speedway, Illinois, in the same period in the prior year. CART recognized $890,000 in race promotion expense during the three months ended June 30, 2003 in connection with its self-promoted event at Cleveland, Ohio that occurred on July 5, 2003. Based on information available at June 30, 2003, management determined that certain prepaid expenses were not recoverable from expected revenues from the event and therefore those expenses were recognized in the second quarter as required.
So much for lighting up the Lakefront...
My major malfunction is...I want the people I love and respect to live forever...The problem is...Life don't work that way...
P.S. Questions, comments, death threats, invitations to a pigs bris, my number is still (317) 809-4483
How could that be... I thought Pook was only authorized to spend 30 million this season??
yeah Jack, lighting up the Cuyahoga is always the cheaper option in Cleveland
You de man, bird'!
Adding the numbers up:
Sanctioning fees: 25 (millions of dollars)
Sponsorship: 7
TV ad: 1.5
Engines and others: 4
Plus side = $37.5 million
Now the ugly:
CART promotional losses: 10
TV expenses: 16.5
Race Distributions: 62
Race Operating expense: 8.5
Administrative and indirect: 22
Litigation: 1.9
Negative side = $120.9
Looks like $83.4 million for the year.
Everytime CART issues a guidance, the projected losses go up.
Before ya come in for a forced landing ya burn-off or jettison all the fuel.Originally posted by don7031
Adding the numbers up:
Sanctioning fees: 25 (millions of dollars)
Sponsorship: 7
TV ad: 1.5
Engines and others: 4
Plus side = $37.5 million
Now the ugly:
CART promotional losses: 10
TV expenses: 16.5
Race Distributions: 62
Race Operating expense: 8.5
Administrative and indirect: 22
Litigation: 1.9
Negative side = $120.9
Looks like $83.4 million for the year.
Everytime CART issues a guidance, the projected losses go up.
Ask A1E Dave
These guys are bleeding so bad, it hurts me, and I'm Indycentric.
Originally posted by Railbird
wow
way to go RK
But enjoy that warm and fuzzy feeling while you can because I'm sure Wilke is hunkering down in the bunker priming for a comeback.
somebody want to come up with the point spread/odds/over under on this?
Isn't it GREAT that we have a forum to discuss these matters?And,isn't just grand that you choose to post here,despite your repeated proclaimations that these topics were both a waste of space and time.
And isn't it wonderful that you seem to never really discuss the topic but trot out some cliche,hackneyed expression or other various derailing effects.
Its a wonderful world,and strange too.The zookeeper has become one of those flinging the feces.
I quite my zookeeper job just to show some of the lightwieghts around here how feces should properly be flung.
I felt my talents would better serve mankind in that manner.
One question. How come the stock went up?
Proud to be a complainer.
life is good!Originally posted by Richard Kimble
Isn't it GREAT that we have a forum to discuss these matters?And,isn't just grand that you choose to post here,despite your repeated proclaimations that these topics were both a waste of space and time.
And isn't it wonderful that you seem to never really discuss the topic but trot out some cliche,hackneyed expression or other various derailing effects.
Its a wonderful world,and strange too.The zookeeper has become one of those flinging the feces.
Just don't start biting your fingernails.Originally posted by Railbird
I quite my zookeeper job just to show some of the lightwieghts around here how feces should properly be flung.
**SPLAT**
Guess that answers that question---Pook's bring it all in house approach to solving Cart's problems did not work.
And the Cart folks have told us all year is that he was the savior of Cart--my take on his approach was that it doesn't take much talent that anyone could spend the money to keep it going one more year.
Can't wait to see his next business model--I think it is time the promoter was escorted out.
All is well in the Champcar world (momentum, engines, schedule, attendance) unless you like racing ;)
Nobody told you?Originally posted by slinger
One question. How come the stock went up?
Bernie's coming to the rescue!
Oh , wait - that was last month....beats the h#!! out of me.
"Duty is the most sublime word in our language. Do your duty in all things. You cannot do more, you should never wish to do less" - R.E.Lee
Originally posted by Railbird
I quite my zookeeper job just to show some of the lightwieghts around here how feces should properly be flung.
I felt my talents would better serve mankind in that manner.
Funny, but I noticed that you still get to post in the "Moderator" forum.
How does that work?
Center Grove Trojans
2008 5A Football State Champs
2011 Track State Champs
It's like being elected President of the US. You're still Mr. President after you leave office.
Yeah, membership has its priviledges, doesn't it?Originally posted by Eagle104
It ain't a pension, but it don't suck!
It looks as though this year alone they are going to blow at least $60-$80 mil. and have absolutely no return on that investment - Nothing that will benefit the company's future. Unbelievable.
Realisticly as a series under this leadership, it's become a group of welfare teams and & management staff living off the fruits of the stock offering.
..and we always get the 'good veal' in restaurants, too.Originally posted by Truth Detector
Yeah, membership has its priviledges, doesn't it?
If those folks bought a funeral parlor, people would quit dying!
Jim, Jim, Jim.... :shaking head:Originally posted by Jim Wilke
It's like being elected President of the US. You're still Mr. President after you leave office.
It's "Grand Poo Bah."
BTW, I do enjoy bird posting. Good posts, voice of reason, and some info, sometimes.
And, no where could we pay to be as well entertained as watching Wilke and Poo Bah butting heads. It's better then watching elk locking horns showing off for a girl elk.
Suddenly the "urban vision" makes sense. Coming soon to a street corner near you, a CART notable with a will race for food cardboard sign.The company also said it is in the process of changing its business model to address its financial challenges.
As much as it hurts to admit...I think you're probably right, Jack.
Where's ,,,,,,,,,,,,,,,? Looks like a BINGO to me!Originally posted by Jack Harrington
If those folks bought a funeral parlor, people would quit dying!
Jack, you shouldnt do that,,,, My laughter woke up the wife. :very ugly:
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