Why do the Bullets give up Neto instead of Velicka ? Either is great but Neto is locked in right now. Velicka will take some game to get fitness back and therefore has a lot more risk from a W/L angle
@NBLPleb Why the NBL just don’t follow the NBA procedure on these things is just dumb. Billion dollar org with best in business practices and someone in Melbourne thinks they can do it better?
Ron Dennis owned 100% of McLaren for exactly one day. He borrowed £1.5M for 24 hours to buy it, then spent the next 35 years as a minority shareholder.
The bank agreed to the loan. The seller, Teddy Mayer, didn’t see it coming. At the signing in Portugal, all Dennis could read on his face was “whose name is on that cheque?” He handed over a cashier’s cheque and watched the disappointment land.
The next day he sold enough of the company to clear the loan.
The part nobody understood was the debt. He kept the cash elsewhere and left the racing team carrying just enough debt to look barely profitable. Sponsors and rival bidders read published accounts. Most people show their strongest year to the people across the table. He showed a weak one.
He started at 18 as an F1 mechanic. He never named his companies, only numbered them, so the sponsors got the credit.
35 years later he had to negotiate a price to leave the company he built.
In the 29-minute interview below (Academy of Achievement, 2017), he says it’s the first time he has explained how he paid for it.