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Old 10-10-2012
rsr427 rsr427 is offline
Podium Regular / Advanced Member (50+ Posts)
 
Join Date: Apr 2012
Location: CT
Age: 46
Posts: 79
Re: Skip Barber Racing School Financial Troubles

Unfortunate that there's a controversy, but I don't take things like this at face value. There's almost always more to the story. Heck, GM and Chrysler were "bankrupt" two years ago, you wouldn't buy a ZR1 or new Viper?

Spreading only negative stories usually starts the death spiral of a company.

"They're in financial trouble"

"Well I'm not giving them my money"

"Now they're in deeper financial trouble"

"Well now I'm really not giving them any money"

And so on.

That being said, it's now SBRS's job to explain themselves (if they can) and put these fears to rest. Did MRLS not provide all they promised? Who knows? Not me? I don't have the information to make an informed decision. But more information is usually better...

Who knows, maybe Skip himself is spreading the rumors so he can buy it back on the cheap! It's common for companies to get bought out with leverage, and then get crushed under the debt load, and the founders swoop in and buy the assets cheap.
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