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20 Dec 2004, 17:39 (Ref:1184156) | #1 | ||
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Kalkhoven & Forsythe Buy Pi Group
From speedtv.com
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Give them good ol' boys the chrome horn PT! |
20 Dec 2004, 17:51 (Ref:1184167) | #2 | ||
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http://www.grandprix.com/ns/ns14020.html
Another article...mostly the same stuff. |
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"You will never know the feeling of a driver when winning a race. The helmet hides feelings that cannot be understood." - Ayrton Senna |
20 Dec 2004, 18:09 (Ref:1184180) | #3 | ||
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Someday these two guys will be inducted into the Hall of Fame.
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Don't make a fuss, just get on the bus! |
20 Dec 2004, 18:43 (Ref:1184211) | #4 | |
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Good news.
Pi is a great company - founded originally by Tony Purnell, hence the name. |
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20 Dec 2004, 19:42 (Ref:1184260) | #5 | ||
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Wat implications does this have for Bosch's involvement in CC? You may have noticed that currently all the car's have Bosch logos on them because they're running Bosche ECUs. (I think in the past they ran Motecs)
Last edited by Snrub; 20 Dec 2004 at 19:46. |
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No Rotor, No Motor. |
20 Dec 2004, 19:55 (Ref:1184275) | #6 | ||
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I always just assumed that they were only providing spark plugs!
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20 Dec 2004, 19:56 (Ref:1184276) | #7 | |
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But the cars already run Pi data logging/telemetry.
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20 Dec 2004, 23:08 (Ref:1184491) | #8 | |
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Pi is a nice profitable company too.
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Wolverines! |
20 Dec 2004, 23:45 (Ref:1184524) | #9 | |
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So when's Bridgestone go up for sale, so we can buy that too.
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"All this amateur analysis leads nowhere and is insignificant......So you waste hours, days, months, years of your life for what end? A bit of one-upmanship on the internet?" - Wilton969 |
21 Dec 2004, 01:05 (Ref:1184548) | #10 | ||
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Have you guys noticed that since KK and GF have become more involved, the less we hear coming out of PG's mouth!? I think it was macdaddy who mentioned in an earlier thread that it wouldn't surprise him if Paul G. is bought out by the 2 other amigos and i'm starting to think that he may be onto something.
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Give them good ol' boys the chrome horn PT! |
21 Dec 2004, 04:37 (Ref:1184615) | #11 | |||
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Quote:
What I'm wondering is - when will the money run out from the spending spree that the 2 amigos have been on? |
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21 Dec 2004, 05:15 (Ref:1184628) | #12 | ||
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Quote:
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Wolverines! |
21 Dec 2004, 08:02 (Ref:1184672) | #13 | ||
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I remember posting that Dov. I think the thread was "Predictions for the Offseason" or something like that. It was a totally off-the-cuff remark that I made from 0% fact, 100% intuition.
And I still think it's going to happen. THIS offseason. |
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21 Dec 2004, 18:03 (Ref:1185193) | #14 | ||
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Quote:
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21 Dec 2004, 18:29 (Ref:1185210) | #15 | |||
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Isnt PG more involved with running the Trans-AM Serise and is just a silent partner of the three |
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21 Dec 2004, 18:46 (Ref:1185224) | #16 | ||
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PG certainly wasn't silent a few months ago! But he certainly has been quiet of late, and certainly doesn't appear to be involved in any of the purchases that has taken place thus far.
No real idea what the Pi Group is, but if it's profitable and helps ChampCar, then it's a good buy! |
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Sunderland Til I Die! |
21 Dec 2004, 19:16 (Ref:1185248) | #17 | |||
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I didn't realize that the telemetry was from Pi.
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No Rotor, No Motor. |
21 Dec 2004, 19:31 (Ref:1185258) | #18 | |||
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Quote:
Here's all you need to know about the Pi Group. Dov |
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Give them good ol' boys the chrome horn PT! |
23 Dec 2004, 03:11 (Ref:1186435) | #19 | ||
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Lost in the euphoria of the purchases of Pi and Cosworth is I think a salient point: These purchases may be part of a business plan, but not necessarily one which has OWRS as the centerpiece.
As has been noted time and again, Los Dos (formerly Tres, it seems) Amigos are Businessmen. They have their own companies and they have their own capital which they use to buy and sell things. One of the things they bought was CART. This has opened other doors for them, namely the purchase of Cosworth and Pi. While it is beneficial to OWRS that KK has done so, the purchases in and of themselves were of going profitable concerns that can stand by themselves with OR without OWRS. Imho, it is not sound logic to presume that these purchases were made strictly to support OWRS or to make OWRS the centerpiece of the holdings. When you think of it, OWRS is the weakest piece of the puzzle and would have minimal impact financially were it to be divested or terminated. The myriad of services that Cosworth and Pi provide do not need OWRS for them to continue to do so. KK and Forsythe are businessmen who saw an opportunity and moved on it. |
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24 Dec 2004, 02:08 (Ref:1187199) | #20 | |
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KK has suggested that point recently in a AR1 interview John. Each is it's own going concern and need to profit on it's own.
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24 Dec 2004, 07:37 (Ref:1187270) | #21 | ||
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KK also made that quite clear on WindTunnel recently.
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24 Dec 2004, 14:18 (Ref:1187465) | #22 | ||
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JohnSSC, your points are not invalid, but the comments made by KK and GF regarding these purchases are not unexpected. Smart business people do not purchase companies that are dependant on a single customer, particularly when that customer is struggling through a difficult time.
I would suggest that the decisions to purchase Cosworth and Pi were 100% driven by the desire to build a strong base for Champ Car, but that Kalkhoven and Forsythe would not have made the purchases if those companies were not capable of standing on their own without CC. That's just smart decision making. It is a common business practice today for a company to own others that support its core competencies. The company I work for is in foodservice distribution(we deliver product to restaurants), yet we own meat packing facilities. The meat packing business stands on its own and serves many customers, yet its primary reason for being part of our organization is to provide us product. I would say that the same is true of Cosworth and Pi for Champ Car, they will serve many customers and make a profit, but they were acquired to support the series. |
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24 Dec 2004, 15:16 (Ref:1187498) | #23 | ||
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The point I was making was not to question the wisdom of the purchases, but the wisdom of presuming that the purchases were made strictly to support CC.
I think in any profit/loss analysis, CC is the weakest holding. The tone I get from reading here is that the focus is on CC and that these purchases somehow ensure it's survival. While these purchases provide a good support-system for the OWRS product it should be clear (imho) that if OWRS can't hold it's own from a profitability standpoint, it is gone. They have already shown that there is no real loyalty to any of the "tradition" that CART had - venues that the Series was known for have been dropped left and right for more profitable venues. If OWRS does not bring a handsome return on the investment it will be gone just like RA, Mid-Ohio, etc. Last edited by JohnSSC; 24 Dec 2004 at 15:23. |
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"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton. |
24 Dec 2004, 15:32 (Ref:1187522) | #24 | |||
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Quote:
And I think it is very wise (albeit sad) to let go of some of the "loyalties" to "traditions" that were CART. Where is CART now? |
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24 Dec 2004, 15:35 (Ref:1187523) | #25 | |
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CART is dead, sadly.
Some of the elements of ChampCar are clearly descended from it, but essentially what we'll have now is increasingly going to be a steet racing series. In fact - maybe it would help to market it as that, as it is a USP over every other, if streets are the only type of racing CC does. |
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