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Sonic
Moderator



Australia
17035 Posts
joined 14 Nov 06

 online

Posted - 17 May 2019 :  11:55:13  Show Profile Send Sonic a Private Message  Reply with Quote
Disappointed to hear that ADS has closed its doors and there are folk who have lost $$ (mainly drivers/competitors it seems) as well as last year's winner who moved here from the States and now has nothing to show for it.

Pretty disappointed for him especially!

skaifeman
Team Manager



Australia
6724 Posts
joined 01 Aug 09

 offline

Posted - 18 May 2019 :  13:00:25  Show Profile Send skaifeman a Private Message  Reply with Quote Copy this URL to Link to this Reply
It did seem a little money exercise, even to goto the test days you had to fork out $X,000's.
Probably the realities of actually running a car(s).


"Fordís Bathurst winning bonus didnít even cover the cost of the after-party" - Allan Moffat, 1977
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CP
Safety Car Pilot



Australia
11059 Posts
joined 22 Jan 09

 offline

Posted - 19 May 2019 :  12:31:59  Show Profile  Visit CP's Homepage Send CP a Private Message  Reply with Quote Copy this URL to Link to this Reply
Where did the money come from to start it all? It only really seemed to have sponsorship backing from Hi Tec Oils?
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skaifeman
Team Manager



Australia
6724 Posts
joined 01 Aug 09

 offline

Posted - 19 May 2019 :  14:44:26  Show Profile Send skaifeman a Private Message  Reply with Quote Copy this URL to Link to this Reply
quote:
Originally posted by CP

Where did the money come from to start it all? It only really seemed to have sponsorship backing from Hi Tec Oils?


All of the losing competitors.
Like I said, fork out big money for test days and you'll be shown the door at days end.


"Fordís Bathurst winning bonus didnít even cover the cost of the after-party" - Allan Moffat, 1977
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TheArrow
formerly known as Spree



Australia
6333 Posts
joined 14 Jan 08

 offline

Posted - 19 May 2019 :  21:06:52  Show Profile Send TheArrow a Private Message  Reply with Quote Copy this URL to Link to this Reply
Seems to be a bit messy and kinda unprofessional, the way it's been handled by ADS. Publicly attempting to shame MSR. It's hard to know whats true and whats false but either way its all been a bit of a messy situation.

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Sonic
Moderator



Australia
17035 Posts
joined 14 Nov 06

 online

Posted - 20 May 2019 :  09:14:23  Show Profile Send Sonic a Private Message  Reply with Quote Copy this URL to Link to this Reply
This is why moneys paid in advance for goods/services should be held in trust until supplied... why should average Joe bear the brunt of someone else's bad choices??

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bludvl
Fujitsu Driver



591 Posts
joined 27 Mar 08

 offline

Posted - 20 May 2019 :  12:46:50  Show Profile Send bludvl a Private Message  Reply with Quote Copy this URL to Link to this Reply
I did some calculations for a podcast that has been...analytical... of ADS for a while, and their biggest problem was too big, too quick. The expansion at the end of 2017 into the start of 2018 was just insane. Around $1mill into new cars including a FG supercar and the Audi R8, plus a transporter and other cars. Wasn't a great business move, then to be followed with only 51% of the possible Pro entries being taken up made for the beginning of the end.

From his statement on Friday, even more scary stuff coming from Kyle's mouth, including potentially trading while insolvent....

'Those who cannot remember the past are condemned to repeat it.'
-George Santayana
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