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Norton Issues

 
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Fri Feb 21, 2020 9:25 pm    Post subject: Norton Issues Reply with quote

Just a little 'light' reading if you want half an idea of the cogs and mechanisms at work in Mr. Garners world...........

https://www.theguardian.com/money/2020/jan/29/norton-motorcycles-goes-into-administration

https://www.theguardian.com/business/2020/jan/30/taken-for-a-ride-how-norton-motorcycles-collapsed-amid-acrimony-and-scandal

https://www.morebikes.co.uk/news/67560/seven-questions-raised-about-the-norton-motorcyles-collapse/

https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start
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welshlamb



Joined: 09 Mar 2011
Posts: 592
Location: South Wales , Nr. Abergavenny

PostPosted: Fri Feb 21, 2020 11:47 pm    Post subject: Reply with quote

Frightening and very sad!
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Sat Feb 22, 2020 10:09 am    Post subject: Reply with quote

looking like a serial story teller and must be criminal rather than sad.........
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vort28



Joined: 22 Mar 2010
Posts: 2194
Location: Northwest , UK

PostPosted: Mon Feb 24, 2020 8:21 pm    Post subject: Reply with quote

Sad but the more you read the more of a criminal Garner appears to be.
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welshlamb



Joined: 09 Mar 2011
Posts: 592
Location: South Wales , Nr. Abergavenny

PostPosted: Mon Mar 16, 2020 12:15 am    Post subject: Reply with quote

Even more gory details here!
https://www.superbike.co.uk/article/norton-was-it-a-fraud-from-the-start-part-two
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Sat Mar 28, 2020 6:06 pm    Post subject: Reply with quote

Think most of us have built more bikes..........

https://www.superbike.co.uk/article/norton-creditors-report-how-much-money-is-owed
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Fri Apr 17, 2020 8:22 pm    Post subject: Reply with quote

Finally 'maybe' some good news??

https://www.superbike.co.uk/article/tvs-prepares-to-buy-norton
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Bud977



Joined: 03 Mar 2013
Posts: 525
Location: Sydney

PostPosted: Fri Apr 17, 2020 9:27 pm    Post subject: Reply with quote

This has been an interesting story, and Superbike magazine have done a great job of investigation and presenting substantiated facts along the way. I wonder where the 16M pounds will go? Hopefully not to Stuart Garner. Has there been any talk about criminal charges against him?
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Sat Apr 18, 2020 9:01 am    Post subject: Reply with quote

Garner was removed from the equation when the administrators BDO were brought in...........

not sure how this deal is structured but in general terms they are buying the company as a going concern (I believe) and hence any money raised is used to pay back the creditors

MCN as a 'reporting' publication would appear to be to$h and should be ashamed of allowing Garner to manipulate their "news" and facilitate this con.......
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Sun Dec 20, 2020 8:53 pm    Post subject: Reply with quote

Lots more been going on in the background........

https://www.theguardian.com/business/2020/dec/20/norton-motorcycles-ex-owner-ordered-to-pay-back-missing-14m-in-pensions
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bimotacarbon



Joined: 09 Nov 2008
Posts: 361
Location: Apeldoorn, the netherlands.

PostPosted: Fri Nov 19, 2021 3:33 pm    Post subject: . Reply with quote

It’s all very sad….the Norton Dominator is such an iconic bike…really would love to own one, but looks like that is literally throwing money in the bin.
Ogri would have seen it different than the way this is all going.
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stockcar



Joined: 07 Apr 2011
Posts: 836
Location: in the shadow of the "angel"

PostPosted: Fri Nov 19, 2021 10:10 pm    Post subject: Reply with quote

To be fair from what I have seen the new owners seem to be moving in the right direction.......

Can't be any worse than that Garner bod........ Evil or Very Mad
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