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<blockquote data-quote="Jim Bush" data-source="post: 117532" data-attributes="member: 3807"><p>It seems it was never about the bikes. It is about the money. Norton have never acknowledged any production issues with the 2013/2014's that came to light in the last 4-5years. They just released the MKII which seem to be the "fixed" version and only looked forward.</p><p></p><p>Somehow the numbers just don't seem to make any sense.</p><p>- Reported current debt owed is £20mil to £26mil</p><p>- Govt grants/loans received £11mil</p><p>- Pension fund monies taken £14mil</p><p> -Sales from reputed total production of 3000-3500 961 Commando's & V4's sold worldwide maybe £60mil</p><p></p><p>So he got £85mil cash in (not including other investments) and still owes £20-26mil</p><p></p><p>Somewhere in there a lot of money went sideways..</p><p></p><p>Plus there are a raft of Dealers who put up their own money to establish the marque in their country. A lot of people are hurting over this.</p><p></p><p>As they say follow the money... Hoping all will be revealed.</p></blockquote><p></p>
[QUOTE="Jim Bush, post: 117532, member: 3807"] It seems it was never about the bikes. It is about the money. Norton have never acknowledged any production issues with the 2013/2014's that came to light in the last 4-5years. They just released the MKII which seem to be the "fixed" version and only looked forward. Somehow the numbers just don't seem to make any sense. - Reported current debt owed is £20mil to £26mil - Govt grants/loans received £11mil - Pension fund monies taken £14mil -Sales from reputed total production of 3000-3500 961 Commando's & V4's sold worldwide maybe £60mil So he got £85mil cash in (not including other investments) and still owes £20-26mil Somewhere in there a lot of money went sideways.. Plus there are a raft of Dealers who put up their own money to establish the marque in their country. A lot of people are hurting over this. As they say follow the money... Hoping all will be revealed. [/QUOTE]
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