Geico Sues SBI

[Wahoo 214]

What is interesting to me, Is SBI even worth $150,000 as an entity? If not this could open up KW to a new Org. Looking at where MGR is racing we can figure which it would most likely be.

[Cash Bar]

That has to be the best bass fishing video over.

Next time I'm at the ramp and some guy says "MY BUDDY"S BASS BOAT RUNS THAT FAST" I won't be so quick to laugh.

[LaughingCat]

The topic of this thread has been constantly in the back of my mind. This is a big chunk of money and a giant breach of trust. I don't really think the severity of the situation and the implications of what it means to our sport have quite hit me yet.

Naturally, SBI is not going to comment on this thread. But can anyone make a logical argument for SBI's side here. Anyone want to play Devil's advocate?

[jayboat]

What is interesting to me, Is SBI even worth $150,000 as an entity? If not this could open up KW to a new Org. Looking at where MGR is racing we can figure which it would most likely be.

Good question.

Will AMF absorb SBI?

[Big Time]

Miss Geico will only race the 8 OPA events and yes all of those 8 events will be broadcast on VS. later in the year.

No Key West? Just won't be the same without the Geico team there.

[Ted]

No Key West? Just won't be the same without the Geico team there.

Would you be willing to give up KW for a year to get it back the following year(s) bigger and growing back to what it once was??

[LaughingCat]

Would you be willing to give up KW for a year to get it back the following year(s) bigger and growing back to what it once was??

Under new management. . .

[opa]

i think this link should be forwarded to key west and sarasota officials to see what might happen to the turn out, and what kind of people they are dealing with!

[Big Time]

Would you be willing to give up KW for a year to get it back the following year(s) bigger and growing back to what it once was??

No!! OK fine, one year, but who is to say that is the way it will play out? I doubt that Geico dropping SBI will result in a new org taking over in KW in a years time....is that what is being implied?

At the end of the day if someone burned me for $150k (or $150.00 for that matter), there is no way they are getting my "business" again. And on the flip side, Geico is a huge draw at all the races so you would think SBI would like to keep a good working relationship with them....

[Ted]

Under new management. . .

[LaughingCat]

And on the flip side, Geico is a huge draw at all the races so you would think SBI would like to keep a good working relationship with them....

You are right. But it's a little too late to get on Geico's good side. They jacked them for $150 GRAND! That's not like taking your finger off the chip and then asking for a "do-over."

[Sean H]

Good question.

Will AMF absorb SBI?

absorb what? you don't think JC would have a new "XYZ" the next day and a signed contract with the Conch Republic?

[Bobcat]

maybe not....the reason Conch Republic Offshore Racing was revitalized a few years back was to boost the sagging turn out.....money is always first before cuzzies.

[fund razor]

I like Geic.

[DollaBill]

What is interesting to me, Is SBI even worth $150,000 as an entity? If not this could open up KW to a new Org. Looking at where MGR is racing we can figure which it would most likely be.

I can tell you John turned down an offer between 1 and 3 mill within the past 6 months for SBI

[2TR]

I can tell you John turned down an offer between 1 and 3 mill within the past 6 months for SBI

WHY?

[DollaBill]

Can't tell you why. I do know that a legit offer was presented

[Geronimo36]

No Key West? Just won't be the same without the Geico team there.

My best guess..... they'd do exactly what they did in Destin a few years ago... Probably the best race media coverage and racing I've seen in a long time.....

[DollaBill]

The racers went to Destin and everyone else went to KW. That will be a mess

[Wahoo 214]

I can tell you John turned down an offer between 1 and 3 mill within the past 6 months for SBI

My guess that offer was made by a group which included Gieco and included the Television air time that is in dispute. Today with, no TV, one law suit, may be more to come, only a hand full of racers, and a poor economy, I doubt it is worth even a small fraction of that offer.

Kind of like I should have sold my Citigroup at $65