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TOV Forums > Professional Motorsports > > Re: World Superbikes Ten Kate Team Bankrupt

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sadlerau
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World Superbikes Ten Kate Team Bankrupt    (Score: 1, Normal) 12-11-2018 03:40
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Sad news I've just come across, the Dutch team which has run Honda's entry in World Superbikes since the mid 2000s has declared itself bankrupt, after Honda pulled the pin on their association in late October.

Sad and strange, because even though I was expecting a split to happen due to the horrendous run of abysmal results the last few years for Honda in World Superbikes, the lateness of the announcement [October 30th] came as a surprise!

And that very fact of the lateness of notification, is being used as the cause of Ten Kate's bankruptcy! They claim there was no prior indication that Honda would be closing the association, and there was an implicit agreement that any change in status would be notified before the summer break, allowing Ten Kate to pursue other avenues for another income.

Law suits are being prepared, naturally.

Something doesn't seem right about all this.


Y65P
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Re: World Superbikes Ten Kate Team Bankrupt    (Score: 1, Normal) 12-12-2018 07:51
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Been following the news in Dutch papers. Seems to that Ten Kate were not on top the partnership and were taken off guard. At least that was their story.

Seems atypical for Honda to end a (any) partnership in such a way. Have Honda responded?


 
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