Pegasus Sports > 'Gillett-Fly-V' > Non existent

[valentius borealis]

The withdrawal of Gillet looks like another example of a team manager promising things that they were unable to fulfil and as a result their existence is in jeopardy just like the possible situation with Geox.

Gillett had blood on his hands already as a result of the drawn out saga with Liverpool.

I was apprehensive when I saw his name mentioned earlier in the thread, but I was hoping that things would get sorted out. Now it seems that this probably won't be the case.

 

[Francois the Postman]

one wonders if cyclingnews has a vendetta against pegasus? CN publishes an article claiming the team has collapsed, and velonation has an article with direct quotes from Chris White claiming it has not collapsed at all.

hmmmm

I am no employee of CN, so this comment is firmly with my admin hat off:

If you re-read this thread, people were initially commentating how slow CN was to simply regurgitate the many rumours, and White statements, that were flying round about the things that was apparently "in the bag" or a "realistic prospect".

That seemed to have been a very wise position to take, in retrospect.

Actually, this whole thread is one long lesson in I-will-believe-it-when-I-see-it, or when both parties confirm the claim made.

I doubt if a company which can expand into the Ozzie market would be well served by a vendetta against a stronger cycling anchors in Australia.

I agree that the title "pulls the plug" is too bold, as the strap line is "White left with few current options to continue". The article appears to mirror all facts on the ground fairly though.

Still, given the last couple of months, claims in press releases by Mr White seem to be on par with those "you have won! " envelopes that fall on my mat from time to time.

I suspect that the reality is that the only reason that it hasn't collapsed yet is because it technically can still find a sponsor. Like it is technically possible to come back from 4-1 down with 3 minutes football remaining. And yes, that has happened too.

So CN should probably address the title, but I cannot see what in the article is contradicted by the press release. All I see are claims that are confirmed by that press release, and some additional claims that are not addressed by White's press release.

 

[ingsve]

I am no employee of CN, so this comment is firmly with my admin hat off:

If you re-read this thread, people were initially commentating how slow CN was to simply regurgitate the many rumours, and White statements, that were flying round about the things that was apparently "in the bag" or a "realistic prospect".

That seemed to have been a very wise position to take, in retrospect.

Actually, this whole thread is one long lesson in I-will-believe-it-when-I-see-it, or when both parties confirm the claim made.

I doubt if a company which can expand into the Ozzie market would be well served by a vendetta against a stronger cycling anchors in Australia.

I agree that the title "pulls the plug" is too bold, as the strap line is "White left with few current options to continue". The article appears to mirror all facts on the ground fairly though.

Still, given the last couple of months, claims in press releases by Mr White seem to be on par with those "you have won! " envelopes that fall on my mat from time to time.

I suspect that the reality is that the only reason that it hasn't collapsed yet is because it technically can still find a sponsor. Like it is technically possible to come back from 4-1 down with 3 minutes football remaining. And yes, that has happened too.

So CN should probably address the title, but I cannot see what in the article is contradicted by the press release. All I see are claims that are confirmed by that press release, and some additional claims that are not addressed by White's press release.

Ya, I had the same impression. Given the same facts CN chose to report it based on the more likely scenario which is that if your backer jumps ship and you have five days to fix it you're most probably going to fail while VN chose to put on the rose-coloured glasses and regurgitate the Chris White spin on the situation.

 

[Sasquatch]

Of course White is going to come out and say they haven't folded.

CN reported what they believe were true.

White has just come out and responded to CN and Velonews posted the report up when they got White's press release.

White isn't exactly going to say that the team is folding. Of course he's going to remain optimistic. But deep down he should know they are in trouble.

 

[hubbard]

the headline is pretty misleading on CN. "Pegasus Sports owner pulls the plug on team"

when at this point in time, is not the case at all according to the owner himself.

 

[needasmoke]

i'm not defending Pegasus or CW, but i think the UCI needs to revisit the timing of team applications for the benefit of all those involved. We all know rider contracts are calender based. If the application process to renew or get provision for were completed mid year, then there would be less impact on signing riders. I know its chicken and egg stuff & i don't have the solution, but at the end of the day, if you 'gamble' and get it wrong you affect riders, support staff and their families. I just think that this whole process could be done a BETTER way.

 

[Ferminal]

one wonders if cyclingnews has a vendetta against pegasus? CN publishes an article claiming the team has collapsed, and velonation has an article with direct quotes from Chris White claiming it has not collapsed at all.

hmmmm

Are you implying that Pegasus do have a sponsor and will be Pro Conti next season?

CN only seems to be reporting the most likely outcome - congratulations to them for doing so and not regurgitating any more of White's lies.

(lol, I basically said what FTP and ingsve said before me without knowing it).

 

[avanti]

i'm not defending Pegasus or CW, but i think the UCI needs to revisit the timing of team applications for the benefit of all those involved. We all know rider contracts are calender based. If the application process to renew or get provision for were completed mid year, then there would be less impact on signing riders. I know its chicken and egg stuff & i don't have the solution, but at the end of the day, if you 'gamble' and get it wrong you affect riders, support staff and their families. I just think that this whole process could be done a BETTER way.

I agree - how can a team guarantee to a sponsor that they will obtain a pro or conti licence if one is only granted only a month or so before the new season. Sponsors often need several months or longer to allocate advertising funds.

The other turn-off for sponsors (at least for pro-teams) is paying for teams to race in areas of the world where you have zero business interests.

Maybe a league with divisions is a partial answer - a team works its way up and down the divisions based on some formula (kinda like British soccer teams do). And teams should be able to include road, track, CX and MTB races in their team points.

 

[PCutter]

the headline is pretty misleading on CN. "Pegasus Sports owner pulls the plug on team"

If you actually read the article, it notes that the 'majority owner' has pulled financial support - so the headline I would say is true. The report then notes that Team Manger CW is continuing to see if he can pull something off. Which also would appear to be true.

A little reading comprehension goes a long way.

 

[Ripper]

No matter what way you look at this, the situation is not good and it looks to be getting worse. It's never good for cycling when a new big team 'almost' happens.

 

[hubbard]

If you actually read the article, it notes that the 'majority owner' has pulled financial support - so the headline I would say is true. The report then notes that Team Manger CW is continuing to see if he can pull something off. Which also would appear to be true.

A little reading comprehension goes a long way.

the majority owner of Pegasus Sport is CW.

a little less condescension goes a long way.

 

[M Sport]

the majority owner of Pegasus Sport is CW.

a little less condescension goes a long way.

CW is the majority owner of Pegasus Racing, are you sure he was the majority owner of Pegasus Sport?

 

[Francois the Postman]

the headline is pretty misleading on CN. "Pegasus Sports owner pulls the plug on team"

when at this point in time, is not the case at all according to the owner himself.

I agree to some extent, but the article certainly isn't misleading. It always pays to read on.

And looking from another point of view, that of the (new) riders on the team, Mr White has certainly seemed to have pulled something on them.

Then again, with all respect, from the outset this had "when pigs will fly" written all over it. I am slightly amazed that some of the new signees bought into it and took the risk, before any of the hot-air promises had actually materialised. It's one thing when an internet forum runs away with it, but to sign your name on the dotted line based on what was actually in place..... wow.

 

[needasmoke]

More news -
http://www.sbs.com.au/cyclingcentral/news/19021/Pegasus,-bloodied,-vows-to-fly-again

 

[hubbard]

there's certainly two sides to the story. and there is one thing i know very well about chris... he doesn't lay down give up easily....

 

[Sasquatch]

I agree to some extent, but the article certainly isn't misleading. It always pays to read on.

And looking from another point of view, that of the (new) riders on the team, Mr White has certainly seemed to have pulled something on them.

Then again, with all respect, from the outset this had "when pigs will fly" written all over it. I am slightly amazed that some of the new signees bought into it and took the risk, before any of the hot-air promises had actually materialised. It's one thing when an internet forum runs away with it, but to sign your name on the dotted line based on what was actually in place..... wow.

If you look at who they signed I'm not surprised by the majority. Some I am surprised about.

Milram were going under so Knees, Roberts, Rohregger etc had nowhere else really to go.

Tuft, Hunter and Lowe were probably going to be overlooked by Garmin after the merge.

So those guys probably had no other offers and took the chance with Pegasus as there was probably nothing else in the pipeline.

One of the new guys Dennis, I'm surprised signed. But if you had someone on the other end of the phone promising the world to you, you can easily get drawn in.

Dennis will get picked up by a pro-tour team for 2012 so another year for Jayco Skins probably wouldn't hurt him. Don't know much about Avery's ability to comment on him.

 

[hubbard]

Then again, with all respect, from the outset this had "when pigs will fly" written all over it. I am slightly amazed that some of the new signees bought into it and took the risk, before any of the hot-air promises had actually materialised. It's one thing when an internet forum runs away with it, but to sign your name on the dotted line based on what was actually in place..... wow.

yes, hindsight truly is a wonderful thing.

 

[Francois the Postman]

yes, hindsight truly is a wonderful thing.

Not nearly as wonderful as foresight.

I do not need your doubts to remind me what my viewpoint was from the beginning, nor do I somehow disqualify myself from stating what it was when I never bothered to post it from the beginning. It pretty much is playing out as I, and many posters in this thread, expected from the beginning.

That I haven't even bothered to actually post earlier tells you exactly how much credence I gave to the bluster and noise that came from this squad.

If you doubt me, feel free to do so. You could also try to just believe someone when they make a post to state their pov.

What was it again? "a little less condescension goes a long way. "

 

[hubbard]

^ post-rationalisation.

also wonderful.

 

[Tuarts]

More news -
http://www.sbs.com.au/cyclingcentral/news/19021/Pegasus,-bloodied,-vows-to-fly-again

Wow, an actual article with actual quotes and actual facts.

I can't believe some of the responses on this. People laugh at daotec and then go and do the same thing...

 

[pabryan]

Well if the backer they have lost is really George Gillet of Liverpool FC infamy, then they are probably better off without him. Lets hope for the riders and the support they can find a new backer.

 

[Mellow Velo]

The salient fact is contained in all the articles.
The financal requirements are not in place, seemingly due to sponsor withdrawal.
So unless someone can up with a factual sponsor by Wednesday, the game is up.
Would anyone care to give odds?

No point in having a hissy fit at posters who point out this fact.

 

[Sasquatch]

The salient fact is contained in all the articles.
The financal requirements are not in place, seemingly due to sponsor withdrawal.
So unless someone can up with a factual sponsor by Wednesday, the game is up.
Would anyone care to give odds?

No point in having a hissy fit at posters who point out this fact.

Currently Valverde is paying $26 to win next year's Tour de France.

Factor in those odds with Pegasus, I would give Pegasus 1000-1 on finding a sponsor in the next 48 hours.

 

[cycutza]

Currently Valverde is paying $26 to win next year's Tour de France.

Factor in those odds with Pegasus, I would give Pegasus 1000-1 on finding a sponsor in the next 48 hours.

Thanks Sasquatch....I'll take a hundred at those odds. Will give you my account details on Thursday!

 

[Ferminal]

Currently Valverde is paying $26 to win next year's Tour de France.

Factor in those odds with Pegasus, I would give Pegasus 1000-1 on finding a sponsor in the next 48 hours.

Can I multi?