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

[Tuarts]

I dont know who or what to believe anymore.

Yes, so for the same reason as the news of "OMG!!!!COLLAPSE!!!111", I'll wait and see.

 

[auscyclefan94]

Tuart is to Pegasus as to what acf is to BMC.

Well I guess its like that but without the over-zealousness and tbh, I'd take an interest in all pro Aussie teams. I follow/ed Drapac, Jayco-Skins and FlyV over the past year (and intermittently before then). I've brought 2/3 of their jerseys too, doing my bit to fund and promote the teams.

Have you made cheerleading chants for your favourite team? ...I didn't think so!

Have you

Well if this turns out not to be true thern he is just digging himself a deeper hole and it would probably mean the end of his career within cycling.

Was going to be that way b4 this.

 

[auscyclefan94]

Tuart is to Pegasus as to what acf is to BMC.

Well I guess its like that but without the over-zealousness and tbh, I'd take an interest in all pro Aussie teams. I follow/ed Drapac, Jayco-Skins and FlyV over the past year (and intermittently before then). I've brought 2/3 of their jerseys too, doing my bit to fund and promote the teams.

Have you made cheerleading chants for your favourite team? ...I didn't think so!

Have you got signature from there star riders? ...I don think so

Have you done in depth analysis of each team member and team staff? ...I don't think so

Do you watch every single bike race they are in even if it is 2am in the morning and you have an exam that day? ...I don think so

Well if this turns out not to be true thern he is just digging himself a deeper hole and it would probably mean the end of his career within cycling.

Was going to be that way b4 this.

 

[Sydney21]

Do you watch every single bike race they are in even if it is 2am in the morning and you have an exam that day? ...I don think so

.

That summs up my life last year. I did it for BMC and I will do it next year for both BMC and Pegasus (hopefully)

 

[Tuarts]

Which is why I added "without the over-zealousness". Not all of us are like 6 years olds with ADD in a Whizz Fizz factory...

 

[Anonymous]

Velonation reporting that riders have taken a pay cut to make it easier for them to cover the UCI bank guarantee (thats based on wage levels), then their salaries will rise once the budget is restored.

http://www.velonation.com/News/ID/6...orts-team-is-racing-to-meet-UCI-deadline.aspx

we really are getting into dodgy accounting territory now. If they cant afford to pay the bank guarantee on the wages they have promised the riders then they shouldnt get a pro conti place. Cutting wages to make the UCI payment is getting a bit dodgy and setting dangerous precedent.

Once they get more funding and raise the riders wages does that mean they will also put more in the security fund with the UCI.

 

[Mellow Velo]

I still think it will all end in tears.
This sounds so similar to other, past failures.

 

[Tuarts]

2 hours till deadline

 

[Anonymous]

I still think it will all end in tears.
This sounds so similar to other, past failures.

I think the UCI might actually turn them down. This bank guarantee thing, dropping riders wages to make the guarantee easier to pay is very dodgy. Whats to stop future teams who cant afford the bank guarantee just dropping the riders wages temporarily so they can pay it.

 

[Andy99]

I think the UCI might actually turn them down. This bank guarantee thing, dropping riders wages to make the guarantee easier to pay is very dodgy. Whats to stop future teams who cant afford the bank guarantee just dropping the riders wages temporarily so they can pay it.

Surely, provided the wage isn't below the UCI minimum, there should be no issue?

I personally have zero confidence that the team will have success. I do however hope that they pull it off. somehow.

 

[hrotha]

Surely, provided the wage isn't below the UCI minimum, there should be no issue?

I personally have zero confidence that the team will have success. I do however hope that they pull it off. somehow.

Well, the issue is it's dodgy as hell. Attract better riders than you can afford, then force them to choose between lowering their wages or being unemployed next year.

 

[Sydney21]

Well, the issue is it's dodgy as hell. Attract better riders than you can afford, then force them to choose between lowering their wages or being unemployed next year.

That is in no way fair. Pegasus had no reason to think that they couldnt afford the wages. Sure White should have had a signiture first but he wasn't deliberatelt scamming them as you make out.

Furthermore, you do not know the circumstances in which the pay cuts have been made. Robbie McEwen would be recieving a heafty pay check one that is likely well above what he is now worth as a rider as he would secure the team a number of wild card entries. He could have offered or agreed to take a pay cut. We just don't know at this stage and riders taking pay cuts to ensure that their workmates and themselves actually have a job next season seems like a healthy and humain gesture rather than anything dodgy. If this is the case and the team does manage to secure its full budget in the future then those who agreed to cuts are more than entitled to take them.

Yes this practice could be manipulated in other teams but im sure the UCI can see in this case that it is a desperate measure but a viable one.

My fingers and toes are crossed for a Pro-conti some time in the next few days

 

[Ferminal]

So Scott got them out of trouble, for the time being. Perhaps they saw no other top30 team out there to which they could supply so coughed up money just to stay in the game.

 

[stafke]

I think the UCI might actually turn them down. This bank guarantee thing, dropping riders wages to make the guarantee easier to pay is very dodgy. Whats to stop future teams who cant afford the bank guarantee just dropping the riders wages temporarily so they can pay it.

i don't think , why give them 4 more days and than turn them down , they could do it direct

 

[fatandfast]

That is in no way fair. Pegasus had no reason to think that they couldnt afford the wages. Sure White should have had a signiture first but he wasn't deliberatelt scamming them as you make out.

Furthermore, you do not know the circumstances in which the pay cuts have been made. Robbie McEwen would be recieving a heafty pay check one that is likely well above what he is now worth as a rider as he would secure the team a number of wild card entries. He could have offered or agreed to take a pay cut. We just don't know at this stage and riders taking pay cuts to ensure that their workmates and themselves actually have a job next season seems like a healthy and humain gesture rather than anything dodgy. If this is the case and the team does manage to secure its full budget in the future then those who agreed to cuts are more than entitled to take them.

Yes this practice could be manipulated in other teams but im sure the UCI can see in this case that it is a desperate measure but a viable one.

My fingers and toes are crossed for a Pro-conti some time in the next few days

Lots of small teams will interest a star like Robbie with unshared start and prize money. Let them use the team colors to cross promote themselves. With the team make up McEwen could come to the US for a super short trip. He is a very popular rider in the US. If people see him in action with his brother he is a public relations dream..I wish him luck. Matt White does not have a bad wrap in the US so getting a sub sponsor may be easier..Australia is a growing market for everybody maybe CAT or some other huge mining machine company will step up. In the US, companies that really screw up the envoirnment love to give cash for outdoor athletics and fund raisers as part of shedding guilt. There has to be some poluting giant in Australia that needs an image boost.

 

[md2020]

Even if the funding and licensing are real, what are the odds that a few of the riders haven't already made arrangements with other teams? It wouldn't be surprising to see some of the top names using the past few days as an oppertunity to bail out.

 

[stafke]

Even if the funding and licensing are real, what are the odds that a few of the riders haven't already made arrangements with other teams? It wouldn't be surprising to see some of the top names using the past few days as an oppertunity to bail out.

they can only go if the team failed a PCT - licence

 

[hrotha]

That is in no way fair. Pegasus had no reason to think that they couldnt afford the wages. Sure White should have had a signiture first but he wasn't deliberatelt scamming them as you make out.

Pegasus had a very good reason to think they couldn't afford the wages: the fact they hadn't secured the sponsorship to cover the required budget.

I'm not saying this was a scam, all I'm saying is the potential is there if the UCI allows this.

 

[bicing]

we should rename this thread to Pegasus Sports > 'Gillett-Fly-V' > Team Christina Watches minus Chris White

I have to say this whole situation is an embarrassment to Australian cycling fans everywhere.

 

[Barrus]

we should rename this thread to Pegasus Sports > 'Gillett-Fly-V' > Team Christina Watches minus Chris White

I have to say this whole situation is an embarrassment to Australian cycling fans everywhere.

Damn you, I thought Rasmussen was coming into the Pro-conti when I just read your post

 

[Libertine Seguros]

That is in no way fair. Pegasus had no reason to think that they couldnt afford the wages. Sure White should have had a signiture first but he wasn't deliberatelt scamming them as you make out.

Nobody's saying that Pegasus were doing it out of anything other than desperation and determination to make this project work after setback after setback.

However, a team that can't afford the UCI guarantee and essentially forcing riders to take a paycut or join the unemployment line, albeit temporarily, is a dangerous precedent to set.

Somebody else is bound to see this and take advantage of this precedent to sign riders beyond their means and string them along deliberately, rather than unintentionally as Pegasus have done.

 

[Anonymous]

However, a team that can't afford the UCI guarantee and essentially forcing riders to take a paycut or join the unemployment line, albeit temporarily, is a dangerous precedent to set.

This is my point. Very dangerous area to be treading in. I imagine if they do get their license the UCI will be keeping a very close eye on them.

Makes you wonder what the agreement is with those riders, theyve taken a cut and CW's statement says "if and when we get the original budget", so the riders may get what they signed for, they may be on the lower wage all year. Maybe the deal for the riders has been sweetened with incentives above their base salary, keep your bikes at the end of the year, higher percentage of win $$$ etc

I hope they get it, but I have a bad feeling about all of this, and that at some point, maybe in january, may, next autumn, or at some point this is going to go very tits up.

 

[LastRide]

Lots of small teams will interest a star like Robbie with unshared start and prize money. Let them use the team colors to cross promote themselves. With the team make up McEwen could come to the US for a super short trip. He is a very popular rider in the US. If people see him in action with his brother he is a public relations dream..I wish him luck. Matt White does not have a bad wrap in the US so getting a sub sponsor may be easier..Australia is a growing market for everybody maybe CAT or some other huge mining machine company will step up. In the US, companies that really screw up the envoirnment love to give cash for outdoor athletics and fund raisers as part of shedding guilt. There has to be some poluting giant in Australia that needs an image boost.

Are you drunk?

What has Matt White got to do with it? What action do you suppose Robbie gets into with his brother?

You are right about CAT or a mining related company, that is big down here.

 

[Night Rider]

Even if the funding and licensing are real, what are the odds that a few of the riders haven't already made arrangements with other teams? It wouldn't be surprising to see some of the top names using the past few days as an oppertunity to bail out.

they can only go if the team failed a PCT - licence

From earlier reports it sounded like a whole bunch of riders hadn’t even had their contracts signed or even given to them. In that case they’re free to go.

When will the UCI give the red or green light to the latest submission?

 

[blackcat]

This is my point. Very dangerous area to be treading in. I imagine if they do get their license the UCI will be keeping a very close eye on them.

Makes you wonder what the agreement is with those riders, theyve taken a cut and CW's statement says "if and when we get the original budget", so the riders may get what they signed for, they may be on the lower wage all year. Maybe the deal for the riders has been sweetened with incentives above their base salary, keep your bikes at the end of the year, higher percentage of win $$$ etc

I hope they get it, but I have a bad feeling about all of this, and that at some point, maybe in january, may, next autumn, or at some point this is going to go very tits up.

it sounds like Michael Ball of **** Racing