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General forum area => The Euro K Club Lounge => Topic started by: chriscanning on April 04, 2020, 08:09:08 pm

Title: Norton Motorcycles
Post by: chriscanning on April 04, 2020, 08:09:08 pm
See in the report that came out 28th March Stuart Garner took Norton down to the tune of £28 million...
Title: Re: Norton Motorcycles
Post by: richtea on April 04, 2020, 08:28:38 pm
Linky link:
https://www.superbike.co.uk/article/norton-creditors-report-how-much-money-is-owed

(There may be other sources of info.)
Title: Re: Norton Motorcycles
Post by: Phmode on April 04, 2020, 09:26:34 pm
Fuck, fuck, fuckety fuck, fuck, fuck, fuckety fuck!

Please feel free to correct the punctuation  :)
Title: Re: Norton Motorcycles
Post by: chriscanning on April 04, 2020, 09:37:09 pm
Re Garner I don’t think public execution would be good enough  >:(
Title: Re: Norton Motorcycles
Post by: SCM on April 05, 2020, 03:16:59 pm
Fuck, fuck, fuckety fuck, fuck, fuck, fuckety fuck!

Please feel free to correct the punctuation  :)
I don’t think you need so many commas
It should be fuck fuck fuckety fuck, fuck fuck fuckety fuck.   :)
How was it allowed to go on for so long?
Title: Re: Norton Motorcycles
Post by: Phmode on April 05, 2020, 04:58:13 pm
  ;D
Title: Re: Norton Motorcycles
Post by: raesewell on April 05, 2020, 05:05:06 pm
Ban 'im Brian
Title: Re: Norton Motorcycles
Post by: Phmode on April 05, 2020, 06:19:26 pm
I did ask... :)
Title: Re: Norton Motorcycles
Post by: daveg208 on April 06, 2020, 12:53:42 am
Re Garner I don’t think public execution would be good enough  >:(

Hmm, there used to be a tradition of public boiling, they placed the executee in cold water, then lit the fire, sounds appropriate.

Title: Re: Norton Motorcycles
Post by: raesewell on April 06, 2020, 08:13:35 am
A great British brand taken over by a crook with ideas above his station and delusions of grandeur who's only interest was to further his own ends. Other than than I'm on the fence  ;D
Title: Re: Norton Motorcycles
Post by: black-k1 on April 06, 2020, 09:01:08 am
I'm not, in any way, defending Garner as I think he deserves the full force of the law for any and all things he has done illegally but I genuinely don't think he went into this with the intention of it ending up where it currently is. Was he naively optimistic? Without a doubt. Did his dreams exceed his ability to deliver? Absolutely! But that was obvious from day one. Part of the fault lies with a system that allows naively optimistic ego maniacs to get away with blowing pension funds and tax payers money on pipe dreams and vapour-ware.

Those who handed over their own money without doing any due diligence really only have themselves to blame. Those who feel they've been illegally fleeced in the past and have done nothing about it have little to complain of. The law is there for a reason - they should have used it. The ones I feel sorry for are those who put money into a pension scheme in good faith, believing that "the system" protected them, only to find that an unscrupulous bastard and run off with all their money.

Like most, my big concern is that Garner ends up with little in the way of legal "just deserts" because the system is set up incorrectly. If that happens then the lynching party should not just be for Garner, but for your local MP who, despite previous pension fund scandals, has been deficient in their duty of learning the lessons and implementing legal securities that ensure that the Norton pension rip-off could not have happened.
Title: Re: Norton Motorcycles
Post by: TomL on April 06, 2020, 03:40:44 pm
Amazing that such blatant fraud can still take place. When you consider that the Maxwell fiasco was thirty years ago.

Colleagues of mine at Wild Barfield Watford had their pensions ripped off big time when the firm went into receivership. Some were even invited to boost their pensions with lump sums before the shit hit the fan. Affected many of the big time and not just financially.

One would think that pension funds would be untouchable but where there's a will there's a way and it's pretty obvious that these fraudsters know full well how to get round the "system".
Title: Re: Norton Motorcycles
Post by: Phmode on April 06, 2020, 07:39:25 pm
I would like to believe that a 'thicko' like Garner wouldn't be able to think this through before he started.

On the other hand, I wouldn't be able to work out how to clone a credit card despite a. Having a background in technology and b. Not being as thick as I seem.

Somehow, the criminal mind works differently from mine and hopefully yours!

When I asked my extremely honest and upstanding dad about this many decades ago, his answer was two-fold and simply 'the devil finds work etc.' and 'necessity is the mother etc.'

Was Garner ever honest? We'll never know.
Title: Re: Norton Motorcycles
Post by: Matt on April 06, 2020, 08:41:41 pm
...

On the other hand, I wouldn't be able to work out how to clone a credit card despite a. Having a background in technology and b. Not being as thick as I seem.



When I asked my ...

That's your birthday present sorted then, a credit card cloning machine.
Title: Re: Norton Motorcycles
Post by: Phmode on April 07, 2020, 12:48:37 am
Too kind young sir  ;D
Title: Re: Norton Motorcycles
Post by: raesewell on April 07, 2020, 08:58:24 am
You just missed Brians birthday Matt  ;D
Title: Re: Norton Motorcycles
Post by: Phmode on April 08, 2020, 11:19:41 am
Shhh!
Title: Re: Norton Motorcycles
Post by: richtea on April 08, 2020, 11:21:54 am
Hippy boppy!
I'll buy you a pint when we're allowed out.
Title: Re: Norton Motorcycles
Post by: Phmode on June 25, 2020, 12:02:08 pm
So, where will Garner hide now the Pensions Ombudsman has felt his collar to the tune of £11M?
Title: Re: Norton Motorcycles
Post by: richtea on June 25, 2020, 01:58:49 pm
HMP?
Title: Re: Norton Motorcycles
Post by: chriscanning on June 25, 2020, 04:12:24 pm
Wishful thinking  :)
Title: Re: Norton Motorcycles
Post by: CrazyDave on June 27, 2020, 12:29:04 pm
Very sad...such beautiful machines too. Like the Jag of the two-wheeled world...

Then again, Jags were always driven by a certain type of Geezer..

 ;D
Title: Re: Norton Motorcycles
Post by: Swindon Andy on June 28, 2020, 09:58:39 am

Then again, Jags were always driven by a certain type of Geezer..

 ;D

Oi, you calling me a Geezer now mate? I reckon the K1300S is bike equivalent to some of the better Jags, I have both :)
Title: Re: Norton Motorcycles
Post by: CrazyDave on June 29, 2020, 12:05:59 pm
There was just something roguish about a Jaguar... ;)
Title: Re: Norton Motorcycles
Post by: raesewell on June 29, 2020, 12:10:55 pm
Reggie and Ronnie favoured the MKII and the S Type in the early to late sixties and they then moved to the Mk IV Zodiac. Just sayin'
Title: Re: Norton Motorcycles
Post by: Matt on June 29, 2020, 02:14:43 pm
Reggie Perrin and Ronnie Barker? Yep,  I heard that too.
Title: Re: Norton Motorcycles
Post by: Phmode on June 29, 2020, 08:44:00 pm
I used to hear things too when I brewed my own... 8)
Title: Re: Norton Motorcycles
Post by: richtea on December 20, 2020, 06:58:04 pm
Some justice coming, if they can pin down his assets:
https://www.theguardian.com/business/2020/dec/20/norton-motorcycles-ex-owner-ordered-to-pay-back-missing-14m-in-pensions
Title: Re: Norton Motorcycles
Post by: raesewell on December 20, 2020, 07:24:38 pm
Let's hope it skints him.
Title: Re: Norton Motorcycles
Post by: Matt on December 20, 2020, 09:47:56 pm
The pension thieving really annoys me. I thought after the big news items on this sort of stuff twenty years ago that 'they' had tied down such loopholes. But I suppose it doesn't benefit anybody that matters.

What a git.
Title: Re: Norton Motorcycles
Post by: armstrongracer on December 21, 2020, 06:31:15 pm
The pension thing really made me angry. Thought that was sorted after the Maxwell scandal. Seems not..
Title: Re: Norton Motorcycles
Post by: revd on December 21, 2020, 07:26:38 pm
Just look at Phillip Green.....
Title: Re: Norton Motorcycles
Post by: raesewell on December 21, 2020, 08:41:20 pm
Just look at Phillip Green.....
I'd rather not if its all the same to you.  ;D
Title: Re: Norton Motorcycles
Post by: revd on December 22, 2020, 12:33:16 pm
Just look at Phillip Green.....
I'd rather not if its all the same to you.  ;D

Well exactly. Repugnant horrible little man whose actions have sunk several large companies.  Odious person.  Not a pretty picture either.
Title: Re: Norton Motorcycles
Post by: armstrongracer on December 22, 2020, 05:09:57 pm
An Ex partner was a retail designer/buyer she turned down a job offer with the group after a mate told her about his record of bullying and sexual harassment . Nasty piece of work.
Title: Re: Norton Motorcycles
Post by: Phmode on December 22, 2020, 05:58:01 pm
Close shave.

Back in the late '70's, an ex-girlfriend followed me south when I left the RAF and having been PA to Colin Chapman back in Norfolk, she was looking for something equally, how shall we say, out of the ordinary.

She popped along to a local big house in the country for an interview for a job as a nanny-cum-PA. (Quite how that would have worked was anyone's guess, but that was what 'madam and sir' wanted.)

'Madam' turned out to be Soraya, husband to Adnan. Despite the billions and the lack of a commute, she managed to turn down the offer from the Khashoggis. Often wonder what might have been...
Title: Re: Norton Motorcycles
Post by: fjtwelve on December 22, 2020, 07:11:56 pm
Said it before I'll say it again you should write a book of all these little stories you have. An autobrianography as it were
Title: Re: Norton Motorcycles
Post by: richtea on December 22, 2020, 08:15:05 pm
Sweet! I missed that first read through, fj. Nice.  8)