There are plenty of new sails sitting at ports around the world waiting for Laser to just pay their bills - but that's not Farzad's way.....he doesn't really think he has to pay suppliers - he thinks they owe their success to him
It isn't as simple as just voting to allow other manufacturers'...
BK is dead right to try and resolve this. LP are so arrogant that they think it is "their" boat. They stopped paying royalties when they were financially crippled, and they would only pay people that were absolutely essential to get product out of the door, so the designer was not paid. This is...
Word is out that there is a meeting next week somewhere in US. Kirby, PSA and a European group will sign and agree the distribution for newly named Laser. Laser Performance are out.....though no doubt they will kick up, bitch and moan and try and go legal.....
Gonna get messy (messier)......
I see from today's news and forums that the sb3 class have managed to divorce themselves from LP. That must be a massive relief for them. Does anyone know the story?
Why can we not do the same thing with the Laser 1 and get a company that actually cares, carries stock, is run by sailors rather...
Probably not true - Farzard transferred the Laser 1 rights to a Chinese company. Chances are he will put LP into receivership and leave the creditors out to dry, and the debts if they are to be believed, are colosall. These people are not sailors, don't understand sailing and are doing our sport...
Anyone hear more that LP have also filed for chapter 11?
In true Farzad style, he has pulled the rug and trying to re start the whole thing through a Hong Kong company (exactly like what he is doing at Maclaren). The guy has absolutely no ethics or scruples at all. Sooner the class and the sport...
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