375+ # 0384 | Page 161 | FerrariChat

375+ # 0384

Discussion in 'Vintage (thru 365 GTC4)' started by tongascrew, Jul 26, 2006.

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  1. cheesey

    cheesey Formula 3

    Jun 23, 2011
    1,921
    unless you are clairvoyant or are privy to the financial details of the settlement, you are not any more informed than anyone else... which should be nil...
     
  2. 250GTTDFZagatoCoupe

    Nov 4, 2012
    204
    Chicago
    Full Name:
    Josh Richter

    How is a replica worth 10s of millions of dollars?


    Sent from my iPhone using Tapatalk
     
  3. Couch

    Couch Rookie

    Nov 2, 2013
    5
    Its like my shovel , its had 5 new handles and 3 new blades but its still my shovel !
     
  4. WilyB

    WilyB F1 Rookie
    Rossa Subscribed

    Feb 23, 2007
    4,104
    AZ
    If Francism is in the legal profession in the UK, he doesn't need clairvoyance to have a good estimate of the legal costs incurred in London by the parties these past two years.
     
  5. francisn

    francisn Formula 3

    Apr 18, 2004
    1,938
    Berks, UK
    Full Name:
    francis newman
    I'm not in the legal profession but I have attended much of the London court hearings and have kept my ear to the ground. Although the settlement agreements don't allow any disclosure, and that has so far been adhered to, one does pick up bits and pieces here and there in passing.

    So yes, I do count myself as more informed than Cheesey.
     
  6. Enigma Racing

    Enigma Racing Formula 3

    Jun 1, 2008
    1,111
    London
    Full Name:
    Kim
    Ray, now that the dispute has been settled, may I ask if are you happy with the result and are confident that your family will receive your just recompense ?

    Under the terms of the original HOA the OC would have received 50% of the proceeds which equated to $9m USD (based on $18m achieved by Bonhams) and a payment to your wife of $2.7m (assuming Joe honoured his publicly declared and Court ordered obligation to give your wife 30%).

    You are no doubt aware that the Arbitration Authority concluded that Ford acted as Gardner's attorney and awarded him only 50% of the OC proceeds with the added sting that this would also cover any payment to your wife. Consequently, by my calculation, Joe will end up with significantly less than your $2.7m if he honours his agreement to you.

    To elaborate and assuming the OC end up getting what was originally negotiated i.e. $9m, then by my reckoning Joe will get $4.5m out of which he has to pay $2.7m to your wife, $900k to Dave 10% Clark and $467k to Gardner under the Arbitration leaving Joe with less than $500k to sort out the likes of Tim Smiths profit share, the Charles Morse deal, legal fees and any other side deals he's done.

    I have never understood why you chose litigation rather than just take the $2.7m but I fear there will be a lot more to come before you see your money.
     
  7. Enigma Racing

    Enigma Racing Formula 3

    Jun 1, 2008
    1,111
    London
    Full Name:
    Kim
    +1
     
  8. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Best recap so far....when was his last log in, here????
     
  9. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,645
    California, USA
    Full Name:
    Erik
    Three months ago.

    I'm surprised Ocean Joe has managed to remain so quiet in the aftermath.

    Perhaps the gag order was a physical one this time? :D

    >8^)
    ER
     
  10. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Contempt of Court has teeth in it....I sent all MY support checks in.

    I would have been driving an F40, had that not occurred....
     
  11. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    Phatboy hasn't been by since January of LAST year....
     
  12. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,645
    California, USA
    Full Name:
    Erik
    Ahh - the ever important year portion of the date. My mistake - thanks!

    >8^)
    ER
     
  13. Enigma Racing

    Enigma Racing Formula 3

    Jun 1, 2008
    1,111
    London
    Full Name:
    Kim
    #4013 Enigma Racing, Apr 26, 2016
    Last edited: Apr 26, 2016
    His one and only post number 1173 was on the 5th July 2014, one week after the Bonhams sale.

    Coincidentially, at that time Ford was subject to a gagging order and had not posted for over ten months but then pops up on the 9th July 2014 to congratulate Phatboy on his “great first post”

    What odds are you giving on Phatboy ever responding ?

    I will offer you better odds on his wife ever seeing $2.7m USD
     
  14. francisn

    francisn Formula 3

    Apr 18, 2004
    1,938
    Berks, UK
    Full Name:
    francis newman
    Ha Kim

    Ever on the ball :)
     
  15. Enigma Racing

    Enigma Racing Formula 3

    Jun 1, 2008
    1,111
    London
    Full Name:
    Kim
    #4015 Enigma Racing, Apr 27, 2016
    Last edited by a moderator: Sep 7, 2017
  16. francisn

    francisn Formula 3

    Apr 18, 2004
    1,938
    Berks, UK
    Full Name:
    francis newman
    Interesting!

    Still lots of mileage on this thread :)
     
  17. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,143
    Houston, Texas
    Full Name:
    Bubba
    His profile has an accurate location, we can go ask him.
     
  18. wrazz

    wrazz Rookie

    Jul 30, 2010
    2
    #4018 wrazz, Apr 28, 2016
    Last edited by a moderator: Sep 7, 2017
  19. wrazz

    wrazz Rookie

    Jul 30, 2010
    2
    #4019 wrazz, Apr 28, 2016
    Last edited by a moderator: Sep 7, 2017
  20. SEESPOTRUN

    SEESPOTRUN Karting

    Mar 26, 2010
    118
    Hello Mr. Kim,

    The mystery buyer has been identified in a Ferrari Market Letter document.

    The in-house notes from Gerald Roush wrote about the alleged stolen 375 Plus.

    Note: The carcass was sitting in the junk yard with a tree growing thru the engine bay

    therefore the straw purchase was not concluded. It turned out to be a scam.

    That document is located on page #198 at post #3955 dated 4/9/2016.
     
  21. Peloton25

    Peloton25 F1 Veteran

    Jan 24, 2004
    7,645
    California, USA
    Full Name:
    Erik
    #4021 Peloton25, Apr 30, 2016
    Last edited by a moderator: Sep 7, 2017
  22. ginge82

    ginge82 Formula 3

    Jul 23, 2012
    1,361
    Europe
    Full Name:
    Art Corvelay
    The crate of rusted out parts is the real car/history.

    Where's that?
     
  23. francisn

    francisn Formula 3

    Apr 18, 2004
    1,938
    Berks, UK
    Full Name:
    francis newman
    All the known original parts of the car are now in Les Wexner's ownership. Presumably they have all been shipped to him along with the car.
     
  24. nschots

    nschots Formula Junior

    Jan 7, 2011
    291
    Buenos Aires.
    Full Name:
    Nicolás Sch.
    Great photos Erik! Hope to see it at Monterey this year..
     

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