Nah, that's horseshit. Sorry.

[/quote]

Not an expert, despite 10+ years doing mergers and acquisitions. Maybe in 10-15 more years and another 100+ deals, I'll be an "expert".

Really, no horse in this race, just stating the facts. Company A buying Company B does not automatically assume all liabilities. Especially this type which did not involve services or product. No transaction actually occurred.

I feel for the anglers that are missing out. Fortunately, they were good enough to do it once and can probably do it again.

OUCH

So everything transfers and is business as normal except for the 12 anglers? Yeah ok. If they are hurting for money that bad already they can use the $100,000 Gerald and BP had to pay to get out of that mess.

Randy Flowers favorite angler

I don't think anyone is saying BPT is legally obligated to pay the guys, but shouldn't need the law telling you to do what is right.

Its not like this was some bad corrupt deal made with a customer or vendor that put the company under. It is what these guys were fishing for. How many would have opted to fish BASS if there was no championship? How many would have paid those entry fees had they known there would be no championship?

Sorry, BPT screwed the pooch on this one. Make changes for future seasons and uphold promises made to anglers for the current season, that is the ethical thing to do.

I thought BPT was all about the fishermen, sounds to me it is all about the dollar.

Pure speculation here but I wonder if FLW was even in a position to make the Championship happen and pay out those guarantees hence why they sold out to MLF? Others on here have stated that FLW was in a very poor financial situation so it could have played a role in it. That would seem to make more sense that MLF buying them only to remove that from the people who have already qualified for it. Otherwise, this looks like a typical "hostile" take over to me which happens every day in the business world especially on the PE side where they are constantly looking for struggling companies that have potential to come in a take over, then pump and dump.

[u][/u]#1221784204/26/17 07:30 PM

Online Content
InTheClear
Extreme Angler

Joined: Sep 2012
Posts: 1,624
Southwest Texas
Originally Posted By: Bigron119
Originally Posted By: InTheClear
(Me) Elites, it not even a close comparison to me. I'd actually be shocked if FLW is even still around in 5 years?



(Him) roflmao
Gonna save this post!


(Me) Put it in your signature


Me getting blasted (4-26-2017) 2 years ago on here for predicting this!

The guys saying that FLW was folding are the same guys that believe everything that Duckett says. Boyd could jump off of a bridge and these guys would follow him. There hasn’t been anything truthful said by Duckett so far, other than “this a competition against BASS”.

It appeared to me that FLW was tanking. They eliminated fantasy fishing last year.

This right here is what I was waiting on. When your whole platform is growing the sport, then screwing fishermen out of money is not a good move to make on that platform. That's moving the arrow a different way. If any of us worked for a company and put in our time, get ready to retire, and then that company gets bought out and says "sorry, no bonus or retirement anymore, it's wasn't part of the buy out.", that's not gonna sit well with one man or family on this board, I don't care who you are.

One problem with your perspective.

Either FLW was financially weak (very likely) and sold because they weren't going to make it. "Cash out while you can" mentality.

Or....FLW was financially strong/stable and sold to MLF anyways, meaning MLF has a pile of cash to buy a business that is doing well. Also meaning that MLF is very deeply rooted into making this all work.

So...as one of the top MLF haters on this site, you are either saying FLW was weak or FLW was strong, making MLF also strong (which you have repeatedly said is not the case).

I can assure you that FLW didn't sell out of the kindness of their heart. So which is it?

And who are the guys that believe everything Duckett says and would follow him.