Lorenzo - Putting Money back into the sport

Good for him, it is good to see these guys putting their own money back into the sport.

I can't see any point in having loads of money stuck in the bank, just for bankers to earn money out of, spend it on something worthwhile, like the future of the sport you love!

<div class='quotetop'>QUOTE (bonnielass @ Apr 19 2010, 12:28 PM) <{POST_SNAPBACK}><div class='quotemain'>Good for him, it is good to see these guys putting their own money back into the sport.

I can't see any point in having loads of money stuck in the bank, just for bankers to earn money out of, spend it on something worthwhile, like the future of the sport you love!
Like Carlos Checa , he pumped loads of his own cash into the team LCR he was riding for.

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 12:47 PM) <{POST_SNAPBACK}><div class='quotemain'>Like Carlos Checa , he pumped loads of his own cash into the team LCR he was riding for.

I think paying for your own ride is slightly different to supporting other riders. Both are good for the sport mind so i'm in favour.

<div class='quotetop'>QUOTE (bonnielass @ Apr 19 2010, 12:28 PM) <{POST_SNAPBACK}><div class='quotemain'>I can't see any point in having loads of money stuck in the bank, just for bankers to earn money out of

It's not like saving money is without its benefits!

<div class='quotetop'>QUOTE (Tom @ Apr 19 2010, 01:53 PM) <{POST_SNAPBACK}><div class='quotemain'>I think paying for your own ride is slightly different to supporting other riders. Both are good for the sport mind so i'm in favour.
It's still helping keep poorer teams in competitive competition which is a good thing. Riders riding for no pay is as good as pumping your own money in imo and there's plenty who have done that over the years. Good on Lorenzo and all the other who have done what i mention.

<div class='quotetop'>QUOTE (Tom @ Apr 19 2010, 05:54 AM) <{POST_SNAPBACK}><div class='quotemain'>It's not like saving money is without its benefits!
Tom, c'mon man, its comments like this that get you into trouble. I'm sure you got Bonnie's point, but you had to be anal about it. Don't tempt the goodwill you have been enjoying. Wise up dude.

As to the topic, its refreshing. I wonder if he is also sponsoring somebody in World Super Sport, I think I distinctly saw somebody riding around with Lorenzo's helmet. That is very cool of Lorenzo.

<div class='quotetop'>QUOTE (Jumkie @ Apr 19 2010, 05:45 PM) <{POST_SNAPBACK}><div class='quotemain'>Tom, c'mon man, its comments like this that get you into trouble. I'm sure you got Bonnie's point, but you had to be anal about it. Don't tempt the goodwill you have been enjoying. Wise up dude.

Sorry i was just teasing bonnielass for not seeing 'any point' in having money in the bank rather than spending it!

Also, go back and read the thread again and you will find this

<div class='quotetop'>QUOTE <div class='quotemain'>Lorenzo is also sponsoring David Salom in World Supersport.

<div class='quotetop'>QUOTE (Tom @ Apr 19 2010, 09:59 AM) <{POST_SNAPBACK}><div class='quotemain'>Also, go back and read the thread again and you will find this
Oh, I missed that. Thanx.

<div class='quotetop'>QUOTE (Tom @ Apr 19 2010, 05:59 PM) <{POST_SNAPBACK}><div class='quotemain'>Sorry i was just teasing bonnielass for not seeing 'any point' in having money in the bank rather than spending it!

Also, go back and read the thread again and you will find this
But she did not say that ! she said


<div class='quotetop'>QUOTE <div class='quotemain'>Good for him, it is good to see these guys putting their own money back into the sport.

I can't see any point in having loads of money stuck in the bank, just for bankers to earn money out of

Notice she said "loads of money in the bank" not "having money in the bank". Maybe you should read the thread !

Still twisting people's words i see Tom !

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 06:27 PM) <{POST_SNAPBACK}><div class='quotemain'>But she did not say that ! she said

Notice she said "loads of money in the bank" not "having money in the bank". Maybe you should read the thread !

Still twisting people's words i see Tom !

whether it was loads, some or any money makes very little difference to me

<div class='quotetop'>QUOTE (Gaz @ Apr 18 2010, 02:24 AM) <{POST_SNAPBACK}><div class='quotemain'>Apologies if a repost, and while we know of many riders supporting others I found these references to Lorenzo doing the same

http://www.twowheelsblog.com/post/4180/jor...th-x-fuera-logo

MotoGP rider Jorge Lorenzo’s close friendship with Ricky Cardus is well known in Spain, but Lorenzo has announced via his Facebook page that he will personally and economically be sponsoring Cardus in the Spanish CEV Moto2 Championship.

Cardus was supposed to race in the World Moto2 Championship with Forward Racing (ex Hayate), but the deal fell through when the team preferred Jules Cluzel and first Valentin Debise then Claudio Corti leaving the talented Spanish rider with no place to go.

Now Jorge Lorenzo has come to the rescue of his friend and with his sponsorship Cardus has found a ride with the Laglisse team, which is considered one of the best in the CEV series and all four bikes will display Lorenzo’s personal ‘X Fuera’ logo.

Lorenzo also stated that after seeing the first Moto2 race in Qatar, he may consider forming his own personal team in the future.



Additionally as reported on Motogpmatters;

Lorenzo is also sponsoring David Salom in World Supersport. Lorenzo will almost certainly end up as a team manager, he is incredibly intelligent, and has a keen business sense. I'm always impressed by the intelligence of the guy.

Good to see these guys supporting the sport that supports them




Gaz

I had a very strange feeling that this would start to happen.

The rider is the income producing asset (if you will) and it's the results he generates that decide the success of failure of the campaign. There is no reason for established riders like Elias to answer to a team owner who brings very little to the table in Moto2 other than a relationship with Dorna.

In MotoGP someone like Gresini would be pivotal b/c he brings a level of sophistication that is in high demand by the manufacturers, the governing body, and the riders themselves. Moto2 is much more like the wild west b/c the organization structure has been flattened. The engines, clutches, transmissions, tires, and ECUs are provided by a third party supplier to an semi-open marketplace (all Moto2 entrants). All of the components appear to be provided on the open market as well by chassis suppliers, wheel makers, and suspension companies. The only thing the owners simply maintain a relationship with Dorna so they can secure an entry, and they do the due diligence to convince Dorna that the team is viable.

It makes sense that established riders with high credentials would actually employ a team/business manager to handle the details, but the profits generated by the team would belong to the rider. It will be very interesting to see how this power struggle plays out. Dorna could choose to protect established business partners by blocking rider-owned entrants, but then they might risk losing them to WSBK. But if Dorna let the rider's own the teams, there would be no reason for someone like RDP or CV or other established riders to screw around for low pay in GP when Moto2 will provide them with more autonomy and possibly higher pay depending upon how the sponsors respond in the long run.

Anyway, the answer may lie in the AMA. AMA just dismissed the manufacturers from the paddock and instituted WSS rules for the two main classes. The new rules have basically just promoted the major tuning companies to the role of "manufacturer". This may end up happening in Moto2, though, it would be against the stated purpose of the class. Teams like may end up building their own chassis (like Tech 3), but refusing to sell it on to privateer contingents.

It will be interesting to see what happens. I suspect more MotoGP riders will get involved in the class, and they might even race in Moto2. Someone like Lorenzo is probably out of the question b/c no factory will let him race both classes and he would never leave $5M euros on the table in GP to race M2, BUT some of the established underpaid MotoGP talent might be able to wiggle out of their contracts?

<div class='quotetop'>QUOTE (Tom @ Apr 19 2010, 06:43 PM) <{POST_SNAPBACK}><div class='quotemain'>whether it was loads, some or any money makes very little difference to me
Well to me there's a big difference. Theres having some money in the bank for security, rainy day , retirement ect, then there's loads of money that just sits in the bank earning greedy bankers more money because its more than you could possible spend in a life time . This type of money is nothing more than numbers and its nice to see it put to good use. Take Bill Gates and other very rich people who have now realised this.

Well done gorgeous George......great for the sport and brilliant pr. This guy continues to impress

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 10:59 AM) <{POST_SNAPBACK}><div class='quotemain'>Well to me there's a big difference. Theres having some money in the bank for security, rainy day , retirement ect, then there's loads of money that just sits in the bank earning greedy bankers more money because its more than you could possible spend in a life time . This type of money is nothing more than numbers and its nice to see it put to good use. Take Bill Gates and other very rich people who have now realised this.



Bill Gates net worth isn't cash, and it doesn't sit in a bank.

<div class='quotetop'>QUOTE (mylexicon @ Apr 19 2010, 11:14 PM) <{POST_SNAPBACK}><div class='quotemain'>

Bill Gates net worth isn't cash, and it doesn't sit in a bank.
Who said net worth ? He started the Bill & Melinda Gates Foundation with his personal fortune that ran into billions did he not ? Then Warren Buffett did the same.

<div class='quotetop'>QUOTE (mylexicon @ Apr 19 2010, 03:14 PM) <{POST_SNAPBACK}><div class='quotemain'>

Bill Gates net worth isn't cash, and it doesn't sit in a bank.
Yeah Rog, Bill Gates is poor. (Rog, u cant fight Lex-logic)

Lex prob blames Obama for that unspellable ....... volcano in Stupidland.

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 03:25 PM) <{POST_SNAPBACK}><div class='quotemain'>Who said net worth ? He started the Bill & Melinda Gates Foundation with his personal fortune that ran into billions did he not ? Then Warren Buffett did the same.

The endowment is in the billions of dollars--that means total collections. The foundation was started with a stock gift, like almost all rich people's not for profit foundations. In case you weren't aware, his organization is a humanitarian capitalistic organization. In other words they create false marketplaces and industries in the US and abroad. In theory, these markets will eventually become self sustaining as the velocity of money increases and the money supply with it.

This info is just sitting around in cyberspace for those of you who may not understand the arcane world of the rich man.

<div class='quotetop'>QUOTE (Jumkie @ Apr 20 2010, 12:02 AM) <{POST_SNAPBACK}><div class='quotemain'>Yeah Rog, Bill Gates is poor. (Rog, u cant fight Lex-logic)

Lex prob blames Obama for that unspellable ....... volcano in Stupidland.
You mean you cant spell Eyjafjallajokull well neither can i so i cut and paste.

i cut and pastew this to, just for Lex.

<div class='quotetop'>QUOTE <div class='quotemain'>The Bill & Melinda Gates Foundation (B&MGF or the Gates Foundation) is the largest transparently operated[4] private foundation in the world, founded by Bill and Melinda Gates. The foundation is "driven by the interests and passions of the Gates family".[5] The primary aims of the foundation are, globally, to enhance healthcare and reduce extreme poverty, and in America, to expand educational opportunities and access to information technology. The foundation, based in Seattle, Washington, is controlled by its three trustees: Bill Gates, Melinda Gates and Warren Buffett. Other principal officers include Co-Chair William H. Gates, Sr. and Chief Executive Officer Jeff Raikes. It has an endowment of US$33.5 billion as of December 31, 2009.[3] The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in the philanthrocapitalism revolution in global philanthropy[6], though the foundation itself notes that the philanthropic role has limitations.[5] In 2007 its founders were ranked as the second most generous philanthropists in America.[7]

So what are you trying to argue Lex ??

<div class='quotetop'>QUOTE (chopperman @ Apr 19 2010, 04:21 PM) <{POST_SNAPBACK}><div class='quotemain'>So what are you trying to argue Lex ??

I'm telling you you're in way over your head and you need to stop pretending to know about the uber-rich and how they structure their philanthropic ventures.

You kicked it off nicely with

<div class='quotetop'>QUOTE <div class='quotemain'>, then there's loads of money that just sits in the bank earning greedy bankers more money because its more than you could possible spend in a life time

Foundations like the Bill and Melinda Gates foundation are artificial capitalistic markets or humanitarian capitalism. They create market economies in order to involve other for-profit institutions who are usually working for reduced profit. They hope that a capital injection into an impoverished region will increase the velocity of money and the expand money supply which will eventually make the artificial market self-sustaining.

It's part of market-based capitalism. Socialists might know it as the most diabolical scheme ever visited upon mankind.