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FYI...

Expected to be closed within hours, Harley-Davidson is on the verge of selling MV Agusta to Claudio Castiglioni. Castiglioni was able to leverage the purchase of MV Agusta by using the funds that would have been generated by his stock buy-out, which is rumored to be between €20 – €30 million. For months now Castiglioni has been positioning himself with former Ducati Motor Holdings CEO Federico Minoli, the man behind the turnaround of Ducati and its transition to a lifestyle oriented brand. The pair are now on the verge of closing their acquisition.
With Castiglioni’s stock swap, no money it seems will actually be changing hands between the Italian and Harley-Davidson in order to complete the transaction. It’s speculated that the threats of lawsuits pertaining to Castiglioni’s minor shareholder position made outside buyers to MV Agusta less appealing to Harley-Davidson, who was looking for the cleanest exit possible from holding MV Agusta as a subsidiary.
MV Agusta has had a tumultuous past under Castiglioni’s influence, which may be his reason for including Minoli in the company’s future operations. Harley-Davidson it seems is the big loser in the deal, as the company has essentially invested a considerable amount of capital into turning around MV Agusta, and gotten nothing in exchange for it.
Look for an official statement on MV Agusta’s acquisition later today.
http://www.asphaltandrubber.com/news/claudio-castiglioni-purchase-mv-agusta-imminent/
 

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wow that is a trip
didnt c that comming
thanks for the post
 

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Bollox...............Thats a real shame, here we go down the pan again.:shitfan:
 

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Really? This will be not be the first time he's repurchased the company for a lot less than he paid. Where are the Protn-designed bikes? The HD-designed bikes? Neither of those other two owners added anything but money, though that was a big help. No Castiglioni? No MV. No Brutale, no F4, no nothing. And if you think about it, maybe no Ducati and no WSBK, either.

Before CaGiVa (Castiglioni) came in to save the operation, there were no 4-valvers, no water-cooled Ducs. And sales that were in the toilet. Without Castiglioni, Ducati probably would have gone the way of BSA and Norton. And with no Ducatis in WSBK, we sure wouldn't have had the epic twin vs four battles and none of the crowds, either. WSBK would probably be as popular as speedway racing or flat track.

I'll take Castiglioni and his vision any day. HD ownership or Malaysian bean counters running the joint is like a $25,000 pig leaking oil all over the driveway.
 

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Really? This will be not be the first time he's repurchased the company for a lot less than he paid. Where are the Protn-designed bikes? The HD-designed bikes? Neither of those other two owners added anything but money, though that was a big help. No Castiglioni? No MV. No Brutale, no F4, no nothing. And if you think about it, maybe no Ducati and no WSBK, either.

Before CaGiVa (Castiglioni) came in to save the operation, there were no 4-valvers, no water-cooled Ducs. And sales that were in the toilet. Without Castiglioni, Ducati probably would have gone the way of BSA and Norton. And with no Ducatis in WSBK, we sure wouldn't have had the epic twin vs four battles and none of the crowds, either. WSBK would probably be as popular as speedway racing or flat track.

I'll take Castiglioni and his vision any day. HD ownership or Malaysian bean counters running the joint is like a $25,000 pig leaking oil all over the driveway.
Yep, Castiglioni has the vision, he just seems to drive evrything into the ground for others to bail out-see copy/paste below

Despite its success, Ducati found itself in dire financial straits in 1995. It had been drained by unsuccessful attempts by other companies that belonged to the Castiglioni Group. Ducati was then absorbed by Texas Pacific Group. This was a blessing in disguise. Ducati now had a new group of international managers and good financial backing. The launch of the ST family enabled Ducati to enter the Sport Touring market. New management and old engineers teamed up to create record profits and sales.
 

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Yep, Castiglioni has the vision, he just seems to drive evrything into the ground for others to bail out-see copy/paste below

Despite its success, Ducati found itself in dire financial straits in 1995. It had been drained by unsuccessful attempts by other companies that belonged to the Castiglioni Group. Ducati was then absorbed by Texas Pacific Group. This was a blessing in disguise. Ducati now had a new group of international managers and good financial backing. The launch of the ST family enabled Ducati to enter the Sport Touring market. New management and old engineers teamed up to create record profits and sales.
Forget the wikipedia propaganda. Just looked at how Ducati sales plummeted over the TPG years. They put in some money, expanded production and sold a record number of bikes. Note it was the Castiglioni/Tamburini 916/996 that TPG rode to those record profits only because they added the money it took to make more bikes.

And where are the ST's today? That whole model sector failed miserably and was dropped completely. The first bike TPG designed? The 999. As ugly a piece of shit that was its sales were even uglier. Once the 996/998 was gone, sales and stock price dropped like a rock and TPG bailed. Castiglioni may be a thief, but name any one person who's done what he's done. Hell, there aren't many COMPANIES which have done as much....

F4, Brutale, Cagiva GP bike, 916/996, Monster - that model alone is 50% of Ducatis TOTAL sales - an all-out commitment to WSBK by a TINY company. Hell, without him Ducati wouldn't have the success it did in GP because they wouldn't have the race department and SBK history/engineering to build on.
 

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Forget the wikipedia propaganda. Just looked at how Ducati sales plummeted over the TPG years. They put in some money, expanded production and sold a record number of bikes. Note it was the Castiglioni/Tamburini 916/996 that TPG rode to those record profits only because they added the money it took to make more bikes.

And where are the ST's today? That whole model sector failed miserably and was dropped completely. The first bike TPG designed? The 999. As ugly a piece of shit that was its sales were even uglier. Once the 996/998 was gone, sales and stock price dropped like a rock and TPG bailed. Castiglioni may be a thief, but name any one person who's done what he's done. Hell, there aren't many COMPANIES which have done as much....

F4, Brutale, Cagiva GP bike, 916/996, Monster - that model alone is 50% of Ducatis TOTAL sales - an all-out commitment to WSBK by a TINY company. Hell, without him Ducati wouldn't have the success it did in GP because they wouldn't have the race department and SBK history/engineering to build on.
Never said he didn't have the foresight, he just can't run a company,
Lets just see how he manages MV this time.

Maybe Third time lucky?

The last twice have been disasters that's for sure
 

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I think the former Ducati CEO will be the wild card in this picture.

I wonder if this improves the chances of Tamburini coming back?
 

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The more things change, the more they stay the same. Seems true here.

Buy high, sell low; just like the bikes.
 

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Never said he didn't have the foresight, he just can't run a company,
Lets just see how he manages MV this time.

Maybe Third time lucky?

The last twice have been disasters that's for sure
Disasters? He sells to Proton for millions and buys it all back for 1 Euro... Sells to HD, they invest another 45 million over the purchase price and he gets it back for a stock swap, not one single cent out of pocket. In the mean time, the debt gets paid off, the parts delivery chain gets modernized and he's got new bikes to sell plus the 675 triple in the wings. On top of the F4 and Brutale.

Now, Mike, if those are "disasters" please send a few my way! ;)
 
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