Yep. Owe M-Sport £7 million.
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Als antwoord op @pjhj51 @stevie__t_ en
It's a weird one with DMACK Still operating in Italy and cooper Tires have been making the tyres in the UK and we're opening a plant up north. Very weird one I know quite a few company gone bust one day and started up the next day. I've worked for a few of them.
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Als antwoord op @AlanBradbury211 @pjhj51 en
It's all about Brexit
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Als antwoord op @welshroadhog @pjhj51 en
Brexit. I not sure on that. I think DMACK have tried to go to big a bit too soon and its bit them in butt. Seen that happen over the years too.
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Als antwoord op @AlanBradbury211 @welshroadhog en
Their Twitter account hasn't been used since march, and I don't get any press releases from them anymore.
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Als antwoord op @Warren_S_Nel @AlanBradbury211 en
They lost a lot of money on chasing a lawsuit in China. Then had an investor pull out of their £20m factory development in Cumbria due to brexit and everything surrounding that. Have struck a deal with an Italian firm but the UK arm of DMACK are done.
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Als antwoord op @RyanTank82 @Warren_S_Nel en
They also owe £7.5m to M-Sport and around £1.5m to a M-Sport subsidiary. They expect the smaller amount to be paid when splitting assets but the big bulk will hurt M-Sport. Perhaps this is all to do with Malcom saying he put the business into the red for last 2 seasons to survive
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Als antwoord op @RyanTank82 @Warren_S_Nel en
Yes, think he knew this was coming.
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Als antwoord op @pjhj51 @RyanTank82 en
But we all know Malcolm will do anything to keep his team going been doing it too long now. Ford are helping him and the team. They see the potential still after 22 years since getting the contact to Run the rally operations.
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Let’s hope Ford give him a long term loan
Het laden lijkt wat langer te duren.
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