Jonathan Gault's story based on this interview is now up as well: https://www.letsrun.com/news/2...
Danicmic1 wrote:
The outrage should really be at the investor who backed out. I wonder what clause in his contract allowed him to prop up GST and then pull out before expenses were paid. That POS, would be riding high on the hog if it was successful and making money. He/she would be guaranteeing that they got their money
How many more times. He obviously didn’t have a contract. He had a term sheet loi or something else with no legal obligation
Grant is all class. Love the guy. Runs hard and has an amazing attitude.
Hopefully Grant who is a smart guy will learn from this too
pick an agent like mark wetmore with a law degree and qualifications to negotiate contracts
not one based on how fast they ran
i know that’s harsh but it seems if you run a 3.50 mile you can get clients
if you ran a 6 minute mile and graduate top of your law class at Harvard you can’t
FatSlowOldGuy wrote:
Hopefully Grant who is a smart guy will learn from this too
pick an agent like mark wetmore with a law degree and qualifications to negotiate contracts
not one based on how fast they ran
i know that’s harsh but it seems if you run a 3.50 mile you can get clients
if you ran a 6 minute mile and graduate top of your law class at Harvard you can’t
What would Wetmore have done differently?
MJ has 14m net worth according to google. He can easily pay the 3m
Personal guarantee. Almost the first thing you negotiate in dealing with a contract with a start up
I hate signing them but they are almost unavoidable when your a start up
calfshrug wrote:
MJ has 14m net worth according to google. He can easily pay the 3m
Which exactly why they should have insisted on a personal guarantee
although if you ran 19.3 fir 200 last century and have only turned that into 14 million net worth you haven’t done a very good job on the business end
FatSlowOldGuy wrote:
Personal guarantee. Almost the first thing you negotiate in dealing with a contract with a start up
I hate signing them but they are almost unavoidable when your a start up
I know athletes that have had Wetmore as an agent. He has not had personal guarantees for their race entries.
FatSlowOldGuy wrote:
i know that’s harsh but it seems if you run a 3.50 mile you can get clients
if you ran a 6 minute mile and graduate top of your law class at Harvard you can’t
What are you even talking about, Wetmore has WAYYYYYYY more clients than Cragg.
With a start up? Then I guess he’s not that good either
Yes wetmore has people like wightman..who’s dad was a lawyer
FatSlowOldGuy wrote:
With a start up? Then I guess he’s not that good either
Hobbs and Nico are still waiting to get paid by GST. Who represents them?
FatSlowOldGuy wrote:
Yes wetmore has people like wightman..who’s dad was a lawyer
So then why did you make this comment?
”i know that’s harsh but it seems if you run a 3.50 mile you can get clients
if you ran a 6 minute mile and graduate top of your law class at Harvard you can’t”
the best way Grant and the other athletes of GST can secure their payments
is to support Michael, not threaten him. I have 50+ years of finance and investment experience. The athletes dont. Deadlines missed simply test who is all in for GST versus who are just penny wise, pound foolish, greedy bastards.
Classic delaying tactics by GST. If they can't pay the $3m for Kingston, how on earth are they ever going to pay for the other meetings?
jamesdan567 wrote:
the best way Grant and the other athletes of GST can secure their payments
is to support Michael, not threaten him. I have 50+ years of finance and investment experience. The athletes dont. Deadlines missed simply test who is all in for GST versus who are just penny wise, pound foolish, greedy bastards.
They need to plug the hole in year 1 finances , where's that coming from ?
Year 2 would be less attractive to athletes as the spending budget will be tightened up
Sometimes people make big errors and it causes lots of problems. It would be better if people could be more forgiving but also that those who need to be forgiven are more transparent and forthcoming with the truth.
The legal systems origins are in the reality that people are not good at either and need a giant system of law to sort it out. Very often real justice nowhere to be seen.
Time for upset Grant Fisher. May he run on pure hate for the 5k final.
jamesdan567 wrote:
the best way Grant and the other athletes of GST can secure their payments
is to support Michael, not threaten him. I have 50+ years of finance and investment experience. The athletes dont. Deadlines missed simply test who is all in for GST versus who are just penny wise, pound foolish, greedy bastards.
You have GOT to be trolling
