Are You Guys Richer Than Rick?

[GTR-N1]

Damelian (P/L) is in receivership.

Debt = $80,000,000

[N1GTR]

WOW!

[oweban]

HOOOOOOOOOOOLY CRAP

[r32-25t]

Just saw this on the news

[bored33]

I thought you meant Rick James

[Tats]

Are You Guys Richer Than Rick?

Yes, by approximately $79,999,978

[PIG747]

Spoke to some old work mates that are still working there.

Apparently the doors are closing tonight and not re-opening until they figure out what is going to happen.

That place has been going downhill for the past 3 years so it's not that surprising.

It probably didn't help him when strathfield car radio went under and he had something like $50m invested in it

[dori34]

fkk thats crazyyy

[oweban]

strathfield went under?

[JoelyMoley]

wow. just. wow.

[PIG747]

Linky

[waxracing]

Not by much. But I am a little bit richer

[Primordial]

It's been a tough game in automotive dealerships over the last few years.. The super groups like AHG are taking over and squashing most of the competition. My company had 20 or so dealerships a number of years ago, but we've pulled out and sold them all off completely now. Finance is where the money is at - unsurprisingly..

[GTR-N1]

Recent home conversation probably ends up like this...

Mrs D: What happened dear?

Rick: Those damn grey import importers! Every 10th car is a Skyline!

[hamiltonau]

i think your pretty silly not to buy privately and with your own savings anyway, so no sympathy for this guy even though he always had some nice eye candy in his windows..will miss that i guess.

[Hiroshima Screamer]

[ianjb]

The irony is that the only way to recover the debt is to sell his cars.

Something not even he could do.

[Black Widow]

It's been a tough game in automotive dealerships over the last few years.. The super groups like AHG are taking over and squashing most of the competition. My company had 20 or so dealerships a number of years ago, but we've pulled out and sold them all off completely now. Finance is where the money is at - unsurprisingly..

Surprisingly the place i used to work for is only expanding with dealerships...odd...and AHG tower over them

[MrStabby]

Aren't we supposed to be making jokes along the lines of "oh, well the cocaine market must have dried up"

[MaTBoY]

Recent home conversation probably ends up like this...

Mrs D: What happened dear?

Rick: Those damn grey import importers! Every 10th car is a Skyline!

Or an Evo. The new Skyline of the aussie market.

P.S. Someone hook me up with some high roller finance job!