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Author Topic: Amiga fails to deliver cash, loses naming rights to Kent arena  (Read 6996 times)

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Offline ffastback

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Wayne wrote:
strictly guessing and playing devil's advocate here, I would say that Amiga Inc and the city of Kent had an agreement and/or maybe even a contract which specified how much and when was to be paid.  

Then, when the initial story broke and Kent officials were slammed with dozens of armchair lawyer types from {bleep}bunny to include our favorite Amiga stalkers and the 10,000 pages of "evidence", they (kent officials) probably got nervous, did a little investigating, and wanted to change the terms of the deal to include more cash up front.  

Since that wasn't part of the original deal, Amiga Inc walked.  Again, I haven't heard from or talked to anyone, but if I were to guess as to what AI's side of the story might be....


Wayne


Way off Wayne unfortunately.
The original letter of intent was for $5 million USD upfront.  Then Amiga negotiated down to $2.5 million upfront for the actual deal between all three parties (Kent, the Thunderbirds, and Amiga).  Then according to Kent they tried to negotiate it down further, even though an agreement had been completed and even though Kent stuck by keeping the deal open for months despite bad press.

http://tinyurl.com/3d99aq
http://tinyurl.com/2g5zds

Amiga has little reason for excuse that we can see, Kent's only demand after the bad press, to pay early, Amiga resisted.  And when Amiga resisted Kent gave in and let them have until the originally agreed groundbreaking date.  And Amiga let the date come and go without paying, which voided the deal.
 

Offline ffastback

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Re: Amiga fails to deliver cash, loses naming rights to Kent arena
« Reply #1 on: August 06, 2007, 07:16:27 PM »
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Wayne wrote:
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ffastback wrote:

As I said, I was strictly guessing as to what Amiga's side of the story might have been.

The real point of the story is that I don't see any real point in beating the dead horse here.  

Wayne


As webmaster of this site your conjecture can hold some weight with some was my thought there, I just wanted to make sure the straight story, as told by the media in interviews with Bill M. and Kent city officials and thru papers obtained by Rich Woods that your conjecture was way off the mark.

Whether this is a pertinant thread to discuss on this board in general, thats of course your call.  :)
 

Offline ffastback

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Re: Amiga fails to deliver cash, loses naming rights to Kent arena
« Reply #2 on: August 07, 2007, 05:37:50 PM »
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Wayne wrote:

Why is it funny?  It's very true.  Everyone is lined up to beat the dead horse here, some of you obviously have some pent up aggression.  If I were to offer my opinion, even caring that much any more is the sad yet funny part.

Wayne


Hello Wayne,

This thread was born out of a fresh news article at the time from a major newspaper outlet.  Amiga Inc. has been in the news a lot lately in at least three newspapers.  And this time people in the "real world" got screwed on a deal it seems.  It may be a familiar repeat in your mind to previous experiences you have seen with Amiga but that dosen't mean talking about this new occurance is beating a dead horse.  Nor is it certain that all of us have been so close to Amiga news over the years as you may have been.  I wasn't around for the $50 coupon thing or the t-shirts or the birth of MorphOS or the Thendic case if that helps with perspective.  Yes I have read about these things but I have to suspect its nothing like living through them when I read posts from other people.  So I would not be as quick to judge.
 

Offline ffastback

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Re: Amiga fails to deliver cash, loses naming rights to Kent arena
« Reply #3 on: August 07, 2007, 07:36:16 PM »
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Manu wrote:
@Wayne

Why not have then 10-20 questions session with
Bill now ? I suppose he has a lot to say.


What like this one where nothing happened?

http://www.amigaweb.net/index.php?function=view_news&id=612