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-   -   Cigarette Racing Team Acquisition Of Doug Wright Designs Off The Table (https://www.offshoreonly.com/forums/general-boating-discussion/375268-cigarette-racing-team-acquisition-doug-wright-designs-off-table.html)

Eddienel 04-03-2022 01:59 PM


Originally Posted by Unlimited jd (Post 4827576)
So does this make the cat at the boat show a rare one off cig or do they peel the stickers off and it’s a Doug Wright again?

Now that was funny! 1 point Unlimited jd…

seafordguy 04-03-2022 08:28 PM

Not an attorney but I am an M&A guy - lot of gun jumping here…..

phragle 04-03-2022 10:50 PM

Im thinking in a couple years, there will be a boat company for sale at a price that might even allow Sunkin to claim ownership....

TexomaPowerboater 04-03-2022 11:08 PM

If your looking for a custom high performance boat builder you don't exactly want to see the new owner brag about quadrupling sales in one year and expect to grow by 10X. Quality will inevitably suffer under that growth target.

JPEROG 04-04-2022 09:55 AM

Based on public comments, the moves they have made surely don't support what Skip worked so hard to create and maintain. Dropping their number one dealer was another move that has people scratching their heads,-building product is one thing, placing it into the customers hands is another "pricey merchandise is sold by people who relate well to their customer base". They have a lot to prove at this point and I hope for the good of our hobby they succeed. Don is probably cussing up a storm as he watches from above thinking the brand could potentially go away if enough mistakes continue to be made.

Joe

Sunny32SSR 04-04-2022 10:32 AM

I bet Dad had a very stern conversation with his son following everything that led to this announcement 🤦🏻‍♂️

PremierPOWER 04-04-2022 10:37 AM

I could be wrong, but the new owner of Cig sounds like a complete douche bag.

offshoredrillin 04-04-2022 11:18 AM


Originally Posted by Sunny32SSR (Post 4827680)
I bet Dad had a very stern conversation with his son following everything that led to this announcement 🤦🏻‍♂️

sad part is those comments were from the dad...

JPEROG 04-04-2022 12:02 PM

I think a more accurate comment or quote would be "things get real when it comes time to WRIGHT the check". You can't change a deal from what your verbal agreement has been all along and you can't make internal demands and changes within a business that isn't yours yet. For those who don't know Doug Wright, he does NOT like to be told what he has to do-by anyone.

Joe

Interceptor 04-04-2022 12:58 PM

Don't forget Cigarette is now co-owned. The other partner Lionheart Capital may have had input.


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