[Rhodes22-list] Chris Cowie and GB

[Art Czerwonky]

Fellow skippers,
At some unknown point, probably better sooner than later based on a future for our Rhodes 22, some tangibles will add reality to the question of a potential partnership between Stan and other 'partners' for the future of GB and the R22.  Our fleet might prefer it named the Stan 22 or the Spitzer 22 - no humor or disrespect intended, just the realization of the aura he enjoys among many of our fleet members. A reality check would recognize that this may be of limited market value to 'outsiders' in a very competitive sailboat environment. Remember the. 80's!  This is one key ingredient (strength in future sales volume) in valuation.  What is a realistic value here - your decision.  
Second value - what would a realistic appraisal of hard assets reveal.  Include land, structures, machining, molds, etc. Decide what min/max could be under worst and best economics.
Third value - what would be the value of managing a partnership with Stan or would outright ownership be a better outcome.  I would suggest a 50% partner with any seasoned veteran would be a minor partner throughout such an arrangement.  Is this your wish and goal?
I shared the first two of these value judgements with Stan during our first dinner at Family Corral in 2006, when he recognized that we would have a 'strategic partnership' on my newly approved boom room. The third value was obviously avoided in our conversational.  I learned very quickly about this, however.  I want transformed from a mensch to an adversary within two years.
This post will no doubt be a twist of spice for Stan to churn, but experience speaks louder that words could ever.  When a partnership is in the offing, it will ultimately fail in the absence of a true and equal stake for each partner.
I believe a practical solution which would not apply in this case is a legitimate written buy/sell agreement with  'first to die' insurance in place. I am neither an attorney or insurance agent, but I suspect they would. agree with this opinion.
I hope this makes sense to my fellow skippers.  
Best regards, always, and a belated Happy Birthday to Stan.
Art Czerwonkys/v MaryJane
Sent from Yahoo Mail on Android 
 
  On Tue, Aug 28, 2018 at 11:44 PM, Stan Spitzer<stan at rhodes22.com> wrote:   
Hi Luis,

A partnership contingent on a lottery ticket is the best offer I have 
had so far.

What are you currently doing?  Best we chat privately.  I can get pretty 
nosey before a proposal.

  stan at rhodes22.com

On 8/28/18 5:32 PM, Luis Guzman wrote:
> Stan,
>
> I woukd love to create a partnership with you. I'm willing to move there
> and learn every aspect if the business.
>
> The only problem is that I have not won the lottery yet. Though, I believe
> I'm very close to wining it. I just have to remember ti buy the dam ticket.
>
> Maybe I should try to do one of those GoFundMe campaigns to raise the funds.
>
> Luis
> S/V 1983 Aquetxali
>
>
>

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