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Nah, Walmart boys have it in check (geddit?).
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They’ve lost over £100 million since 2018. How’d that happen? Surely after the first £19.8 million loss in 2018 that should have been it?
Where does the money come from? Did they start with a pot of £200 million and they’re just waiting to become profitable some day? Why would anyone be investing in them if they’ve consistently posted losses in the millions?
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Didn’t know Milltag had folded.
£32 million loss in 2019?? I don’t know if it’s crazier that they lost that amount of money in an otherwise normal year or that they’ve been kept alive up until now, having last turned a profit in 2017 (£1.4 mill).
Their investor relations people must be world class.
coventry_eagle
M_V
Leshaches
@bigshape
rapha next?
https://www.cyclingweekly.com/news/rapha-posts-pound12m-loss-marking-six-years-in-the-red