Sunday, July 22, 2012

Luxembourg, Schleck, OLOS and Becca at Oxygenfedsport

My Orchids, 10 hanging there like Leopards. Photo ET




Is Team Leopard on a slippery slope? There seem to be too many negative signals for a  break-up to be an impossible scenario: unrest in the team, arguments about Bruyneel, pay checks, the lack of success, doping accusation against Frank Schleck, Cancellara taking a vacation from the Tour de France 2012, all those are not the attributes of a winning team, that stays together.
The article also presents Mr.  Flavio Becca's OLOS Fund, which has large liabilities among those short term in excess of € 300 million in the months to come. Cash flow doesn't seem to cover those and € 227 million need to be refinanced. What if there is no taker after the recent bad press?

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