Pro surfers and surf brands are, at times, rolling in more cash than they appear to know what to do with. Occasionally this leads to some interesting “investments.” From buying into a favorite sports team to surfboards that fold in half, here are some of surfing’s worst business moves.
Invest in your favorite sport’s team
Joel Parkinson recently lost a $446,000 investment in … More
Can a high-profile company led by a celebrity CEO come within two weeks of bankruptcy without anyone noticing?
In early 2013, electric automaker Tesla Motors came so close to running out of cash that its brash leader, Elon Musk, approached Google about buying the company, according to a new Musk biography.
A surge in sales of the company’s pricey Model S sedan staved off disaster. Musk broke off the Google talks, no longer needing … More
Erik Buell Racing, an East Troy motorcycle manufacturer previously owned by Harley-Davidson Inc., has ceased operations.
The company, with 126 employees, also is filing for court protection from creditors, Buell said Wednesday.
Erik Buell Racing is the sequel to Buell Motorcycle Co., which was owned by Harley-Davidson Inc. for more than a decade before Harley dropped the brand in 2009.
Initially, the new company produced hand-built $40,000 sport bikes for road-racing enthusiasts. More recently, it geared up to build a mass-production motorcycle that sells for about $19,000 but has a similar racing pedigree … More
During his pro mountain biking career Darren Berrecloth has suffered through back surgeries, cracked ribs and more broken bones than he likes to count.
But first-place prizes for freeride competitions remain only in the $25,000 to $35,000 range, he says. Between sponsorships and prize money, most freeriders make $50,000 to $200,000 a year. Compare those modest totals to the multi-million paydays enjoyed by athletes in traditional “stick and ball” sports leagues. Between salary and endorsements, NBA players earned an average … More