The Gold Coast’s richest surfer, Billabong founder Gordon Merchant, looks lined up to suffer a massive wipeout. Mr. Merchant, the largest shareholder in the iconic Gold Coast-based surfwear brand, could lose about $960 million from his stake in the home-grown brand which he started in 1973.
The board of the bruised and battered surfwear giant late yesterday indicated it had entered into a 10-day period of exclusive talks with Paul Naude, the head of Billabong in the Americas, and his private equity partner, Sycamore. They are trying to stitch up a cash-and-share deal that will mean the once-great surfwear giant falling in to   … More
The Surazo Windsurf Cup Event 1, the first in a three event race to determine the Chilean entries into the PWA event to be held in Matanzas in November 2013, was completed in spectacular fashion over the weekend.
The conditions made for a fantastic first event and the level of the local sailors was extremely high, with everybody in hot pursuit those all-important PWA National Association wildcards  … More
The little Porsche that could! Probably the least visually obvious car to take home the win at the Texas Invitational 6 Speed Challenge, this 1994 Twin Turbo Porsche C2 owned by Eddie Bello from New York dominated the field and took home the win!