Eddy Planckaert bankrupt

Discussion in 'Road Cycling' started by steve, Feb 9, 2003.

  1. steve

    steve Administrator
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    Found this on http://www.cyclingnews.com does anyone know what type of business he was in? and what business he was in two years ago?

     
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  2. easyrider

    easyrider New Member

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    I am curious about that as well. It seems that there certainly has to be a life after cycling for most pros. The rare exception walks away with enough money to never work again, but unlike the high profile American sports, they don't receive instant millions when they sign their first contracts.

    Actually, that has become a sticky issue in some sports leagues, like the NBA. Veterans who have contributed for years make less than rookies are awarded before they ever step on the floor for a game. Pay based on perceived potential, I suppose.
     
  3. maarten

    maarten New Member

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    1 Wood
    2 Wood

    First in Lituania after losing control of this firm(word goes round to crimnal organisations)
    Later again same business in Poland beiing robbed(not literally) by his business parter.
    Made the obvious mistake, his name and the money he used to had open doors. But you have to get reliable people who know local markets in such difficult countries and there he failed twice.
     
  4. benne

    benne New Member

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    I think he was also making and selling polish wodka (before he went bankrupt for the first time).
     
  5. xavier

    xavier New Member

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    Life after cycling?

    Easy for the majority (98%) of us it means back to real life and jobs. Usually harder as many retire in their 30s with no real education or trade so it becomes an uphill battle.

    Many end up in the bike industry only to be broke a few years later. The bike industry is a very tough market where only the cheats and thiefs end up profitable.

    We already see many active riders trying ventures like Freddy, George Hincapie, Lance and others. But sadly we already know many of this ventures will go bust. Why? No loyalty and . . .

    So no surprise to see a rider hurting financially. I am surprised however to know it was made public. Usually not big news anywhere.
     
  6. maarten

    maarten New Member

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    Well Eddy is still famous. The Planckaerts are often in the news(JO is a Cofidis pro) and Eddy is in some shows. His business ventures where already in he news earlier(when they stil did fine). If a celebrity leaves a 1.2 million Euro bankrupcy this is news. I think it's because you are from US, cycling is much bigger over here and so things that happen to former top-cyclists make the news faster compare it to your movie stars.
     
  7. xavier

    xavier New Member

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    Very true.

    The impact such news have here in the USA are none.

    To begin I do not know of many that have heard of Eddy Planckaert here in the USA :( Let alone his affiliation to the curent cycling world.
     
  8. maarten

    maarten New Member

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    I live in Belgium and have an intense link to the cycling scene. I noticed talking to others in other parts of the world things I consider as normal and happen regularly are seen as very special elswhere, helps to put things in perspective.
     
  9. jules313

    jules313 New Member

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    Would you have a URL where information on Eddy Planckaert's TV show (De Planckaerts?) can be found ? I am fasinated to see this after hearing so much about the man. Don't speak Flemish, only French/English.
     
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