Texas Bicycling News Digest January 23rd 2019
A ‘gosh-awful mess’ — Head wants a ‘re-auction’ of ASE assets
www.bicycleretailer.com
Sales hearing is continued until next week after Head says $9 million in cash should be included in the sale. A bid by Ideal Bike might get another chance. CHAPEL HILL, N.C. (BRAIN) — Head’s bid to buy the assets of Advanced Sports Enterprises has become "problematic," in the words of one of ASE’s attorneys, or "a gosh awful mess," in the words of the bankruptcy judge.
At a sales hearing Tuesday, U.S. Bankruptcy Judge Benjamin Kahn did not approve Head’s $21.5 million offer for the assets and told the parties to renegotiate a purchase agreement and come back to him next week with a new offer to consider.
Head’s attorney said the company understood that the purchase included about $9 million in cash that ASE had on hand, in addition to other assets. ASE’s lawyers, as well as those of its …
Erwin Park Workday
DORBA | dorba.clubexpress.com
When: Saturday, January 26, 2019, 8:00 AM until 12:00 PM Where: Erwin Park Trail 4300 County Road 1006 McKinney, TX 75071 Category:Work Day Registration is not Required We have a bobcat scheduled to help move dirt with the trail rehab in addition to cutting a lot of new trail.
Horseshoe Workday
DORBA | dorba.clubexpress.com
When: Saturday, January 26, 2019, 9:00 AM until 12:00 PM Where: Horseshoe Trail Catfish Ln Grapevine, TX Category:Work Day Registration is not Required Friends of the trail will join forces to complete several items to get the trail back into riding shape. 9am to noon. Workday goals: new kiosk install and removal of old one, repair of fixit stations, tread work on Tubes 1 and 2, treadwork on Horseshoe Bridge section, raking other heavy leaf areas to allow for quicker drying, and trash collection. Work is open to all able bodies, we can certainly tailor to any restrictions.
Many thanks in advance, looking forward to seeing everyone.
Thanks to REI and Keep Grapevine Beautiful for the funds for a new kiosk.
Wednesday Training
Eduardo Salas (Cyclones) | www.strava.com
Are You Prepared For Your First Bicycle Rally?
Lisa Tilley | www.wheelbrothers.com
Whether you’ve just dusted off the bicycle from the garage, bought a new bike from your local bike shop or found new inspiration at the gym or spin class this winter, you’re probably wondering how to prepare for that first bike rally. If you think you’re already prepared, think again. But not to worry! WheelBrothers has your thorough checklist right here. …
