by BillT » Sun Jan 24, 2010 7:02 pm
When John Bloor bought Triumph, he paid something like 44 million pounds for the works. His main intention was to develop the Meriden site into a housing community, which he did.
In the meantime, he licensed Les Harris to continue to build Bonnevilles while he built a new factory in Hinckley, and developed a new range of motorcycles. Harris built Bonnies through 1988, and the Hinckley Triumphs went into pre-production in '89, with customer sales beginning in 1990.
All in all, Bloor is said to have invested a little over 1 billion pounds in Triumph, though much of this investment was financed by the development of the Meriden property and licensing of the Triumph trademark. Supposedly, the company went into the black around 2000, and has been making money ever since.
I hope Mr. Garner understands this Norton venture may not pay off for a decade or more, if ever.
If he follows the lessons of Triumph and not of Indian, I think he can succeed.
Life is too short for cheap beer!
Norton 850 Commando 3030xx
Norton 750 Ranger 1289xx
Triumph 1050 Speed Triple