Welp…things not looking good for the upstart cycling league.
In return for signing non-disclosure agreements and returning all of their team-issued equipment, laid-off riders were reportedly offered the opportunity to buy equity in the company.
LOL…yeah, we are laying you guys off because our revenue stream doesn’t support the contracts we made with you. But if you give us back all that equipment, we’ll then let you invest your own money in the failing business you just got laid off from because it wasn’t working. Trust us, this is a sound investment opportunity.
I’d tell them to pound sand and keep the equipment to sell it and help pay my bills.