By on October 21, 2011

 

The man in the weineresque photograph is Alex Mascioli, head of North Street Capital in Greenwich, Conn. Supposedly, he will come up with $70 million by this weekend to save Saab form the abyss once more. Not much is known about the man –  Wait, I take that back.

Mascioli is a racecar driver. A luckless racecar driver, but it’s not for a lack of trying. Freebase says “he has the second most starts without a win.

Mascioli also is a very private man: When you go to the Freebase page that praised his many attempts at winning car races, you find – nothing. His picture and the stuff about the many unwon races have been removed. The entry went on to say that “ The original description for Alex Mascioli was automatically generated from Wikipedia.org.” However, there is no page on Mascioni in Wikipedia. There was one, but it had been deleted. Reason given:

Violates WP:BLP by noting a recent arrest without providing a reference.” And: “Three or four searches didn’t turn up this name in connection with any race car/Indy material … the rest is non-notable.”

Apparently, Mascioli forgot to purge the shirtless picture from Flickr – any guess how long it will last there?  At least it’s a little tasteful: There is only a hint of underpants, the bulk (or lack thereof) has been discreetly cropped away.

A trademark search unearthes Alex Mascioli as the holder of the “Hampton Dog” trademark, apparently for high-end dog collars and dog leashes. It looks like that business went to the dogs: The USPTO lists the mark as abandoned. Mascioli also dabbled a bit as an auto writer – in the self-published genre.

His track record as a global financier remains murky. A search of deals finds very little. The alleged “employee owned hedge fund company” is listed as less than one year old.  That edit was made by Alex Mascioli himself.

In my desperation, I called my friend who runs several hedge funds from a trading room discreetly tucked away in a strip mall in New Jersey. He knows everybody. Everybody except Alex Mascioli.

“Never heard of him.”

“It says he has a hedge fund.”

“You won’t believe how many people say they have a hedge fund. There are more funds than hedges! Gotta run!”

Even the faithful at Saabsunited have their doubts that the half-naked man has what it takes to save Saab:

“Google 500 West Putnam Street, Suite 400, Greenwich, Ct and you find that it belongs to a virtual office company called Regus . North Street Capital’s fax number, for example is the generic Regus one. While there is nothing inherently wrong with having a virtual office, from Regus website: ’Clients sign a one-page agreement and can move into their new space literally overnight. A Regus Virtual Office gives you an enhanced business image, complete flexibility and support without the overhead.’

And this Co is going to rescue Saab ???”

Our words exactly.

(Hat tip to you-know-who. The Swedish Chef has his day off.)

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18 Comments on “Our Daily Saab: This Man Gives His Last Shirt To Save Saab...”


  • avatar
    mike978

    Wow, the Saab saga goes from the sublime to the ridiculous. Thanks Ed and Bertel for persevering with this.

  • avatar
    love2drive

    A vote of protest for the day off granted to the Swedish Chef.

  • avatar
    VanillaDude

    I think the photo is silly for an auto executive, but I think Lutz had a few shots of his abs in his curriculum vitae if I’m not mistaken.

  • avatar
    Mr. Sparky

    “The Swedish Chef has his day off.”

    Oh, good. For a moment, I thought the Swedish Chef had hit the gym and gotten a wicked six pack. It seems more plausible than this gentlemen owning a hedge fund, much less a hedge fund with enough capital to save Saab.

  • avatar
    Robert.Walter

    Ever notice how water spins fastest just as it’s about to enter the drain?

    I think SAAB has pretty-much reached terminal rotational velocity and is about to permanently transform from a “going” to “gone” concern…

    This, however, will not be the end of the SAAB story, I predict the epilogue (thanks for teaching me that word Quinn Martin) to the whole SAAB-story will be as delicious and filling as a proverbial smorgasbord!

  • avatar
    Ingvar

    The latest news from Sweden is that Youngman/Pang Da got tired of Muller and tried to make a deal to buy Saab flat off for about a billion dollars. Hundred percent of the company, on the condition that Muller got kicked the hell out of Dodge. Lofalk tried to negotiate the deal, but Muller refused, as that would see him lose total control of the company. When Muller refused, Lofalk saw no other way than to to halt the reconstruction, as he saw no better deal on the horizon. Either Muller have to clear up his own mess, or the company will declare bankruptcy and the chinese will buy it from there. Muller had his chance…

    • 0 avatar
      Paul W

      I don’t think Mr. Muller would appreciate that you keep spelling his name as if he was German.

      • 0 avatar
        Ingvar

        Sorry, lapse of thought. Or rather, a case of hypercorrection. I always thought that was the proper way to spell his name, and the dots just got lost in translation. But after having checked the facts, I stand corrected.

        http://en.wikipedia.org/wiki/Hypercorrection

  • avatar
    FreedMike

    This site is always looking for more female readers…

  • avatar
    eldard

    Try Facebook: https://www.facebook.com/profile.php?id=1654059134 There’s a pic with the Spyker and Saab logos uploaded 2 years ago.

    • 0 avatar
      Its_Magic

      Two years ago? Five days ago you mean. That ‘picture’ was made by a Swedish newspaper.

      “Picture on the front page of Swedish national newspaper today.”

      Funny is that Hans van Rennes ‘liked’ the picture. Hans van Rennes is Vice President at Spyker Cars.

  • avatar
    jeff_vader

    Does anyone actually have any infomation with regard to this guys Indycar/Indy 500 career? He would appear to have been entered for the 2010 race and I can find a picture of him standing in the cockpit of a Dallara in the standard pose but I can’t find evidence of him setting a time.

    Did he actually even go out or were there ‘funding issues’?


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