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  1. #1
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    05.31.12 @ 04:45 PM
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    I was trying to analysis whether the reunion hold up is alegal thing, an ego thing, or a health thing. And it began to dawn on me that Ed's cancer would actually be a legal problem preventing a reunion.

    When a band tours, they are financed by backers. The same goes for making an album. One of the first thing any financial backer is going to ask for is that the performers are insured.

    If a backer pays 10 million dollars for a tour and Ed has to cancel the tour because of cancer; then that backer loses his money, plus whatever legal issues arise.

    The backer would certainly want to take out insurance on Ed to hedge against the possibility of him not being able to perform. If Ed has cancer (even if its not life threatening) the cost of that insurance would be enormous if he could even get insurance.

    There is no way anyone would finance a Van Halen reunion without that insurance. The reunion or album can't happen without ED, so its very likely that everyone is waiting until Ed is officially stamped cancer free, and reasonable insurance can be purchased for him.

    This seems to fit into the chain of events. Ed probably is healthy, but not 100% cancer free. Still that would prevent him from getting insurance. In fact, I would assume that most insurers would want Ed to be cancer free for at least one year before insuring him.

    NO ONE is going to back the tour and album without this insurance. Even if Van Halen themselves financed the tour, they would probably need this insurance, as it is likely they could lose more than they own if Ed has to pull out of a tour. Plus Dave would probably want that kind of guarantee that his money is safe.

    To sum it up, Ed may be fine, but he may not be insurable for some time. This is not the kind of news Van Halen is going to publicize, so the silence continues.

    [ January 11, 2002 at 12:28 PM: Message edited by: Nerf Herder ]</p>
    "The last singer was a singer, I am THE singer" - DLR

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    Sinner's Swing! twonabomber's Avatar
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    12.08.16 @ 03:21 AM
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    more than being a legal issue, Ed's health is his own business, not ours.
    "is this a good show tonight, or fuckin' what?" - DLR, Montreal, 11/10/07

    Toronto 10/7...Cleveland 10/10...Toronto 10/12...Montreal 11/10

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    <blockquote>quote:</font><hr>Originally posted by twonabomber:
    more than being a legal issue, Ed's health is his own business, not ours.<hr></blockquote>

    Correct, I agree. However a financial backer is going to need Ed, Alex, Dave and Mike to be insured. If one of them can't get insurance, FOR ANY REASON then the reunion is not going to happen.

    So if we are going to discuss why there is no reunion, we have to accept that Ed's lack of ability to get insurance is a good possibility since we know he had cancer.

    No need to stock him, or steal his medical file, but it is a valid discussion point.
    "The last singer was a singer, I am THE singer" - DLR

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    Sinner's Swing! Zahzoo's Avatar
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    11.04.17 @ 06:01 AM
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    Nerf, this is the best analogy/speculation I've seen in long time. It makes sense too. My hat's off to you bro!!!! You may have nailed it down!!
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  5. #5
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    02.14.17 @ 07:28 PM
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    Donor

    no one can underestimate the seriousness of ed's cancer.
    even if he's beating it, he still has that crap eating him up.
    don't you think being on tour in a situation he hates is the last friggin' thing he wants?


    look, the band doesn't hate its fans. they are very bad at communicating with us, but they've never been good at it since they stopped making their own flyers before they got a record deal.

    this isn't new.
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  6. #6
    Baluchitherium
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    12.31.69 @ 04:00 PM
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    <blockquote>quote:</font><hr>Originally posted by Nerf Herder:


    Correct, I agree. However a financial backer is going to need Ed, Alex, Dave and Mike to be insured. If one of them can't get insurance, FOR ANY REASON then the reunion is not going to happen.

    So if we are going to discuss why there is no reunion, we have to accept that Ed's lack of ability to get insurance is a good possibility since we know he had cancer.

    No need to stock him, or steal his medical file, but it is a valid discussion point.
    <hr></blockquote>


    This is the most original thread I've seen in a long time. Thanks for a different perspective.

    I suppose since you brought up insuring all of the band members, we have to take a good look at Al, also. He has some sort of thing going on with his neck that gets progressively worse, I think
    and he hasn't been seen at all. Maybe it's time to look at the possibility that both brothers have health issues going on.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<br /><br />God Bless the USA!!!!<br />~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  7. #7
    Atomic Punk MikeL's Avatar
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    03.03.15 @ 08:31 PM
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    Donor

    Interesting point, nerfherder. Haven't seen that one brought up by anyone before! [img]smile.gif[/img]

  8. #8
    Romeo Delight
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    07.05.08 @ 09:25 PM
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    Not too sure about that, IMO.

    Some guy is trying to buy HALF of the Red Sox for $740 MILLION DOLLARS.

    There are plenty of people that have the money to back a tour with of this magnitude. The potential reward is much too big not to at least TRY to tour.

    Just my thoughts.

  9. #9
    Baluchitherium
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    09.15.15 @ 08:40 AM
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    um, the reunion can still happen if ed has cancer, you just may have to wait a little longer. be careful what you mean by that. [img]smile.gif[/img]
    and yes, this is definitely an interesting idea. it could very well be a possibility.

  10. #10
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    <blockquote>quote:</font><hr>Originally posted by Sunday Afternoon:
    Not too sure about that, IMO.

    Some guy is trying to buy HALF of the Red Sox for $740 MILLION DOLLARS.

    There are plenty of people that have the money to back a tour with of this magnitude. The potential reward is much too big not to at least TRY to tour.

    Just my thoughts.
    <hr></blockquote>

    This is actually different than buying a sports franchise.

    The guy in your example is buying something he can sell (ie:A proffesional baseball franchise). Even if all the players die, and the stadium burns to the ground, he can still sell his franchise at a good price.

    In the case of the reunion tour, the only thing you are financing is Ed, Al, Mike and Dave's services. If one of them is very sick or dies (god forbid) there is nothing to sell. The money invested in stadium rental, stage equipment rental, promotion, contract negotiations and labour contracts is gone. Only insurance can make up a portion of that loss.

    That is why it is vital Ed has insurance. With out it, there is no reunion.

    [ January 11, 2002 at 06:17 PM: Message edited by: Nerf Herder ]</p>
    "The last singer was a singer, I am THE singer" - DLR

  11. #11
    Baluchitherium Guitar Shark's Avatar
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    03.01.10 @ 10:22 AM
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    Donor

    This is interesting, but it still makes no sense to me. What kind of insurance are you talking about? I work with insurance policies on a daily basis and I cannot even conceive of what type of policy this would involve.

    Maybe I'm missing something... Nerf did you have a specific type of policy in mind?


  12. #12
    Baluchitherium Guitar Shark's Avatar
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    03.01.10 @ 10:22 AM
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    Donor

    My last post didn't show up... PTSP!

  13. #13
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    12.11.17 @ 01:35 PM
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    great theory here nerf! good job

    this is kinda scary man, i mean, look at this....gene simmons played for frikkin years with ace frehley and ace looks like shit. and with all the band has been through, for gene to say to say a prayer for ed, it must be real serious.

    waiting is the worst part, i just wish i knew what was happeneing

    JMJ [img]graemlins/cry.gif[/img]

    [ January 11, 2002 at 10:26 PM: Message edited by: JMJ ]</p>
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  14. #14
    Unchained Olen's Avatar
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    11.19.17 @ 06:25 PM
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    Nerf Herder: I have to agree w/ Guitar Shark in that this insurance coverage does not make a lot of sense. I have seen a couple of promotion contracts before, and the only provisions for "insurance" I have seen are for health/safety issues that might come into play for accidents that happen at the performance site.

    What you are proposing is actually covered in the "Promotor's Contract" as a liquidated damages clause for failure to perform or fulfill the contract. This is the typical form of "insurance" that a financial backer or promoter might need.

    For instance, a clause in a contract might read:

    "If Van Halen fails to perform on (x date), Van Halen will pay (x dollar amount) to Backer as liquidated damages."

    This example is an obvious oversimplification, but that is the general form that it would take.

    I'm not saying that what you posted is necessarily implausible or wrong, but my experience and instincts tell me that this situation is handled w/in the contract as a "failure to perform" clause w/ liquidated damages attached as insurance against whatever the failure may be.
    "The love, the echoes of long ago . . . You needed the world to know, they are in Xanadu . . ."

  15. #15
    Romeo Delight
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    07.05.08 @ 09:25 PM
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    <blockquote>quote:</font><hr>Originally posted by Nerf Herder:


    This is actually different than buying a sports franchise.

    The guy in your example is buying something he can sell (ie:A proffesional baseball franchise). Even if all the players die, and the stadium burns to the ground, he can still sell his franchise at a good price.

    In the case of the reunion tour, the only thing you are financing is Ed, Al, Mike and Dave's services. If one of them is very sick or dies (god forbid) there is nothing to sell. The money invested in stadium rental, stage equipment rental, promotion, contract negotiations and labour contracts is gone. Only insurance can make up a portion of that loss.

    That is why it is vital Ed has insurance. With out it, there is no reunion.

    [ January 11, 2002 at 06:17 PM: Message edited by: Nerf Herder ]
    <hr></blockquote>
    Maybe I was a little unclear.

    I'm saying that there are many people that could invest $20-30 million dollars on the chance of making a couple hundred million on this reunion and not blink if they lost all $30 million...

 

 

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