BREAKING NEWS! Fanatec Runs Out Of Money And Is Being SOLD To Corsair!

Поделиться
HTML-код
  • Опубликовано: 7 май 2024
  • As I have reported on for months - Fanatec is now confirmed as imminently illiquid, and CORSAIR have swopped in to buy the pieces. Huge drama.
    The complete truth about Fanatec, customer service, shareholders, hedge funds, bankruptcy - it's all here.
    The explosive, unedited interview with Fanatec CEO Thomas Jackermeier where I ask him YOUR QUESTIONS on the Fanatec Black Friday orders, customer support tickets, the ClubSport DD+ not shipping, warranty dates, shipping in different boxes and MORE. Thank you to everyone who responded on RUclips and to the Sim Doctor newsletter asking for your questions.
    Sim racing influencers owe it to you to ask these tough questions and represent you with these sim racing manufacturers. If you feel like they are not representing you, ask them why not.
    After the interview Fanatec added the following in respect of warranties:
    "The warranty start date shown for any product in a Fanatec account is based on the shipping date of the order. This means if the customer purchases a pre-order item, the purchase date has no bearing on the start of the warranty coverage. If the customer requires support towards the end of the warranty period, we take the date of delivery into account."
    ✅ Sign up to my FREE weekly sim racing newsletter here! www.simracenews.com
    ✅ Coaching enquiries: coaching@kirethk.com or www.getfasteronline.com
    ✅ Business enquiries: business@kirethk.com
    ❤️‍🔥 Help Yourself With Discounts! ❤️‍🔥
    ✅ 5% off GT Omega Sim Racing Rigs And Equipment
    ✅ CODE: KIRETH5
    ✅ www.gtomega.com/
    ✅ 5% off Logitech G equipment INCLUDING the Logitech G Pro Wheel and Pedals
    ✅ CODE: KIRETH
    ✅ logi.gg/kireth
    ✅ 8% off the Pimax Crystal VR Headset!
    ✅ CODE: KIRETH
    ✅ pimax.com/?ref=kireth
    ❤️‍🔥 Become Part Of My Community! ❤️‍🔥
    ✅ SUBSCRIBE (It's free!!)
    ✅ ruclips.net/user/Kireth?sub_...
    ✅ BECOME A MEMBER (Support me from as little as 99c a month, and get exclusive perks!)
    ✅ ruclips.net/user/kirethjoin
    ✅ JOIN OUR DISCORD (It's where we all hang out!)
    ✅ / discord
    ❤️‍🔥 Affiliate Links To Products I Use! ❤️‍🔥
    ✅ Check out iRacing plans with this link (This helps me out with iRacing credit!)
    ✅ www.iracing.com/membership/?r...
    ✅ Browse Moza Sim Racing Equipment
    ✅ mozaracing.com/?ref=kireth
    Please note that links may be affiliate links which would mean I could receive a commission payment if you purchase!
    #kireth #FANATEC #simracing #granturismo #forza #forzamotorsport #xbox #playstation #forzathon #maplevalley #forzavsgranturismo #gt7 #forzamotorsport8
  • ИгрыИгры

Комментарии • 539

  • @Kireth
    @Kireth  Месяц назад +15

    If you're a fellow sim racer and would like to support me, please check out my Gran Turismo Beginner Masterclass here 🙃 www.getfasteronline.com/

    • @MCR.88
      @MCR.88 Месяц назад +3

      Curious why you don't play PC is you are this dedicated to Sim Racing?

    • @virtualawakening2299
      @virtualawakening2299 Месяц назад +1

      Don't diss him. I have serious skill issues and them aliens like Jardier are factors of several seconds faster than me! If Kireth were to have to do serious games like ACC, LMU and iRacing, his times would be dismally uncreditable! That's why he consoles!

    • @Kireth
      @Kireth  Месяц назад +4

      My latest video on the channel is me playing Le Man Ultimate on PC 🙃

    • @MCR.88
      @MCR.88 Месяц назад

      @@virtualawakening2299 No disrespect just wondered as I have started to see his shorts were all GT7.

    • @lasarith2
      @lasarith2 Месяц назад +1

      So they drove themselves to bankruptcy 🤔

  • @shaggyego
    @shaggyego Месяц назад +41

    I cant help but feel their unwillingness to actually go through retailers is probably what have cause the biggest downfall, they were still effectively dealimg with individual orders when they should be shipping out 100s of units to single addresses for a lower profit margin, i really like my fanatec gear but im no fanboy of it, i just enjoy playing gran turismo and i really dislike logitech wheels

    • @Kireth
      @Kireth  Месяц назад +9

      I feel you're right. Being a D2C is the golden ticket, if you can scale. If you can't it gives you a headstart but then bites horribly

    • @shaggyego
      @shaggyego Месяц назад +6

      @Kireth exactly, not to mention if you miss an order, a store goes without 20~30 units for a week, that's 1 commerical complaint... D2C... that's 20~30 very loud and passionate individual complaints... I think it'll be good news with corsair, they aren't a nobody brand, but something people seem to completely forget, the 200 or so employees that still seem pretty passionate about their craft.

    • @stevep927
      @stevep927 Месяц назад +11

      I offered Thomas the opportunity to open a US warehouse and maintenance service center 4-5 years ago. I had proven myself to him by doing all US repairs and warranty exchanges for nearly two years. I had secured warehouse space with a storefront . The possibilities would have been unlimited. In the end after talking directly with Thomas and his representative who came to the US they decided to not extend support to the US. Big mistake. As far as their financial troubles we don't know if Thomas purchased boats and sports cars,etc. I wouldn't assume the actual merchandise was unprofitable

    • @MarkNOTW
      @MarkNOTW 18 дней назад

      @@stevep927Thomas is clearly not an operational/logistics guru.

    • @stevep927
      @stevep927 15 дней назад +1

      @@MarkNOTW When I spoke to him directly that was painfully obvious to me within a matter of seconds

  • @seanchristophersynthesizer6999
    @seanchristophersynthesizer6999 Месяц назад +82

    It took 3 months, but I'm happy for PayPal finally forcing Fanatec to refund me. I just got my money this morning and feel like I dodged a bullet.

    • @codywright2890
      @codywright2890 Месяц назад +4

      So I'm thinking about doing the same thing... I just bought the dd pro and I started seeing all this stuff going on. Should I contact PayPal and get a return going immediately? I just spent 1000k

    • @downloadingbt8020
      @downloadingbt8020 Месяц назад +1

      I didn’t use PayPal and never got my refund…

    • @Invin_cibles
      @Invin_cibles Месяц назад

      @@codywright2890 Absolutely.

    • @Invin_cibles
      @Invin_cibles Месяц назад

      @@downloadingbt8020 Your bank most likely has a chargeback service. Get in contact with them.

    • @stevep927
      @stevep927 Месяц назад

      @@downloadingbt8020 It's called extortion by Thomas . He should be in jail

  • @The_BenboBaggins
    @The_BenboBaggins Месяц назад +5

    I hope this works out for the people working at Fanatec and customers past, present and future

  • @Olddufferracing777
    @Olddufferracing777 Месяц назад +6

    Really appreciate your work keeping us updated Kireth! It's good news as far as I'm concerned, hopefully it will be a good move buying their products in the near future..

  • @GG-si7fw
    @GG-si7fw Месяц назад +46

    They were spending too much money on marketing. That should of been the first area they should made budget cuts.

    • @TheKevMaster
      @TheKevMaster Месяц назад +6

      Yup. They don't need as much marketing

    • @mazyata9958
      @mazyata9958 Месяц назад +5

      Yeah way too much on marketing. Everyone knows this. Too bad many mainstream RUclipsrs fail to mention this to consumers. Or they are doing damage control since they are getting a free product to test.

    • @filipivan5125
      @filipivan5125 Месяц назад +1

      Marketing is everything nowadays. Trash products/companies gain customers if they heavily focus on marketing. Fanatec couldnt handle the customer increase last BF. Thats not a marketing issue…

    • @GSSimRacing
      @GSSimRacing Месяц назад +3

      The reason for their losses was cost of goods was not controlled. Marketing spend was not above what you'd think. This is clear from flicking through their financial statements.

    • @SilverHolland
      @SilverHolland Месяц назад

      ​@@filipivan5125 With good products and value for money, the power of the internet makes you go viral.

  • @scottgriffiths8525
    @scottgriffiths8525 Месяц назад +7

    Well done Kireth for speaking out. None of the other guys are talking. Guess I won’t see my £600 refund from November still not settled.

  • @legendarykrbx5659
    @legendarykrbx5659 Месяц назад +36

    I am already stressed rn and yet this is making things a lot fucken worse, they better not fucken touch the pricing for them

    • @tallicafan8
      @tallicafan8 Месяц назад +9

      Lol. They are.

    • @shishkebaba
      @shishkebaba Месяц назад +12

      hopefully it goes down because corsair will be more competent at distribution and logistics

    • @Invin_cibles
      @Invin_cibles Месяц назад

      lmao imagine being such an incel peasant to be stressing about this lmao.

    • @VisualAnthony
      @VisualAnthony Месяц назад +8

      better chance of a price decrease with Corsair in charge. time will tell.

    • @jermanoid
      @jermanoid Месяц назад +12

      Wouldn't worry about the price going up as much as the quality going down

  • @shawnreap
    @shawnreap Месяц назад +14

    This could be a very good thing. Elgato continues to do good things under Corsair, and if they can get some better software support over to Fanatec through that connection that would be great. (Stream Deck integration, anyone?) The potential for going retail is huge, too. How nice would it be to snag a new wheel on sale with your Amazon or Newegg gift card, for example? I don't see dropping the super-high-end stuff as a big deal. Who really needs a $1500 wheel rim anyway? I already thought the Fanatec product line could do with some pruning and updating here and there.
    It's funny, I went with Fanatec despite the customer service stories because I figured they were too big to fail and would be around for years and years. I was getting worried that wouldn't be the case soon. With Corsair buying them I'd feel a bit more confident in their longevity again.

  • @kshay1394
    @kshay1394 Месяц назад +5

    As a new sim racer, thanks to some Fanetec deals last year (before fall '23 issues), I'm sad for us all. They are a good brand, still, in my humble opinion. I'm very happy with my Fanetec gear, and I'll continue to buy. Especially now cause there should be some good deals coming. Provided they can actually deliver this time....on time. Thanks for the great real time coverage K.🤞🙋🏻‍♂️👨🏻‍🏫

  • @ivana6141
    @ivana6141 Месяц назад +30

    Get another interview with Thomas!

    • @GregoryShtevensh
      @GregoryShtevensh Месяц назад +1

      This

    • @iyadkamhiyeh527
      @iyadkamhiyeh527 Месяц назад

      Why interviewing the guy who brought the company to its knees?

    • @ivana6141
      @ivana6141 Месяц назад

      @iyadkamhiyeh527 He'll likely have a different take on the situation. This seams like a conspiracy style takeover. You wouldn't want to hear him speak? Even out of curiosity?

    • @carlad2640
      @carlad2640 Месяц назад

      ​@@iyadkamhiyeh527He also brought it to the top and opened direct drive to the mainstream.

  • @panossavvaidis6086
    @panossavvaidis6086 Месяц назад +13

    I can't believe all this went so quickly and wasn't pre planned. Unless the company was so deep in debt and the consumers were played so bad.

    • @alecmillea4539
      @alecmillea4539 Месяц назад +1

      The company is massively in debt. They needed €25,000,000 to not go bankrupt.

    • @stevep927
      @stevep927 Месяц назад +3

      You would be wrong. Thomas conducted a Black Friday fund raiser because he could not pay his bills. When people get desperate they do funny things

    • @22Epic
      @22Epic Месяц назад

      @@alecmillea4539 25M ain't much.

    • @jonathannix8671
      @jonathannix8671 Месяц назад

      I have been in this situation with a family company and believe me these things are not planned.A lot going on in the background that nobody will ever hear about.

    • @EYLOGITOS
      @EYLOGITOS Месяц назад

      @@jonathannix8671 Thing is that Fanatec is not a family business. Their shares were public and it's unethical and probably illegal to keep these things secret. But I agree that in a disaster everything goes superfast

  • @user-zq6is2cq2w
    @user-zq6is2cq2w Месяц назад

    Thanks for the update @Kireth. OK so in your opinion whay will happen with pre existing hardware and software? Will they still all be supported? I have a DD+ with f1 wheel just been picked up on Tuesday by dpd for repair after breaking on 3rd day of use. Will this all still be fixed or will there be a pause in both sales and repair? How does it work on that front?
    Thanks in advance.

    • @Kireth
      @Kireth  Месяц назад

      On software, yes I imagine so. On hardware, at some point I imagine Corsair will want to slim the portfolio down (I could be wrong)

  • @SKONY74
    @SKONY74 Месяц назад +63

    Good to hear that Fanatec will be sold to a competent company. I am a fan of Corsair so good news all around if this really happens... plus feel better that if any issues come up with my new DD Extreme there will be a company around to fulfill warranty claims 😅

    • @jackraider1039
      @jackraider1039 Месяц назад

      I've had the hs380 for about a week and they're an incredible pair of headphones

    • @vladimirtalijan
      @vladimirtalijan Месяц назад +5

      A company who makes chips is competent to run a niche sim racing gear company with a passion as a foundation, and innovate on top of that? :) Forget about Fanatec as you know it, it's dead.

    • @dubj5191
      @dubj5191 Месяц назад +1

      The way the shareholders are getting wiped out they will probably say sorry it’s not our responsibility & your warranty is void

    • @EYLOGITOS
      @EYLOGITOS Месяц назад

      @@vladimirtalijan Corsair started out a bit like Fanatec too though... Remember more than a decade ago, they were a high price / high quality company producing mainly peripherals and ram slots and on top of everything their customer support was one of their hot advantages, exactly what Fanatec lacks... So, I think it is a relatively good fit... Better than other companies for sure and a lot better than banks.... Let's just hope that they will maintain the idea behind Fanatec and not blend it with Corsair's

    • @scrooge201
      @scrooge201 Месяц назад

      HAHAHAHAHA spreading misinformation Corsair makes THE cheapest products in the market enjoy your plastic fisher price wheel CLOWN 🤣🤣🤣

  • @davidupton6307
    @davidupton6307 Месяц назад +1

    I’ve been wanting to purchase a new DD+ Extreme. Do you think that’s still gonna be possible? I really hope so.

  • @christopherraines3202
    @christopherraines3202 Месяц назад +3

    Amazing coverage Kireth! Cheers!

  • @ccramit
    @ccramit Месяц назад +3

    If Fanatec would have just started selling through retailers years ago, they would have been much better off. They could have just focused on R&D and manufacturing instead of worrying about every individual shipment. They were pulling people from everywhere just to deal with custumer service complaints near the end, which just made things worse considering they were having supply issues in the first place. This just made their manufacturing problem even worse and everything just snowballed.
    Had they allowed retailers to take on the stocking and sales portion of the business, they could have alleviated the issues on the production side of things. But because they were too greedy, their company started bleeding money and falling behind. Shame, their products weren't half bad.
    I got lucky. I bought most of my stuff pre-pandemic, before their problems started getting too bad. Hopefully Corsair will help prevent my Fanatec gear from becoming obsolete.

  • @GT7-wonky
    @GT7-wonky Месяц назад +2

    wow. I'm also impartial as I can't afford any "super high-end stuff", and feel for anyone who has ordered one etc, but I 'sense or feel' this will all pan out for the better, just understandably extremely tense for now...

  • @user-bp9oj5ly1k
    @user-bp9oj5ly1k Месяц назад

    Do should i buy fanatec wheel because in my country (germany) this shipping is almost free and 900 can get you 8nm dd and a high quality pedals or should i settle down for 2 more years for simagic?

  • @fireslayer_49
    @fireslayer_49 20 дней назад

    So is waiting till November to get the 5nm DD a good idea or should I start researching other avenues?

  • @tomislavpinter9709
    @tomislavpinter9709 Месяц назад

    I bought the dd1 as part of a package with v3 and f1 v2.5 a year and a half ago. It's been back to them for repairs five times. The last time was about 45 days ago, and I received a new one, which only worked for 3 hours. Since then, I've only managed to exchange two emails with them because they respond every 20 days, sending emails that only procrastinate. I now have €1500 trapped because the wheelbase won't even turn on. What should I do?

  • @runeneirinckx9608
    @runeneirinckx9608 28 дней назад

    I’m now fully settled with a good setup but i want to upgrade to qr2, is ordering still possible?

  • @AcridWater
    @AcridWater Месяц назад

    Hey Kireth, where do you find these notes? Can you send the link or just tell me who to get their?

  • @xplicitb0i
    @xplicitb0i Месяц назад

    I just bouht into fanatec and got my csl dd. Should i be worried. I already received the product. Just wondering what this means for new owners.

  • @immunity4soul
    @immunity4soul 14 дней назад

    Does the product line still exist and the support for sold products? Can i still buy wheels for the dd???

  • @dobbo4596
    @dobbo4596 Месяц назад +11

    "It's an open letter to the banks and the supervisory board, shared as a public press release for EVERYONE, it is not a letter to one specific person...."

    • @Lacktausch
      @Lacktausch Месяц назад +2

      Don’t take that away from @Kireth. He needs this.

    • @kontoname
      @kontoname Месяц назад

      What's your point? He never said it's a letter addressed AT him, he said he got it directly forwarded TO him, in the form of, quote: "a personal copy in english".
      Let me try and explain it more simply, so even a trained octopus can understand:
      If mommy dobbo writes a letter to address a few people, then pins it to a public board where everyone can see it, but then directly notifies little dobbo4596 by sending him a personal copy, then little dobbo "got a personal copy in english".
      I hope that makes it a bit easier for you to understand.
      Please let me know if that approach didn't work and we have to use things you are more used to - like animal fables or stories with marbles or something similar.
      Maybe you should exchange that fighter jet avatar for something more school like - or just with an avatar of a troll since that's obviously what you were being serious (let's hope not).

  • @M1tZk1
    @M1tZk1 Месяц назад +8

    I already said a few videos ago, that Fanatec is too big in the branche to not get bought out by a competitor. Though I thought it would be Logitech or Thrustmaster but Corsair is also fine. They have amazing products and I'm sure they will treat the Fanatec Brand right.

    • @virtualawakening2299
      @virtualawakening2299 Месяц назад +1

      If they have any business sense, they know they have the "Toyota Lexus" of all brands. Decades of in game advertising and street cred. No other company has more than a year of in game advertising save for Coach Dave Academy... That is worth more than the Fanatec product line. I'm expecting all production to go to China and for Fanatec to go head to head with Logitec in retail stores. Hey now, Moza and Camus will be there too. lol

    • @M1tZk1
      @M1tZk1 Месяц назад

      @@virtualawakening2299 I hear Moza a lot, but there is no official support for consoles. Gran Turismo 7 is huge. Like really huge. I would totally believe that the GT DD Pro would be the highest selling product Fanatec has. So for now Fanatec is basically the Premium choice for console players. There is only one Logitech premium Wheel and Thrustmaster has also one high end belt Wheel. But Fanatec gives you Options upon Options. So thst is something thst still is very unique to thst Brand.

  • @producerevan88
    @producerevan88 Месяц назад +3

    Oh dude, this might be the best thing that could've happened to this company. For the consumers and all the people who work at fanatec. Hopefully they keep all on the floor employees.

  • @Gage-bz6gr
    @Gage-bz6gr Месяц назад +4

    if fanatec does go under, will all there compatibility with console sims be wiped. like GT7 having strict conditions on what wheels can be used will there wheels just not work anymore

    • @dwculler
      @dwculler Месяц назад +1

      With acquisitions they usually purchase all IP / licensing agmts / etc. So I don’t foresee it being an issue with compatibility.

    • @Salustmaio
      @Salustmaio Месяц назад

      No i do t think soo we have already payed the chip that goes under, the problem is software updates.... maybe the new hames will not recognition the wheel....

    • @markvanwalsem3201
      @markvanwalsem3201 Месяц назад +1

      @Gage-bz6gr...wouldn't be no problem for PS,since the chip is built in it's base,not in it's steering wheel like Xbox has.

  • @KyleWilkes-ic5hd
    @KyleWilkes-ic5hd Месяц назад

    I was considering buying from fanatec. Specifically the ready to race McLaren bundle. Would this affect that?

  • @andsoitwas3046
    @andsoitwas3046 Месяц назад +1

    If Fanatec can continue their normal operations with the same product quality but with the support of Corsair and sell through retailers instead of D2C, that would be amazing and a good thing for the consumers.

  • @smokeybarrplays8226
    @smokeybarrplays8226 Месяц назад +2

    Fanatec wheels are going to be lit up like a Christmas tree!

  • @O-Friendly
    @O-Friendly Месяц назад +11

    I fear their prices will go up. If that happens, the company will go down. Belly up. Guess I won't be upgrading from the GT DD Pro to the Clubsport DD+

    • @colddeath9797
      @colddeath9797 Месяц назад

      I expect prices go down as Corsair may make the products more affordable as they have a chain of resellers all over the world

    • @EYLOGITOS
      @EYLOGITOS Месяц назад

      I fear more about the products characteristics than prices tbh... Replacing Alcantara and nice metal for abs plastic and RGB would be the deal breaker for me no matter the price.

  • @tikitorchbrown1445
    @tikitorchbrown1445 Месяц назад

    what about those who bought the last wheel i bought a wheel the other day there was one left and i grabbed it and it still hasnt been shipped it was a wedding gift for my husband i am in a panic what do i do??

  • @Ripperx121
    @Ripperx121 Месяц назад +1

    Please Corsair! Put this thing back together. It is a good product I love my rig. Don't want to see it go away.

  • @Rancidnova
    @Rancidnova Месяц назад +1

    Great coverage Kireth!

  • @fuze4482
    @fuze4482 Месяц назад

    How long do you think it will take before we see Fanatec equipment in retail stores?

  • @lesexpos4469
    @lesexpos4469 Месяц назад

    Is it a good new ? Will corsair continue to support the actual product ?

  • @stephenbradshaw5311
    @stephenbradshaw5311 Месяц назад +9

    Having been at the pointy end where Thomas is now I feel empathy.
    I was in a similar situation and had to called a vote of no confidence in the board and removed the board and CEO and raised the funding and restructured the business accordingly.
    We went on to be a unicorn.
    In this instance for the shareholders to be offered nothing is predatory behaviour and I would be checking what options are being offered to the board and senior management as part of this process.
    A fair outcome would be a fair value set and then dilution of shareholders accordling set based on capital injected.

    • @Kireth
      @Kireth  Месяц назад +2

      Are you able to tell us more about this, it sounds very interesting?

    • @RugPull
      @RugPull Месяц назад

      I've heard the board are being offered extremely favourable terms should they accept

  • @racer14glr91
    @racer14glr91 Месяц назад +13

    Shareholders are gonna become shaftholders. Not good.

    • @iyadkamhiyeh527
      @iyadkamhiyeh527 Месяц назад

      🤣🤣🤣

    • @storypunman
      @storypunman Месяц назад

      Shareholders of this company should have learned how to read market data and balance sheets before they bought shares, just like any other company. Do research before investing your money.

    • @racer14glr91
      @racer14glr91 Месяц назад +2

      @@storypunman true. Doesn't diminish the fact they're getting shafted. Within three quarters this company was ruined financially, surely it happened long before. Still one of the best sim racing equipment makers. Hopefully Corsair can right the shop without killing the brand

  • @codywright2890
    @codywright2890 Месяц назад

    So can i return my purchase l i just got a week ago??? How does this work? Im so nervous man. My wheel has a viloent shake when idle... im freaking out

    • @phantomspa
      @phantomspa Месяц назад +1

      Change your wheel settings. It's probably F.E.I.

  • @alphastratus6623
    @alphastratus6623 Месяц назад +3

    To be fair: I have better hope for Fanatec with this than with a months long juristic fight with lawyers and stuff.

  • @Okolokole
    @Okolokole Месяц назад

    anyone knows where can I get replacement load cell for csl load cell pedals?

  • @PhysXSTYLE
    @PhysXSTYLE Месяц назад +1

    as long as they offer support for current products for example my csl dd etc then I am happy with this.

  • @UnboxRacing
    @UnboxRacing Месяц назад +62

    That's a decent acquisition and brighter news for Fanatec "fans".

    • @vladimirtalijan
      @vladimirtalijan Месяц назад +7

      Do you really think that Corsair understands sim racing or even wants to innovate? No. This will be Apple after Jobs left, I said it after the first news emerged about this. Buy your proper Fanatec gear now, everything about Fanatec will just become a business plan, like most companies in the world operate. I will follow Jackermeier and his new company, if that ever happens.

    • @_PatrickO
      @_PatrickO Месяц назад +5

      @@vladimirtalijan Why would you follow someone who ran fanatec into the ground so stock holders lost everything? I bet he even had a golden parachute, ensuring he would not change course. Like it or not, he and the board worked together on this. Stuff like this does not happen on accident. They ran the company into the ground to benefit themselves.

    • @tjantilag
      @tjantilag Месяц назад +2

      ​@@vladimirtalijan Endor is a large company with a board, you don't think the bottom line is also their main concern.

    • @Bigheadedwon
      @Bigheadedwon Месяц назад +2

      Or, this will be Corsair adding the Fanatec software into iCUE. So you'll need to install one of the most bloated, memory hogging programs out there to properly use your Fanatec gear. And Corsair stuff tends to be on the pricier side. So expect to pay more. They'll probably add RGB into the bases and everywhere else. Which would be a plus for some.

    • @Bigheadedwon
      @Bigheadedwon Месяц назад +2

      @@_PatrickO From what I've gathered, it was a poorly run company, with incredibly bad customer service. And they made a huge mistake by way overselling what they could deliver last Black Friday. In the racing community, they've pretty much permanently stained their name in a lot of people's eyes. I don't think they'll leave this deal with any sort of upside. They were teetering on bankruptcy and got lucky someone bought them.
      People have been complaining about them for a long time now, if they ran the company into the ground purposely, they're morons.

  • @rickswanracing3139
    @rickswanracing3139 Месяц назад

    I am very curious about the impact on existing contracts: ie the relationship with BMW for the Wheels in their GT3 cars, as well as the SRO sponsorship for the GT race series. I suspect those too will end as well depending on bankruptcy laws... I suspect those laws would allow the company to walk away from those financial obligations too.

  • @hillboy2001
    @hillboy2001 Месяц назад +1

    I hope we get better support of the products after Corsair fully takes over. Honestly, I have way more faith in Corsair then Fanatec!

  • @tizscotty
    @tizscotty Месяц назад

    Would be interesting to know how much of that debt VS preorders was used to sponser the real life GT Challenge for years. They definitely knew what the go was.

  • @adv5684
    @adv5684 Месяц назад +1

    I'm happy, wanted to order a Porsche racing wheel last week. luckily not done

  • @xandermac
    @xandermac Месяц назад +1

    This is actually good news for the consumer. Fanatec has been ran into the ground, Corsair will turn it around, Starting with pulling all of the expensive sponsorships I would imagine.

  • @spraynardkruger6426
    @spraynardkruger6426 Месяц назад +1

    After waiting for a month for my csl to come in, the day before the item was supose to ship, i got an email saying my item has been delayed another month. I cancelled it and went moza. Im so glad i did. Not only is the moza gear realy high quality, but the ecosystem that has been fanatecs greatest advantage might be going away.

  • @marclanghoff9789
    @marclanghoff9789 Месяц назад

    Holy Moly. What's goeing on there. Absolutly crazy news. Haven't ever expected this to happen to Fanatec. 😮

  • @kelvingomersall7460
    @kelvingomersall7460 Месяц назад

    We all wanna know what happens to warrantyyyyy? My fixed wheel is due to be returned on the 13th, will this still happen? Will they still honour warranty?

    • @KryssN1
      @KryssN1 22 дня назад

      If they go under or even before, no warranty as they will be insolvent to pay for workers and production

  • @HelloMyNameIsZON3
    @HelloMyNameIsZON3 Месяц назад +2

    Imagine being the flagship sim racing wheel maker and losing money ? Wtf

  • @GSSimRacing
    @GSSimRacing Месяц назад +3

    Fanatec are in negotiation with corsair. It is one of a few options available. This needs board approval and also needs to pass German policy makers. Everyone just needs to calm down. I'm really tired of the misinformation and spew at this stage. If corsair do acquire fanatec, it could be good for the longer term future of the company.

  • @justinchin0
    @justinchin0 Месяц назад

    Wow.. That escalated quickly. I like corsair and even successfully rmaed a defective aio so their support is pretty good. Hope they can turn this around because they have some really good products and other companies console support is lacking!

  • @danielcase2189
    @danielcase2189 Месяц назад

    Do you think corsairs stick will go up from this acquisition?

  • @ArturoDrives
    @ArturoDrives Месяц назад

    The fact that I just got a fanatic ad before watching this is crazy

  • @johnkendall7186
    @johnkendall7186 Месяц назад

    Are they still taking orders and shipping?

  • @kosmokaziracing
    @kosmokaziracing Месяц назад +1

    They DO need to utilize retailers.

  • @nicholasspicer5171
    @nicholasspicer5171 Месяц назад

    I literally got my wheel 2 days ago, only 9 days after ordering. I hope Corsair takes good care of this brand. I will be investing more money soon to get the 8nm boost kit and a clutch pedal.

  • @peterensor9689
    @peterensor9689 Месяц назад +2

    As always top notch reporting Kireth. Hmmmm, how will it turn out? Honestly, in the short term - good. Long term I feel its a disaster and fundamentally will fall to the competition.

    • @SaintKimbo
      @SaintKimbo Месяц назад

      Why, is it a disaster in the long term?
      Fanatec has got a gold mine with the only real 'enthusiast' brand console DD, if Corsair build on that and capture that market, they'll be great for the long term.
      The 'hi end' stuff is not where the money is, it's a tiny market, like 'hi end' audio.

  • @Butterfingers1989
    @Butterfingers1989 Месяц назад +2

    Pretty good news if this happens. Corsair never dissapointed me with their products.

  • @garrybartlett6853
    @garrybartlett6853 15 дней назад

    It finally came (28th May)... !!! Is it true that half the buttons can't be mapped on XBOX...?

  • @ivana6141
    @ivana6141 Месяц назад +26

    Hope corsair keeps the fanatec branding

    • @Butterfingers1989
      @Butterfingers1989 Месяц назад +4

      They always did so far with what they aquiered.

    • @_PatrickO
      @_PatrickO Месяц назад +7

      They should shift everything to the US and slap sail logos all over it. It would make sense to clean house because the company was ran into the ground by its current management.

    • @JilleDeMon
      @JilleDeMon Месяц назад

      They probably wont because Elgato is still named elgato

    • @MegaIronica
      @MegaIronica Месяц назад +5

      They would be stupid to do so. Why pay millions to aquire a very well-known brand and then change the name they pay for? 😂

    • @JilleDeMon
      @JilleDeMon Месяц назад +1

      @@MegaIronica ikr🤣

  • @The_Mup
    @The_Mup Месяц назад +3

    I'm really glad i got my paypal refund back in January. Fanatec didn't even bother responding to the Paypal dispute.

  • @filipivan5125
    @filipivan5125 Месяц назад

    Im glad a known and well established brand is taking over. I agree they are most likely gonna turn fanatec into entry or middle tier product offerings. It also means shipping wont be handled from Germany only and it will be easier to get their stock outside of EU.

  • @PaiChen
    @PaiChen Месяц назад

    So there will be cheapest Fanta wheel old stock appear in market?

  • @Bogarttherideop
    @Bogarttherideop Месяц назад

    I hope then when Corsair comes and takes ownership that all the products stay the same and that they are just the ones managing the company to prevent future complications.

  • @bdd4228
    @bdd4228 Месяц назад +1

    Does this mean we should start buying CRSR stocks?

  • @bryang2895
    @bryang2895 Месяц назад

    Well, I guess that's it for me and fanatec . I've been doing some research about the Logitech G-Pro and the only complaint is there lacking in accessories department and I'm sure they will produce in time but pretty solid overall. looks like My new Go to

  • @immunity4soul
    @immunity4soul 14 дней назад

    They went wrong paying licensing fees for the wheels. They should have made replicas that were branded fanatec. They also should have no made anything past the first dd and stopped at 8nm. Made it incredibly realistic and reliable with a huge selection of wheels. They would have killed it.

  • @karlmibus5724
    @karlmibus5724 Месяц назад

    Is it a bad time to buy Fanatec gear right now then? Im in the market for my first simrig, and the CSL Ready-to-Race bundle is so cheap compared to the rest of the market! Can buy a 8nm CSL DD with lc pedals and wheel for the same price as a Simagic Mini ($1000aud). It's honestly a no brainer. Just remember this is my first rig/experience with racing wheels. All items say they are in stock in Australian warehouse.
    Will this recent news affect me, the consumer, with Fanatec in the future? What should I be wary of? Or should I not buy Fanatec until things stabalise? What other brands/offers should I look at as a budget option?

    • @KryssN1
      @KryssN1 22 дня назад

      It is, it’s very bad idea.
      They have no money, they could go under any time and you could get no refund and no product and no warranty in case if you ever get the product

  • @corroded
    @corroded Месяц назад

    Judging by how I hadnt even realised Corsair had even bought Elgato, I won't be surprised to see things seem at least on the surface as they are. Be behind the scenes shuffling, common roles like HR, legal, finance will likely be subject to redundancy.
    Seems like Corsair take a light touch. Bad news for investors, and employees who havent taken equity out as it looks like the debt they have is going to be the only money on the table
    I would be incredibly wary of putting any orders in with Fanatec. If they are talking about creditors restructuring deals and taking percentages then in theory they might be obliged to class any orders as a creditor too.

  • @martin4458
    @martin4458 Месяц назад

    I ordered my second GT DD pro about 3 months ago. It took 2 weeks to arrive. UPS had it a week, so they're partly to blame. The DD pro is epic and it seems Fanatec have changed the rubber on the wheel, as it is not flaking in the hand the way it did on the DD pro i bought in late 2022.

  • @Stevie_GT
    @Stevie_GT Месяц назад +1

    Maybe the whole order system will be fixed i ordered the csl DDpro 5 months ago i had an email saying my shipping had been complete. Stood there scratching my head with No DD pro i emailed back and had said i hadnt actually received my Fanatec products all to be told that its not there fault they had completed there half of the purchase agreement by shipping it out, so basically its not our fault thanks for the money goodbye

    • @MarkNOTW
      @MarkNOTW 18 дней назад

      Did you file a claim with the credit card company?

  • @stevep927
    @stevep927 Месяц назад +3

    This is great news. Same products . Better management

    • @Dellyboy666
      @Dellyboy666 Месяц назад

      He said don't expect same quality of product

  • @waxwezzel4991
    @waxwezzel4991 Месяц назад

    thanks for explaining

    • @Kireth
      @Kireth  Месяц назад

      No problem!

  • @MorrWorm8
    @MorrWorm8 Месяц назад +2

    I don’t care if your a fan or not ANYONE pushing fanatec through Their affiliate links without warning their subscribers and channel members should be ashamed of themselves. I’m not going to say any names. They know who they are.

  • @Vortigon
    @Vortigon Месяц назад

    It's probably the best thing that could have happened to save the company - but if you are a shareholder you will be shafted and expect the quality of the products to plummet to make them more profitable.

  • @BeFreeBeHappyJC
    @BeFreeBeHappyJC Месяц назад

    I have watched everything you have covered regarding Fanatec as being a customer of theirs. I am saddened by what’s happened to Fanatec however this all seems to be necessary to save the company and sell to someone else who can turn it around. I wonder what this means in terms of console compatibility for the future for PS5 & XBOX.

  • @user-py4lq5wu8h
    @user-py4lq5wu8h Месяц назад +1

    It's really to bad as their stuff I feel is good especially for the price, I got lucky apparently as my bundle arrived last week, very impressed so far!

  • @stevep927
    @stevep927 Месяц назад

    What I want to know is why and how they ran out of money. I also would like to know if the customers pre orders will be fulfilled or get a refund

  • @ansonmalchat
    @ansonmalchat Месяц назад

    So what happens to outstanding orders??

  • @kevinwalsh8524
    @kevinwalsh8524 Месяц назад

    This seems like very good news. I use an Elgato Stream Deck on my sim racing rig and I love it. It’s a great product. Corsair already makes excellent streaming products, so buying Fanatec seems like a good fit. Expanding into the sim racing space appears to be a logical step.

  • @pmx360
    @pmx360 Месяц назад

    I always sayd that if Fanatec customer service department works as good as PR and developers support, it would be a different story. Now we know how important is to not ignore your customers!

  • @CitarNosis506
    @CitarNosis506 Месяц назад

    I love Corsair and I use their keyboards for my sim rig and another one for gaming on my desk and some stuffs inside my PC also come from Corsair and I'm very happy with it, so I really like that news.

  • @ATX_Engineer
    @ATX_Engineer Месяц назад

    Time to make a new wheel and get on kickstarter asap

  • @kaitonasach
    @kaitonasach Месяц назад

    As someone who is new to the simracing scene, I am impartial to all this atm but had heard good things about Fanatec until recent as I was looking at upgrading my wheel and pedals later this year from my G29 stuff. Still not sure what to think about this currently but I have no ill thoughts about Corsair atm either considering I've bought Elgato products and they were still really high quality.

  • @eyeceman6995
    @eyeceman6995 Месяц назад

    How do you think this will impact the GTWS?

  • @dexter3611
    @dexter3611 Месяц назад

    This is good news in my eyes, corsair know what they are doing and hopefully in the future, we can just walk into a shop and buy fanatec products like we currently do with corsair.....

  • @Pustul
    @Pustul Месяц назад

    How can they sell so many stuff on Black Friday that it takes month to fulfill all the orders and at the same time be on the verge of bankruptcy? We all knew Fanatec was mismanaged but this has reached a whole new level!

    • @KryssN1
      @KryssN1 22 дня назад

      The BF sale were their “fund” raiser to avoid bankruptcy, they knew what they were doing.
      They did not have the product ready, but needed cash.

  • @azzazz4549
    @azzazz4549 Месяц назад +1

    Does that mean my gt dd pro will be worth thousands now?

  • @Mike22xt
    @Mike22xt Месяц назад

    It would be a great time for one of the high end pc sim dd wheel brand to add console support.

  • @danisploit
    @danisploit Месяц назад +2

    My csl dd with mclaren gt3 comes tomorrow 😮. Just in time

  • @Dung_Beetle1617
    @Dung_Beetle1617 Месяц назад +1

    Great video Kireth.

    • @Kireth
      @Kireth  Месяц назад

      Thanks I appreciate it!!

  • @Superdummy803
    @Superdummy803 24 дня назад

    As someone that is thinking of getting into sim racing right now. I has decided to make Fanatec my source for peripherals. Thank good ness I saw this video. I am so glad I didn't drop a couple k dollars buying from a company that won't be here in 6 months. Dodged a literal bullet...

    • @ndrb7596
      @ndrb7596 15 дней назад

      I ordered the McLaren bundle and got it in 8 days and I’m overseas

  • @Xero5273
    @Xero5273 Месяц назад +2

    Wow. Can't say u didn't see it coming, but still kinda surprised. I just got into sim racing not long ago. Guess i joined at a strange time in sim racing history.

    • @Kireth
      @Kireth  Месяц назад +2

      Hope you've found it interesting to follow through the videos!

  • @Maned_X
    @Maned_X Месяц назад

    While I am a fan of Corsair and like/use their products, They are totally a boutique brand for pc stuff. So it will be cool to see what they do, and they will prolly fix a lot of stuff very fast. Just be ready for the boutique price tags on the already expensive gear.

  • @kledi1818
    @kledi1818 Месяц назад

    so now its better to not order anything?