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Originally Posted by Kyle45
I do not for-see this dramatically effecting us. But who knows? I think Delphi is really committed to the future of engineering and would not cut the entire FIRST program. One great sponsor if you ask me.
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I'm sure they care a lot about FIRST and their teams, but going bankrupt might make that support out of their control.
I believe that at that point they would be required to meet some legal requirements regarding their cash-flow, and I'm not sure where FIRST sponsorship falls as far as a court goes....that is against any obligations they might have to employee salaries, benefits, outstanding vendors obligations and/or bond holders.
Now having brought up that, I also think that courts try NOT be be destructive in their restructuring....but like I said, I'm not sure that FIRST would come before the above stuff. (but then perhaps the FIRST stuff is funded through some sort of separate corporation or foundation that have set-up....don't know)