John Devaney's Yact is John Devaney's Yacht No More

John Devaney, he of the former United Capital Management (and ubiquitous douchey photos posing in front of his various toys), has not only surrendered to inevitability but - and it pains me to say this - sold his prized yacht, Positive Carry.  The new owner?  Futuristic Charters, LLC, a Florida company with principal offices in Hoboken, NJ.  Interestingly enough, the offices of said charter company happen to be at the exact same address of the Academy Bus Company.  More interestingly, Francis Tedesco, President of Academy, is the signer on the LLC Agreement filed with the State.  As if it weren't bad enough that this poor ship has passed from the elite hands of a top hedge fund manager into those of a grease monkey bus operator, Tedesco even had the temerity to rename the boat "Espresso III".   

I'm not sure whats going on with that name, but I think we can all agree that it just doesn't have the same fate-tempting ring as its former title.

For what its worth, the boat appears to be currently docked at the Newport Marina in Jersey City, NJ, should any of our more ambitious readers be interested in hopping the PATH to go check her out.

Comments

[JimBob]

If I owned that party barge I would christen it "Naked Shorts"

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L’expérience de confusion et que d’innombrables MoLi printanière. Pour la combustion tison

[Air Max 2010]

I am glad it was appropriately punished. I don't work in a big agency, i am an independent, so I don't have any insight into how agencies bill, but I know how I do it, and there is no padding there, so for others to muddy that up is pretty irritating indee

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Not to mention (and someone correct me if I'm wrong),

[Friend of Mr. T]

Francis Tedesco is more than just a "grease monkey bus operator." He's a self-centered, greedy jerk, who treats his employees with zero respect, interested only in lining his own pockets. He didn't have the brains to earn his own money, but inherited Academy from his wonderful late father, Frank (lovingly referred to as "Mr. T" by all who had the honor of knowing him). Francis is a nasty, selfish a-hole who grew up with a sense of entitlement, and should fall off his boat and drown. It's stored every winter in a small waterway behind a little house on SW 34th Ave in Ft Lauderdale, FL. It's there right now. Able to afford a boat like that, but too cheap to keep it in a real slip, and too cheap to buy fuel... barely gets used. Hope you read this Francis, so you'll know what scum most people think you are. Although you must have known that already.