All G&L lovers.
Take heart!
They could file for chapter 11 and continue.
It's possible that EB could buy the rights to the brand, and continue the brand as is without too much disruption, and keep their own birthplace alive!
Without The Fullerton plant, there would never have been a Stingray that so many love.
73nder could easily prop up the brand, they did well with the adoption of the Charvel, Jackson brand.
They COULD keep their own father's plant alive. To NOT do so would be incredibly insensitive and short sighted. The backlash for allowing the plant to be turned into another auto repair location, or a cabinet shop would be such bad Karma!!!
FFS it is in FENDER FREAKING AVE!!!
That said: not retaining the 2nd an 3rd birthplace of electric guitar design in memorial for future generations would be criminal.
On another front:
I had these thoughts prior to this news, and will continue forward.
In the next year I will be launching my own guitar company, after a pending relocation.
IF , and I pray not! G&L does shutter, there is a possibility that I will pay tribute to Leo's and George's legacy.
A pickup builder I'm working with can emulate the MFD design and we are working on prototypes at this very moment. A set of prototypes is complete and going to tour with Prong.
I initially plan on focusing on the past no longer offered models, and bring up 5 string versions of models that were never issued in that configuration.
35" and multiscale could also be possible.
Of course I'll infuse every build with the Experience I gleaned during the time on the line at G&L, and will do honor to Leo's legacy, without doing harm to the vision.
I'll be a player for getting as much of the raw material and components from the factory if it comes to a bitter end, as I can, rather than just let it flood an auction site.