Forum: HoseHeads Sprint Car General Forum (go)
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Well that's a wild turn of events...

Ask Frank

interesting....

Didn't he force Hartford to shut down for a few years per contract?  Wonder is that goes away now.  Also Jackson better run 360s now or there won't be much of a close option for SW Mn guys.

I wonder if Tony Stewart would be interested in another dirt track now that he's retired? I'd also be interested in seeing Todd Quiring purchasing it, but with Todd taking a step back on some of his sponsorship (as far as race teams go) I'm guessing he's not going to be a player. It'd be a shame to lose another track so I hope someone comes along with the money. Hopefully things will work out and we can have the Friday show at Jackson, the Saturday show at Knoxville, and the Sunday show at Husets like a lot of people have wanted to see happen.

Ask Frank

I think Chuck is great.  I wish more people would just except what he has done and not always want something different.  We need to be thankful for our current situation and not be so bitter and harp on what we wish would happen so much.  My goodness.  Real fans love exactly the way everything is currently no matter how sad.

Luna's Ford engine style that won 2 WoO titles and 3 
Kings Royals before a weight rule against the best EVER
in their prime and now DOMINATES super dirt late model
racing is no longer allowed/wanted in a WoO sprint
car.... Was Luna a miracle worker?

Thankful for what?  

I am not saying a word.

thinking of plenty tho.

to bad for the racers and fans  tho

     My aprehesion from the get-go was that Chuck's attitude and ego was going to cause an all or nothing situation.  This was either going to be the best thing since sliced bread, or it was going to kill local racing. Sliced bread lost and so did we.

Just the end of his business in South Dakota. He had said in the past that if the law was passed, he would shut down everything he had in S.D. He can still operate in all the other states. In fact, he can still operate is S.D.  He just can't charge more than 36% interest.

I'm relieved that he is paying the ponts fund out.

It is kind of funny... $9.75 million as a lump sum... $12 million if you want Chuck to finance it, no interest. What about the other $2.25 million if he finances the deal? What does he consider the extra money?

DA

Knoxville just added 410s to the July 29 date with the ASCS National Tour. Originally 410s weren't scheduled so they could run the Gold Cup at Badlands.

Source: https://www.facebook.com/knoxvilleraceway/posts/10157674946890417

Ask Frank

Badlands Motor Speedway will immediately begin the process of searching for new owners and operators.

This one of a kind, turnkey racing and entertainment facility has been quoted as being one of the nicest, most modern and high tech dirt track in the United States with a 60+ year racing history. With a capacity of over 9,000 in the grandstands and 20,000 for concerts or festivals, BMS is much more than just a race track, it is a legendary gathering point.

Badlands Motor Speedway, formerly Huset’s Speedway, has just undergone an unprecedented Ten Million Dollar makeover and is completely new and renovated from the ground up.

Sitting on over 80 acres, the capacity for events of all kinds, in addition to the best racing in America, is simply staggering and the opportunity for the new owners group is limitless.

The reason for this dramatic move has nothing to do with Chuck Brennan's love for this facility, racing, drivers and fans.

On November 8th, 2016, the voters in South Dakota overwhelmingly passed a ballot initiative to eliminate licensed short term lending from the state. Well, that is what we do and our flagship business in South Dakota, Dollar Loan Center, was given only 5 days as a result of the ballot initiative by the State of South Dakota to comply with this change of law. This move by the voters has left hundreds without jobs and tens of thousands without a safe and alternative financial option.

Mr. Brennan has invested and donated well over $100,000,000 in his home state of South Dakota and most of that investment within a mile of where he grew up at 8th Street and Covell Avenue in Sioux Falls.

Because of these recent events, Mr. Brennan is reevaluating his economic presence in South Dakota and will be selling several of his many properties and businesses in the State and diverting that business to the other markets that he currently operates in.

BMS not only comes with a turnkey facility that is completely race ready, but with a passionate staff that is the best in the business and able to hit the ground running this race season and continue on with all of the ground work that has been laid for the upcoming 2017 race season.

The facilities management and General Manager Tom Savage will remain in place and keep moving toward being 100% ready to go as planned for the season upon identifying new owners for the track.

The firm asking price for the Business, land, facility, vehicles, furnishings and everything you need to be race ready is $9,750,000 as one lump sum payment or an option of putting a $6,000,000 down payment and BMS financing a remaining $6,000,000 to be paid over a 6 year period at $1M per year for a grand total of $12,000,000 by going that route. As long as the payments are on time, that 6 year period would be interest free.

In Addition:

We will not be having our race banquet this year as planned for January 14. Anyone who purchased tickets for this event will be fully refunded. Rather than having the drivers and race teams wait until then as in the past, we will be paying out all of the prize money for last season immediately. Race teams will be contacted by our staff to arrange getting them their funds, trophies and prizes.

In the unlikely event that we are unable to sell the track before race season, Badlands Motor Speedway is NOT planning to race in 2017. We will have the entire facility maintained and ready to go for a smooth transition when it happens.

For info regarding purchasing the track and the facility, please contact Dave Galyen at 702-493-0978.

How much did chick pay for it when he bought it?

And his Dollar Loan Centers in South Dakota probably will probably have for sale signs listed in the coming weeks as well.

Here's the story from the Argus Leader.  http://www.argusleader.com/story/news/business-journal/2016/11/30/badlands-motor-speedway-sale/94664334/?hootPostID=6b93c51bcb7ae746991fb6a4ecf8ad17

No matter what happens, I just want the best for Nebraska-Iowa-South Dakota-Minnesota 410 & 360 racing.

Is this heaven?  
No, it's Iowa....Knoxville, Iowa.

First off, this is a loss for racing and especially local racing in South Dakota in the event a buyer cannot be found.

I feel bad for the local racers in the stock car classes the most.  It's not like they have another track to go to unless Hartford opens back up for 2017.

My hope is that a buyer can be found but I doubt it will be at the price Chuck is asking.  Depends on how long he is willing to hold onto it is my guess.

Glad the teams are being paid their point funds.

The Press Release reads like a 10 year old that is mad he didn't get picked first when playing a backyard game of baseball so he's gonna go home and pout.

Hope something happens for the racers in 2017.

You know you're kind of a douche bag. It looks like  you were right, but calling people "Chuck suckers" never helped advance the conversation. What did  you want people that "blindly supported" Chuck to do? Like it or not he bought the track and put a bunch of money into it. At least I went to 3 or 4 races and gave him a shot. It didn't work out but at least I didn't piss and moan about it like your sorry ass.

I GUESS THIS PUTS KNOXVILLE BACK IN THE DRIVERS SEAT.

BUT I WISHED IT COULD HAVE WORKED OUT.