HoseHeads.com | HoseHeads Classifieds | Racer's Auction
Home | Register | Contact | Verify Email | FAQ |
Blogs | Photo Gallery | Press Release | Results | HoseheadsClassifieds.com


Welcome Guest. Already registered? Please Login

 

Forum: HoseHeads Sprint Car General Forum (go)
Moderators: dirtonly  /  dmantx  /  hosehead


Records per page
 
Topic: What if??? What is the finaincial plan for BMS Email this topic to a friend | Subscribe to this TopicReport this Topic to Moderator
Page 2 of 2   of  31 replies
team1hd
MyWebsite
December 04, 2016 at 02:51:08 PM
Joined: 01/10/2012
Posts: 58
Reply

I don't remember the release saying anything about not having concerts though... ??? Maybe ???



Charles Nungester
December 04, 2016 at 03:52:39 PM
Joined: 06/01/2014
Posts: 255
Reply
Reply to:
Posted By: team1hd on December 04 2016 at 02:51:08 PM

I don't remember the release saying anything about not having concerts though... ??? Maybe ???



I think pulling most of his buisness's out of SD probably includes that.

However it would seem to me if he wanted to recover anything from the investment,  He'd hold things there.  Im sure he coudlnt' pay the purses he did this year and make a $$ but something normal.



SDDTRF67
December 05, 2016 at 12:26:18 PM
Joined: 04/21/2015
Posts: 128
Reply
This message was edited on December 05, 2016 at 12:27:51 PM by SDDTRF67
Reply to:
Posted By: StanM on December 04 2016 at 09:05:04 AM

Location, date (not up against other big or weekly shows in the region), sanction and tradition are so important with big events.  By way of example I live half an hour north of St. Paul, Minnesota, about 6 hours from Knoxville and around 5 from Husets.  We have made many car trips to Knoxville shows and a couple Nationals but rarely went to Husets.  I know a few hard core fans and photographers who liked hitting some of the Husets WoO dates over the years but nothing at Husets ever motivated me to burn up vacation and hundreds of dollars because it was a must see. 

I'd be willing to go out on a limb and say that it would be very difficult for a track in Brandon to ever achieve the status of any of the other big events.  I just don't think the location lends itself well to establishing that kind of a tradition, especially now that great sums of money will no longer be thrown out there to attract Sprint teams.  Keep in mind the track has been there since the mid 50's so they have had plenty of time to establish tradition at the level of a Nationals but have never done it.  Even Jackson's Nationals IMHO is a bigger tradition than anything at Husets.  Husets has been a great weekly venue that hosts a few specials every year but they never even come close to a tradition like the $50,000 to win Late Model USA Nationals at my home track Cedar Lake.  Those couple of big shows they tried at Badlands last year never got off the ground and nobody in their right mind would make a $9.75 million dollar bet that they could create a tradition in a reasonable number of years as you pointed out.

Another thing that hasn't come up in the discussion is that we all enjoy the big Sprint Car specials but the backbone of tracks like Husets without a Nationals level tradition is the local Stock Car and Modified shows week in and week.  So that I don't get blasted I'll point out a few reasons why I say that.  Competitors from those classes are local and bring friends and family through the gate every week as opposed to some Sprint team that hauls in from a couple hundred miles away once or twice a year.  I know some travel there to see Sprints but the numbers aren't even close to the consistent week in and week out numbers following their local friends and relatives in the entry classes.  Big shows like the Outlaws draw big crowds once or twice a year but they come with big sanctioning fees and that amount of money paid for one WoO race would cover a lot of B Mod purses.  Case in point, I live within an hour and a half of seven dirt tracks off the top of my head but only one of them has several traditional big events each season.  Some tracks run A Mods as their top class and aside from local 360's could never touch the cost to sanction a WoO show for example.  I think what a lot of people might not realize is that many tracks on the schedule require extra event sponsorship simply to put on a WoO show once a year.  Obviously if a promoter is out looking for help just to get them into their track it's not some huge money maker like a lot of fans seem to think it is.  I'm not familiar with Husets weekly operation over the years but I would venture to guess that someone was stepping up to help get the WoO in there.  

I'm pretty convinced that $9.75 million is an untouchable number so this deal will be interesting to see how it pans out.  My wife's aunt and uncle stopped by on Friday night.  She's from Sioux Falls area and her brother built motors for Stock Cars and Modifieds for years.  Her brother-in-law lost his life in a 360 race at Husets some years back so they've got a lot of connections to the place.  I put the bug in her ear to see if she could get an idea what the local weekly support class racers are thinking about this whole mess and what they're hearing.



Anyone giving CB that kind of money for Husets is LOADED and outta their mind. LOL

I do hope there's racing out there in 2017, but not holding my breath. Add that the only big shows that one could ever hope to build into something special out there would be sprints. It's really not condusive to 3-4 wide late model or modified shows. It's too tight and ends up being a demo derby.

Would add that the "no-compete" clause that CB had with I-90 in Hartford has to be out the window now and someone surely should be able to come up with cash for that track? My bet's that we will see that happening before someone ever coughs up the cash CB is asking for Husets.


"Gimme fuel, Gimme fire, Gimme that which I desire!"


madsen
December 05, 2016 at 01:25:46 PM
Joined: 10/09/2010
Posts: 404
Reply

Who will buy it?  For racing, NO ONE!  Feel sorry for a guy who wanted nothing more than to help the sport we love, especially help the drivers make decent money.  Only a racing fan dork would not feel bad for the guy.  Let's not forget Quiring, the NSL dies a quick death.  Who didn't see that coming.  Love these guys to help racing but don't go way too far with the pocketbook cuz the income ain't there.  Not sure who is advising these rich guys with their ideas for racing.  As they say, the only way to make a little money in the racing game is to start with a lot of money, unless you are one of the top WoO guys.


 Lawlessness and liberalism equals Hell.  NY City, 
Detroit, Seattle, Chicago, Minnepolis, etc. We saw it. 
Burning hundreds of buildings, a thousand assaults and 
dozens of murders. Getting worser and worser.

Jack Black
December 05, 2016 at 01:27:09 PM
Joined: 11/20/2006
Posts: 297
Reply
I would guess Chuck will pay Lyle to leave I 90 closed or maybe Chuck already owns I 90. Either way racers and fans are screwed. And we wonder why our sport is fading away.

blazer00
December 06, 2016 at 06:25:45 AM
Joined: 06/10/2015
Posts: 2420
Reply
Reply to:
Posted By: madsen on December 05 2016 at 01:25:46 PM

Who will buy it?  For racing, NO ONE!  Feel sorry for a guy who wanted nothing more than to help the sport we love, especially help the drivers make decent money.  Only a racing fan dork would not feel bad for the guy.  Let's not forget Quiring, the NSL dies a quick death.  Who didn't see that coming.  Love these guys to help racing but don't go way too far with the pocketbook cuz the income ain't there.  Not sure who is advising these rich guys with their ideas for racing.  As they say, the only way to make a little money in the racing game is to start with a lot of money, unless you are one of the top WoO guys.



Let's not forget the some of CB's deisions assisted in the current condition of the NSL. I didn't consider Badlands ticket prices and concession prices a move from "a guy who wanted nothing more than to help the sport we love", as you put it. Also, as for TQ, considerable improvements and driver-team/fan comfort and conveniences are continuing at this time at the new Jackson Motorplex, with more to come.




egras
December 06, 2016 at 07:30:04 AM
Joined: 08/16/2009
Posts: 3913
Reply
Reply to:
Posted By: madsen on December 05 2016 at 01:25:46 PM

Who will buy it?  For racing, NO ONE!  Feel sorry for a guy who wanted nothing more than to help the sport we love, especially help the drivers make decent money.  Only a racing fan dork would not feel bad for the guy.  Let's not forget Quiring, the NSL dies a quick death.  Who didn't see that coming.  Love these guys to help racing but don't go way too far with the pocketbook cuz the income ain't there.  Not sure who is advising these rich guys with their ideas for racing.  As they say, the only way to make a little money in the racing game is to start with a lot of money, unless you are one of the top WoO guys.



Hmmm.   If all he ever wanted was to help the sport he loves, why doesn't he keep it open for 2017?  

If he can afford to shelf it and end up eventually taking $1,000,000 for it (if he's lucky), he can afford to operate it.  This is nothing more than an ego trip.  



SDDTRF67
December 06, 2016 at 08:02:46 AM
Joined: 04/21/2015
Posts: 128
Reply
Reply to:
Posted By: madsen on December 05 2016 at 01:25:46 PM

Who will buy it?  For racing, NO ONE!  Feel sorry for a guy who wanted nothing more than to help the sport we love, especially help the drivers make decent money.  Only a racing fan dork would not feel bad for the guy.  Let's not forget Quiring, the NSL dies a quick death.  Who didn't see that coming.  Love these guys to help racing but don't go way too far with the pocketbook cuz the income ain't there.  Not sure who is advising these rich guys with their ideas for racing.  As they say, the only way to make a little money in the racing game is to start with a lot of money, unless you are one of the top WoO guys.



Feel sorry for a guy........Good grief I stopped reading after that. That's rich. LMAO

I made a funny in so many ways.


"Gimme fuel, Gimme fire, Gimme that which I desire!"

paydirt28
December 06, 2016 at 10:35:30 AM
Joined: 01/26/2009
Posts: 795
Reply
Reply to:
Posted By: madsen on December 05 2016 at 01:25:46 PM

Who will buy it?  For racing, NO ONE!  Feel sorry for a guy who wanted nothing more than to help the sport we love, especially help the drivers make decent money.  Only a racing fan dork would not feel bad for the guy.  Let's not forget Quiring, the NSL dies a quick death.  Who didn't see that coming.  Love these guys to help racing but don't go way too far with the pocketbook cuz the income ain't there.  Not sure who is advising these rich guys with their ideas for racing.  As they say, the only way to make a little money in the racing game is to start with a lot of money, unless you are one of the top WoO guys.



That's a little harsh isn't it? I mean, I don't doubt "the guy" wanted to do good at some level, but look at it now. Now everybody suffers. He's made his bed from day one, believers and non-believers alike saw this coming and pictured it ending just like this. Any and all "racing fan dorks" should be outraged by this. CB must not swim because he's surley never heard "Feet first, First time".




slideguy
December 06, 2016 at 01:55:32 PM
Joined: 12/03/2004
Posts: 414
Reply

Can we add that the track won't well for 4M.  It won't sell for 3M.  It miiiiiiiiiiiiiiggggggghhhtttt sell for 2M.  The going rate on a racetrack (built on a flood plain) would only be judged based on the possible cashflow, which probably hovers around $150k/year would mean that it might come out fine at 1.25-2M.  No one is going to invest the capital for much less than 8% ROI, especially when there are other tracks for sale for 10% of the purchase price.  Tod is tapped out, he isn't currently even completing the projects that were started like the campground and elevator.  It would be stupid of him to go an throw around any more than 2M.  Tony is a businessman, not a charity case.  1.2-1.5 would be it.

A reminder that under any scenario, you would have to access the Rubin's books to prove you can get this type of cash flow.



egras
December 06, 2016 at 02:18:44 PM
Joined: 08/16/2009
Posts: 3913
Reply
Reply to:
Posted By: slideguy on December 06 2016 at 01:55:32 PM

Can we add that the track won't well for 4M.  It won't sell for 3M.  It miiiiiiiiiiiiiiggggggghhhtttt sell for 2M.  The going rate on a racetrack (built on a flood plain) would only be judged based on the possible cashflow, which probably hovers around $150k/year would mean that it might come out fine at 1.25-2M.  No one is going to invest the capital for much less than 8% ROI, especially when there are other tracks for sale for 10% of the purchase price.  Tod is tapped out, he isn't currently even completing the projects that were started like the campground and elevator.  It would be stupid of him to go an throw around any more than 2M.  Tony is a businessman, not a charity case.  1.2-1.5 would be it.

A reminder that under any scenario, you would have to access the Rubin's books to prove you can get this type of cash flow.



Your numbers look better.  Although, I still don't think you pencil it out for over $1 million.  I think someone either has the money upfront and is willing to gamble or it doesn't go for over 1 mil.  Someone could certainly pay $4 million for it but not for a money-making venture.  Just because they could.  If I had $250 million, I would pay him the $9.7.  Unfortunately, I will be saving for a while Smile



SDDTRF67
December 07, 2016 at 10:55:22 AM
Joined: 04/21/2015
Posts: 128
Reply
Reply to:
Posted By: egras on December 06 2016 at 02:18:44 PM

Your numbers look better.  Although, I still don't think you pencil it out for over $1 million.  I think someone either has the money upfront and is willing to gamble or it doesn't go for over 1 mil.  Someone could certainly pay $4 million for it but not for a money-making venture.  Just because they could.  If I had $250 million, I would pay him the $9.7.  Unfortunately, I will be saving for a while Smile



As I said before, most dirt race fans, most do not go to a track because it's "nice", they go for the races that are taking place at the track.

While CB made improvements, most of them were overkill for Husets. Now it's overpriced for what it is and where it's at.

Best thing he did was pay more to the actual racers. Still imho most dirt track owners/promotors are in it for the LOVE of the sport. I will never believe CB was and I do not think it's a get rich sport, at least on the track owner/promotor side.

Dirt racing local & national events have had the same and simliar pay structures for years, I mean how long have most single night late model and sprint specials paid 10K to win. That sure isn't a money making propostion for the winning team when motors go for anywhere from 30K to 60K each, and add right rears anyone.

There has to be a happy balance for all sides involved.

If someone wants to put out their OWN money and up the money for the winners, that's great, but you'll never convince me you can do that by passing the buck to the fans, via tickets, concessions, seat licenses, vip extras, etc..

The common going rate is the common going rate.

Still, i will keep the fingers crossed like most.


"Gimme fuel, Gimme fire, Gimme that which I desire!"



Post Reply
You must be logged in to Post a Message.
Not a member register Here.
Already registered? Please Login





If you have a website and would like to set up a forum here at HoseHeadForums.com
please contact us by using the contact link at the top of the page.

© 2024 HoseHeadForums.com Privacy Policy