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

Topic: Chuck Brennan to sell Huset's
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kooks
November 30, 2016 at 09:31:29 PM
Joined: 02/27/2008
Posts: 706
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Posted By: frenchy on November 30 2016 at 12:36:36 PM

I want to know what he was thinking, he put a ton of money into the track. New lights, scoreboards, stands, buildings, etc. He was never going to make it back but what was the point of doing all of that? Must be a tax write off.



The entire thing (everything under the "Badlands" brand) has had a money laudering appearance from the beginning.

 



ILSPRINTS
November 30, 2016 at 09:50:39 PM
Joined: 02/12/2012
Posts: 337
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I knew from the start that this tool did not care about racers. He only saw dollar signs. I hope all his shit is out of business.


I tell it like I see it.

Sprinteratheart
November 30, 2016 at 10:00:00 PM
Joined: 07/01/2016
Posts: 44
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Just throwing this out there but their is another retired Nascar driver who has the last few years been 

returning to his sprint car roots. Jeff Gordon certainly has the money and resources to pull

it off. Maybe Tony can nudge him in the right direction



kooks
November 30, 2016 at 10:09:30 PM
Joined: 02/27/2008
Posts: 706
Reply
Reply to:
Posted By: Sprinteratheart on November 30 2016 at 10:00:00 PM

Just throwing this out there but their is another retired Nascar driver who has the last few years been 

returning to his sprint car roots. Jeff Gordon certainly has the money and resources to pull

it off. Maybe Tony can nudge him in the right direction



Whoever ends up buying it at whatever price is finally agreed on, the first order of business should be firing Tom Savage Jr and replacing him with anyone with some common sense.   

Item #2 should be a return to racing 410's, 360's and Late Model Stock Cars on SUNDAY NIGHTS.



hardon
November 30, 2016 at 10:16:26 PM
Joined: 02/20/2005
Posts: 555
Reply

I was quite surprised when I saw this today.  At first I thought it was a joke.  Reading through everyone's opinions has been entertaining.  Like many of you guys I didn't think this was going to be a good fit but I took the wait and see attitude.  Honestly I never thought all the stuff he was saying was going to happen would happen.  I never did make it to a race there this year because of the prices, I know there was many nights with free admission but it never seemed to work out for me those nights.  Sure the guy has a ton of money but he still sunk a lot of money into it that he didn't have to.  If I were him I would shut the place down too.  One estimate I heard was $10 million was spent this year alone.  He had the highest weekly payouts in the country. All of this and most people show no appreciation.

Many don't like him because of the prostitution sting.  Many don't like him because his personality does seem to be a real jerk and thinks he can outspend anyone to get whatever he wants.  And many don't like him because of his business model.  I can totally relate to people not liking him for the first two reasons but I have no problem with his business model.  I'm assuming people were explained the terms when they would borrow the money.  I'm assuming many of these people came to him because they had no other choice.  There was a market and he filled it.  What's the difference between Chuck and Denny Sanford's business?  I believe they would both borrow money to people who needed it.  One charged more interest than the other.  Why do people not have a problem with Denny Sanford?  Maybe because Sanford donates so much money?  Which brings me to what I think his reason is for buying husets and opening the pawn shop.  I think it was to try to look better to the public.  And once that didn't work he was out of here.



Murphy
November 30, 2016 at 10:47:32 PM
Joined: 05/26/2005
Posts: 3923
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Reply to:
Posted By: kooks on November 30 2016 at 10:09:30 PM

Whoever ends up buying it at whatever price is finally agreed on, the first order of business should be firing Tom Savage Jr and replacing him with anyone with some common sense.   

Item #2 should be a return to racing 410's, 360's and Late Model Stock Cars on SUNDAY NIGHTS.



     I don't know Tom Savage, but considering the ego involved, I doubt that Tom had much say in anything that happened.

     Item #2- I agree.



Points
November 30, 2016 at 11:53:53 PM
Joined: 12/01/2004
Posts: 243
Reply
Reply to:
Posted By: kooks on November 30 2016 at 10:09:30 PM

Whoever ends up buying it at whatever price is finally agreed on, the first order of business should be firing Tom Savage Jr and replacing him with anyone with some common sense.   

Item #2 should be a return to racing 410's, 360's and Late Model Stock Cars on SUNDAY NIGHTS.



have the new owners change the name back also



Dryslick Willie
December 01, 2016 at 05:09:30 AM
Joined: 12/17/2009
Posts: 2407
Reply
Reply to:
Posted By: Sprinteratheart on November 30 2016 at 10:00:00 PM

Just throwing this out there but their is another retired Nascar driver who has the last few years been 

returning to his sprint car roots. Jeff Gordon certainly has the money and resources to pull

it off. Maybe Tony can nudge him in the right direction



Would love to see that, but I doubt Gordon would want the track.   It would be awesome to see him with a WoO team, and he has the ability to attract sponsors.   If he was interested though, I think he would have already done it.    Maybe now that he's retired?   We'll see.   I would note that Larson, Smoke, KK, and Stenhouse have all managed to make it happen while being active drivers.  



sprintfanatic
December 01, 2016 at 07:43:48 AM
Joined: 12/06/2004
Posts: 1182
Reply

As it stands right now, no NSL 360, and because of that no Saturday 360's at Jackson, no 360's at Rock Rapids, no 360's at Hartford, and none at Huset's.

And so the 360 downfall continues.  Sing it Ref!!



SDDTRF67
December 01, 2016 at 08:04:11 AM
Joined: 04/21/2015
Posts: 128
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Posted By: schristensen on November 30 2016 at 07:19:41 PM

I think the one thing that people don't realize about the int. rate is that there is a high default rate and bankruptcy rate for people that receive these loans.  He doesn't do title loans so they are all unsecured loans.  The default rate is somewhere in the neighborhood of 50%.   I'm not trying to justify Chucks decision, just stating that it is not really 36%.

Anyways this is not good for racing!  That track like most tracks have been entertaining familes for decades.  Parents introduce them to racing, they grow up have their own families and do the same.  The feasability study at 10M doesn't justify someone buying it as a business opportunity.  I'm sure it would take 20 years to recoup the invesment.

 

 



When CB started the Rock N Roll Academy(Which btw the Boys & Girls Clubs decided to pullout from?) he was talkin' about how roughly, only 5% of his income was coming in from the state of SD. DLC's website states there are more than 80 locations in four states and I would guess less than 10 are in this state, so I highly doubt he's gonna go broke because of IM21. Heard he brings in around 22mil a month? I would bet there's more of the customers DLC's attract living in California, Nevada, and Utah than say South Dakota. Imho this just amounts to him telling the state of SD in his own way to stick it.

It's really sad for local longtime race fans and racers though. I just don't see someone spending the money he's asking on Husets. Dirt Track Ownership & promotion is not a "get rich quick" deal. From all the tracks I've been to over the years it seems more of the promotors/owners are in it for the love of dirt racing and expect the hardships that come with it. It was never the field of dreams, ie: if you build it they will come. lol

I also read on a local news website(mb) that all things under the Badland's Flag are for sale. Hope the radio station stays on the air, at times much better than the "B" or the "KRRO" while killing time in the ol' garage.

 


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

Eagle Pit Shack Guy
MyWebsite
December 01, 2016 at 11:24:19 AM
Joined: 02/11/2005
Posts: 1457
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Posted By: JonR on November 30 2016 at 05:23:13 PM

Ok, I have no dog in this fight.   I have never been to Husets/BMS.   I never thought that BMS would survive because I did not believe in the business model.   He was basically using the dirt track as a draw (loss leader) for the rest of the BMS experience.  The pawn shop/gold mine/gun range/whatever else he did out of that complex.   I thought that eventually he would get tired of funding the loss leader at the current rates to fund the other complex.  Much as I never thought that the NSL would survive because it also had a flawed business model.  

Many people on this board are rehashing all of the reasons that they hated BMS and Chuck,  and many are taking pleasure in this moment.  However, Chuck is shutting down BMS because he is leaving the state because of the new legislation.  He is not shutting down the track because it was not meeting its goals.   In fact, all indications were pointing to a more successful second year.   The BMS/Jackson/Knoxville pissing matched had seemed to subside.  In fact it was announced that the three groups were going to work together and not schedule against the other's premier events.   The NSL was out of business. So there was one less organization in the area promoting races.   Even the Rock and Roll weekend was looking better because of the addition of the USAC midgets to the show.   I think that some of the ant--BMS people on this board need to slow their roll.  It was the result that you wanted, but not for the reasons that you thought.  



AMEN!!

So many people got butt-hurt about this whole thing when it didn't affect them in the least; and NO IT DID NOT AFFECT THEM AT ALL!!! It didn't hurt racing. In fact, it put more money into racers pockets.

They whined, cried, bitched and moaned about Mr. Brennan and wished he wasn't the owner. They got their wish, and now they are whining, crying, bitching and moaning about THAT!!!

As for his comments about Knoxville; have you ever heard of the concept of "Selling your product"??? It sounded to me like he was doing an over-the-top sell job for Badlands Motor Speedway. But, of course, a few people took it to heart. You'd think that he had kicked their dog, stolen their woman and their rusty old pick-up. :)

The disputes (whatever they were) WERE BEING WORKED OUT as has been stated already.

Oh well; back to our regularly scheduled garbage on here.


I am lucky enough to work at one of the best tracks 
anywhere.

racer goin broke
December 01, 2016 at 11:26:57 AM
Joined: 03/02/2016
Posts: 181
Reply

I really hope some one buys the track or Mr. Brennan decides to lease it or run it again. 

But I have been reading the posts all year about how dare he race on Saturday night against Knoxville,  and now everyone is excited that he is done and they want Sunday night racing back. I have a question.  How many fans actually made the trip from one track to the other on Saturday and Sunday nights to take in both races each and every weekend , not just special shows. All I read all year was he needed to not go against Knoxville but c'mon people the tracks are what 5 or 6 hours apart. I mean what was the best interest for the sport and that would be two thriving race tracks. Again I ask how many fans took in both tracks every week? How many made the drive on a Sunday night to see a regular race and then have to get up for work. How many actual cars did both races? Both tracks probably got better crowds on Saturday night. And if the change in nights kept Badlands/Husets open then all the better for 410 racing because because both tracks thrive and can work with each other to have big shows on Sunday nights once or twice a year or multiple day shows. 

I mean the tracks are 6 hrs apart. You all would have something to get in a wad about if you lived in my area and Port Royal and Selinsgrove decided to race 410s against each other again because the tracks are only 35 miles apart.

Again I want to thank Mr.Brennan for his investment in the track and sprint car racing. As a racer I appreciate the money he put in the payoffs and travel money. Thanks to him it raised the pay for all 410s in the Midwest area. Now the competition is gone now the purse can go back down.  Be careful what you wish for.



Eagle Pit Shack Guy
MyWebsite
December 01, 2016 at 12:09:53 PM
Joined: 02/11/2005
Posts: 1457
Reply

+1


I am lucky enough to work at one of the best tracks 
anywhere.

RHC
December 01, 2016 at 01:27:19 PM
Joined: 12/07/2004
Posts: 455
Reply
Reply to:
Posted By: SDDTRF67 on December 01 2016 at 08:04:11 AM

When CB started the Rock N Roll Academy(Which btw the Boys & Girls Clubs decided to pullout from?) he was talkin' about how roughly, only 5% of his income was coming in from the state of SD. DLC's website states there are more than 80 locations in four states and I would guess less than 10 are in this state, so I highly doubt he's gonna go broke because of IM21. Heard he brings in around 22mil a month? I would bet there's more of the customers DLC's attract living in California, Nevada, and Utah than say South Dakota. Imho this just amounts to him telling the state of SD in his own way to stick it.

It's really sad for local longtime race fans and racers though. I just don't see someone spending the money he's asking on Husets. Dirt Track Ownership & promotion is not a "get rich quick" deal. From all the tracks I've been to over the years it seems more of the promotors/owners are in it for the love of dirt racing and expect the hardships that come with it. It was never the field of dreams, ie: if you build it they will come. lol

I also read on a local news website(mb) that all things under the Badland's Flag are for sale. Hope the radio station stays on the air, at times much better than the "B" or the "KRRO" while killing time in the ol' garage.

 



"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."

I would say that the Pawn shop/Radio Station will be the next business that will be up for sale. 

 



blazer00
December 01, 2016 at 02:17:09 PM
Joined: 06/10/2015
Posts: 2420
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Reply to:
Posted By: Eagle Pit Shack Guy on December 01 2016 at 11:24:19 AM

AMEN!!

So many people got butt-hurt about this whole thing when it didn't affect them in the least; and NO IT DID NOT AFFECT THEM AT ALL!!! It didn't hurt racing. In fact, it put more money into racers pockets.

They whined, cried, bitched and moaned about Mr. Brennan and wished he wasn't the owner. They got their wish, and now they are whining, crying, bitching and moaning about THAT!!!

As for his comments about Knoxville; have you ever heard of the concept of "Selling your product"??? It sounded to me like he was doing an over-the-top sell job for Badlands Motor Speedway. But, of course, a few people took it to heart. You'd think that he had kicked their dog, stolen their woman and their rusty old pick-up. Smile

The disputes (whatever they were) WERE BEING WORKED OUT as has been stated already.

Oh well; back to our regularly scheduled garbage on here.



I'm not so sure that Brennan's detractors are whining because he appears to be gone. It may have more to do with the fact that now Huset's is a track that is probably priced out of the market and may sit empty. Let's hope not. As for last year, the increased purses were a good thing, but they did come at a cost. All increases do, and it's the fans that pay for the increases through tickets and concessions. Done moderately to increase purses, and make atrack more appealing, I think fans accept that. It didn't take a genius to see that the money that was being thrown around, however, above and beyond the purses (for the wrong reasons), couldn't last if the track was going to be profitabe. So those monies that only went to a few, only benifited a few. If there isn't a season at Huset's this coming year, how much money did Brennan put in the racers pockets, when all is said and done?  I remember well when Eagle was really scraping to put together and keep a weekly sprint car show going. The early seventies. I was there weekly working with two drivers. The excellent evolution and growth at Eagle did not come overnight by a decending angel that simply threw money at the track. It was done by the hard work and dedication of many. Eagle has had ups and downs over the years, but always seems to find a way to come back. I don't believe a business person per say, can make a dirt track go, if that business person isn't a fan first! I had my doubts from the begining that a race fan had taken over Huset's. I think that proves out by his decision to close shop and sell. And if it wasn't going to be proftable, who's fault was that?



SDDTRF67
December 01, 2016 at 02:30:07 PM
Joined: 04/21/2015
Posts: 128
Reply
This message was edited on December 01, 2016 at 02:31:19 PM by SDDTRF67
Reply to:
Posted By: JonR on November 30 2016 at 05:23:13 PM

Ok, I have no dog in this fight.   I have never been to Husets/BMS.   I never thought that BMS would survive because I did not believe in the business model.   He was basically using the dirt track as a draw (loss leader) for the rest of the BMS experience.  The pawn shop/gold mine/gun range/whatever else he did out of that complex.   I thought that eventually he would get tired of funding the loss leader at the current rates to fund the other complex.  Much as I never thought that the NSL would survive because it also had a flawed business model.  

Many people on this board are rehashing all of the reasons that they hated BMS and Chuck,  and many are taking pleasure in this moment.  However, Chuck is shutting down BMS because he is leaving the state because of the new legislation.  He is not shutting down the track because it was not meeting its goals.   In fact, all indications were pointing to a more successful second year.   The BMS/Jackson/Knoxville pissing matched had seemed to subside.  In fact it was announced that the three groups were going to work together and not schedule against the other's premier events.   The NSL was out of business. So there was one less organization in the area promoting races.   Even the Rock and Roll weekend was looking better because of the addition of the USAC midgets to the show.   I think that some of the ant--BMS people on this board need to slow their roll.  It was the result that you wanted, but not for the reasons that you thought.  



Actually the track & the pawn shop are not even close in proximity. The only thing they have in common is that they both carry the "Badlands" name and they both book concerts.

I also do not believe that the people on here that posted "warnings" or disdain for Mr. Brennan are taking pleasure in this moment, that's only your opinion. I don't know maybe some are? More so than not, alot of them knew all about his "character" and were very leary about the future of the track because the person who bought it had more in common with Don King than actual real race fans.

I'd never say higher payouts for racers is a bad thing, but running your mouth against other tracks that historically have been race destinations for years and butting heads with promotors in your area instead of reaching out a hand. That's just classless and egotistical and bad business.

Bottom line, no matter where any dirt track is located in the US, there's only so many racers, and so many weekends to go around for everyone and I don't really know too many people who attend any race track just because of how nice it looks. Add that if a promotor wants to payout more to his racers for specials and weeklys, more power to him, but if he plans on passing that buck onto the fans. Well two words....GOOD LUCK.

Best deal to generate more money for fans at an event that I've seen.....FANS FUND for the CLS USA Nationals. Now that was a good idea that gets extra money to the actual racers.


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

sprintfast
December 01, 2016 at 02:39:44 PM
Joined: 07/01/2012
Posts: 246
Reply

There is no way anyone would pay over 5 million for the track. There isn't enough cash flow to support anything higher than that. 

If he is firm on his price it maybe closed for years. 



Eagle Pit Shack Guy
MyWebsite
December 01, 2016 at 02:44:57 PM
Joined: 02/11/2005
Posts: 1457
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Reply to:
Posted By: blazer00 on December 01 2016 at 02:17:09 PM

I'm not so sure that Brennan's detractors are whining because he appears to be gone. It may have more to do with the fact that now Huset's is a track that is probably priced out of the market and may sit empty. Let's hope not. As for last year, the increased purses were a good thing, but they did come at a cost. All increases do, and it's the fans that pay for the increases through tickets and concessions. Done moderately to increase purses, and make atrack more appealing, I think fans accept that. It didn't take a genius to see that the money that was being thrown around, however, above and beyond the purses (for the wrong reasons), couldn't last if the track was going to be profitabe. So those monies that only went to a few, only benifited a few. If there isn't a season at Huset's this coming year, how much money did Brennan put in the racers pockets, when all is said and done?  I remember well when Eagle was really scraping to put together and keep a weekly sprint car show going. The early seventies. I was there weekly working with two drivers. The excellent evolution and growth at Eagle did not come overnight by a decending angel that simply threw money at the track. It was done by the hard work and dedication of many. Eagle has had ups and downs over the years, but always seems to find a way to come back. I don't believe a business person per say, can make a dirt track go, if that business person isn't a fan first! I had my doubts from the begining that a race fan had taken over Huset's. I think that proves out by his decision to close shop and sell. And if it wasn't going to be proftable, who's fault was that?



I agree in principal, but still.....they are whining. They got what they wanted, but now they don't like that he is gone. As another posted stated "Be careful what you wish for"!!

As for Eagle, we have been truly blessed with our current owner. He's a fan first, and always looks at things from that perspective. Being a shrewd business man, he understands that is the only way to do things. But, he also was a racer; and has that perspective to boot.

That, and he hired me; so he's got that going for him. :)


I am lucky enough to work at one of the best tracks 
anywhere.

SPRINT41
December 01, 2016 at 03:26:55 PM
Joined: 11/09/2006
Posts: 50
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Reply to:
Posted By: SDDTRF67 on December 01 2016 at 02:30:07 PM

Actually the track & the pawn shop are not even close in proximity. The only thing they have in common is that they both carry the "Badlands" name and they both book concerts.

I also do not believe that the people on here that posted "warnings" or disdain for Mr. Brennan are taking pleasure in this moment, that's only your opinion. I don't know maybe some are? More so than not, alot of them knew all about his "character" and were very leary about the future of the track because the person who bought it had more in common with Don King than actual real race fans.

I'd never say higher payouts for racers is a bad thing, but running your mouth against other tracks that historically have been race destinations for years and butting heads with promotors in your area instead of reaching out a hand. That's just classless and egotistical and bad business.

Bottom line, no matter where any dirt track is located in the US, there's only so many racers, and so many weekends to go around for everyone and I don't really know too many people who attend any race track just because of how nice it looks. Add that if a promotor wants to payout more to his racers for specials and weeklys, more power to him, but if he plans on passing that buck onto the fans. Well two words....GOOD LUCK.

Best deal to generate more money for fans at an event that I've seen.....FANS FUND for the CLS USA Nationals. Now that was a good idea that gets extra money to the actual racers.



Actually the track and the pawn shop ARE in the proximity of each other.  Track is in Brandon and the Pawn shop are in Sioux Falls.  They are roughly 10-12 miles from each other.



blazer00
December 01, 2016 at 04:00:46 PM
Joined: 06/10/2015
Posts: 2420
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Reply to:
Posted By: Eagle Pit Shack Guy on December 01 2016 at 02:44:57 PM

I agree in principal, but still.....they are whining. They got what they wanted, but now they don't like that he is gone. As another posted stated "Be careful what you wish for"!!

As for Eagle, we have been truly blessed with our current owner. He's a fan first, and always looks at things from that perspective. Being a shrewd business man, he understands that is the only way to do things. But, he also was a racer; and has that perspective to boot.

That, and he hired me; so he's got that going for him. Smile



I have always enjoyed my trips to Eagle, and can't remember a bad race. In fact one of the best A Mains I've ever seen was at Eagle. You could have trown a blanket over Mark, Steve, Hillenberg, and Haude and one more but can't rmember who. I do know that Mark hit the cone on a restart while leading and got sent to the rear. Karl was PISSED! 

As for the Bennan matter, I think most of his detractors are glad he appears to be gone...... I do doubt though, that they are happy that the track may be idle for a spell. I was not a Brennan fan, and that is known, but I did want the track to succeed! 



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