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Topic: A race to own Husets??? Email this topic to a friend | Subscribe to this TopicReport this Topic to Moderator
Page 3 of 12   of  220 replies
oswald
June 17, 2019 at 05:42:10 PM
Joined: 11/30/2004
Posts: 1759
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Posted By: Shortie12 on June 17 2019 at 05:39:19 AM

Just to clarify it states that the non refundable $200K entry fee will be immediatly refunded if race does not happen.Getting 5 top teams would be possible .Getting 18 would be improbable.It a shame it is just sitting as sprint car racing is doing well. WRG has done everything that they said they would and many thought when Ted sold the WOO it would be death of them.



Now I'm more confused. How can they refund a "non refundable" deposit?  Wow

 

Wish he would just auction it with no reserve to the highest bidder then just GO AWAY!



StanM
MyResults MyPressRelease
June 18, 2019 at 07:59:25 AM
Joined: 11/07/2006
Posts: 4395
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This message was edited on June 18, 2019 at 01:09:11 PM by StanM
Reply to:
Posted By: Murphy on June 16 2019 at 01:48:49 PM

Don't underestimate the fans. Rod Pattinson reopened Hartford last night after a 3 year hiatus. They had 22 late models, 17 late model street stocks, 21 hobbystocks, 19 B-mods, 10 IMCA Racesaver sprints and the biggest crowd I've ever seen there. They also had some darned good racing before the damn rain washed out the feature races.



Last week I went to one night of the Cedar Lake Masters.  52 USMTS Mods, 35 Late Models and 17 USRA Limited Lates.  The USRA was the only class with a short field, Mods ran two B's, Lates ran one.  Former Eldora Dream winner Jimmy Mars showed the way in the two top classes.winning the Lates and coming in second in the USMTS Main.

If I'm going to watch Stock Cars and Modifieds that is the type of show I'm going to, not some weekly marathon with junk classes like pure stocks.  I'm a specials only fan after sitting through too many decades of back gate promoting.  Been watching this sport since 1960 and earned the right to ignore weekly back gate promotion marathons and go with specials only.  


Stan Meissner

saphead
June 18, 2019 at 08:28:31 AM
Joined: 11/30/2004
Posts: 633
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This is so damn dumb I can't force myself to read the entire article. 

 




Michael_N
June 18, 2019 at 11:23:31 AM
Joined: 11/30/2004
Posts: 514
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This message was edited on June 18, 2019 at 11:32:00 AM by Michael_N

I can't see how this could work.Even if 18 guys "unionize" and "win" the track they are still in to it for 3.2 million after getting second through fourth place money back. It ain't worth that much. Not sure if there would be a way to appraise it for say 2 million and take a tax break on the other 1.2 mil? The guy is a loon  but I'll give him a shred of credit for coming up with some crazy promotions.



StanM
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June 18, 2019 at 01:14:05 PM
Joined: 11/07/2006
Posts: 4395
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Posted By: Michael_N on June 18 2019 at 11:23:31 AM

I can't see how this could work.Even if 18 guys "unionize" and "win" the track they are still in to it for 3.2 million after getting second through fourth place money back. It ain't worth that much. Not sure if there would be a way to appraise it for say 2 million and take a tax break on the other 1.2 mil? The guy is a loon  but I'll give him a shred of credit for coming up with some crazy promotions.



The longer it sits idle the more difficult it's going to be to bring it back.  Even though our focus is on the Sprints they still need their Stock Car and Modified class at the back gate.  The Sprints are great to watch, you know that's my deal Mike, but they can't turn their back at the local folks in the entry classes.  They're the ones that are most likely to bring along a dozen relatives more so than Sprint drivers coming in from hundreds of miles away on a Sunday night. 

Those local folks racing in the lower paying classes have all found other places to race or bought campers and fishing boats by now.  Realistically it's going to take anyone who takes over the idle facility a couple of years to build things back up to a sustainable level. 

And that is my uninformed opinion.  wink


Stan Meissner

Murphy
June 18, 2019 at 02:46:23 PM
Joined: 05/26/2005
Posts: 1438
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Posted By: StanM on June 18 2019 at 01:14:05 PM

The longer it sits idle the more difficult it's going to be to bring it back.  Even though our focus is on the Sprints they still need their Stock Car and Modified class at the back gate.  The Sprints are great to watch, you know that's my deal Mike, but they can't turn their back at the local folks in the entry classes.  They're the ones that are most likely to bring along a dozen relatives more so than Sprint drivers coming in from hundreds of miles away on a Sunday night. 

Those local folks racing in the lower paying classes have all found other places to race or bought campers and fishing boats by now.  Realistically it's going to take anyone who takes over the idle facility a couple of years to build things back up to a sustainable level. 

And that is my uninformed opinion.  wink



     I dunno. Hartford sat quiet for 3 years and got 89 cars for the opener last Saturday night. Yes, it would take time to rebuild things but the fans and a fair amount of racers are still active in the area.

     I'm a sprint car zombie. There- I said it! But I do like watching some of the fendered classes race. I could, however pass on front wheel drives, bombers, enduros, B-mods and anything that starts with 'mini' or 'micro'.




StanM
MyResults MyPressRelease
June 18, 2019 at 04:26:22 PM
Joined: 11/07/2006
Posts: 4395
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Posted By: Murphy on June 18 2019 at 02:46:23 PM

     I dunno. Hartford sat quiet for 3 years and got 89 cars for the opener last Saturday night. Yes, it would take time to rebuild things but the fans and a fair amount of racers are still active in the area.

     I'm a sprint car zombie. There- I said it! But I do like watching some of the fendered classes race. I could, however pass on front wheel drives, bombers, enduros, B-mods and anything that starts with 'mini' or 'micro'.



I'm a specials only snob starting a few years ago.  I paid my dues for many years chasing and photographing every imaginable entry class.  Somebody else can support the local weekly shows and I'll reap the benefits of the big specials.  I think there's an exemption after I turned 65 so that I don't have to sit through all that anymore.


Stan Meissner

jazz78
MyWebsite
June 18, 2019 at 07:49:57 PM
Joined: 08/05/2012
Posts: 17
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Posted By: saphead on June 18 2019 at 08:28:31 AM

This is so damn dumb I can't force myself to read the entire article. 

 



6 words "Chuck Brenan is a ass hat"



FORD97
June 19, 2019 at 06:56:46 AM
Joined: 11/30/2004
Posts: 1393
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Posted By: StanM on June 18 2019 at 04:26:22 PM

I'm a specials only snob starting a few years ago.  I paid my dues for many years chasing and photographing every imaginable entry class.  Somebody else can support the local weekly shows and I'll reap the benefits of the big specials.  I think there's an exemption after I turned 65 so that I don't have to sit through all that anymore.



Somehow you keep missing the larger point. 

The closing of Huset's was preceeded by the closing of I-90. That left no dirt track racing of any kind in the Sioux Falls area. The reopening this year of I-90 drew a lot of cars. 

Your theory that the reopening of Huset's means starting from scratch on cars is simply not the case. If you reopen it, they will come.


Unless I know you, I don't care what you think.


RHC
June 19, 2019 at 09:51:49 PM
Joined: 12/07/2004
Posts: 418
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 More info about the race from the Huset's website:

 

THE WINNER WINS THE TRACK

OR

A $3,600,000 CASH BOUNTY OPTION

IF YOU DON'T WANT THE TRACK

 

Yes, if you are the fastest, you will win the Legendary Huset’s Speedway historic dirt track!  The 70+ acres of land, the track, the buildings, the lights, the name, the website, the billboards, and more! Or if you don’t want the track, you can take a $3,600,000 cash bounty instead.

 

HERE IS HOW IT WORKS:

 

  • The cost per car in the race will be a non-refundable $200,000 deposit.

    • Land Title Guaranty Company with the legal team of Meierhenry Sargent LLP in Sioux Falls, South Dakota handling the transactions.

    • Once the contracts are complete and the proper accounts set up, the drivers, race teams, sponsors, or individuals will be able to wire their $200,000 non refundable place holder into the Land Title Guaranty Company to hold their spot in the race.

  • There will be a MINIMUM of 18 cars required to enter for the race to happen.

  • The MAXIMUM number of cars allowed in the race will be 36.

    • 410 Winged Sprint Cars only. 

    • This will be done on a first-come-first-serve basis only! In the unlikely circumstance we do not hit the 18 participant number, then the race will simply not happen and the funds will be immediately returned.

  • Open entry will be available from the time the contracts are ready to sign until exactly one week prior to the event happening (August 6, 2019).

    • Anyone entering AFTER the registration deadline would have to pay a $75,000 late entry fee if there are still any slots left in the race and they may do so with certified funds right up until the day of the race if there is room.

    • The first 12 teams to sign up will also receive a VIP suite for their guests at the race with a retail value of $20,000 to include 20 tickets, the suite, food and beverages. 

  • The winner of the race will win the track OR the $3,600,000 cash bounty.

    • Second place wins $200,000.

    • Third & Fourth place both win $100,000

      • The winner will have the option to keep the track or take the $3,600,000 cash bounty. It’s completely up to you!

  • We will be following all of the standard World of Outlaws rules for the cars when it comes to the specs and teching. The rules will be clearly posted and will be in line with industry standards and those ran at the Knoxville Nationals.

    • Rules and Regulations can be found at https://www.dirtcarmembers.com/downloads.php under the “World Of Outlaws NOS Energy Drink Sprint Car Series” section.

    • Our plan would be 3 heat races of 12 cars with 24 cars making it to the main race and that feature being 40 laps. Depending on the number of cars, there may not be heat races.

       

  • In case of a rain out, we have blocked off the next 2 days, (August 14th and 15th) as rain dates.

  • This race will be open to the public and we will be posting information soon on the ticket pricing, suite pricing, VIP pricing and all you will need to know if you want to attend the race in person and see this historic event live.

  • This will be the only event that evening. No other events, classes, or races.  Simply the biggest and most important race ever.

 



oswald
June 19, 2019 at 11:31:27 PM
Joined: 11/30/2004
Posts: 1759
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Is this what you would call a classic example of back gate promoting! The entire purse comes from the competitors. Plus all but 4 teams go home $200,000 poorer. 3rd & 4th place win $100,000? Actually they each lose $100,000. 2nd place breaks even on their deposit but loses all money spent towing to the track and racing. WOW



Points
June 20, 2019 at 12:09:55 AM
Joined: 12/01/2004
Posts: 206
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So the winner takes the $3,600,000 because its the better deal and Chuck still owns the track.

How about this. 18 teams form a side deal. $3,600,000 total entry fees. $4,000,000 total purse. Run a good clean race. Split the money. $22,222 profit per team.Thanks Chuck can we do this again?




hawkeyeracer
June 20, 2019 at 12:57:42 AM
Joined: 06/25/2012
Posts: 5
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Alright let's smoke a little smoke, What if you found one guy or a group of guys to buy in all 18 cars .Made a contract that all winning's go back to the interested  group or individual.   And they put up a purse of 50k to win 40 for 2nd 25 for 3rd 20  for 4th 15 for fifth 10 for 6th to 10th  7500 for 11th to 15th and 5000 to start. . That would be 242500 purse. so the investment group would get 157500 back on there deal so the cost of 3.6 goes to 3.5and change. On the Chucks side he will be charging at least 30 bucks a ticket and let's say he has 6000k show up to watch 180000 k and concessions should bring in 120000k more for 300000. more so he is getting 3.9 really. makes him happier. Sure the is some expenses for promotions food and permits, Also we would have to hire track personal and ambulance services. So that would eat up a lot of what the gate makes . I know it's only a pipe dream but I want to see and go racing  so bad again at Badlands It's nice to dream..



Murphy
June 20, 2019 at 06:47:31 AM
Joined: 05/26/2005
Posts: 1438
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Reply to:
Posted By: hawkeyeracer on June 20 2019 at 12:57:42 AM

Alright let's smoke a little smoke, What if you found one guy or a group of guys to buy in all 18 cars .Made a contract that all winning's go back to the interested  group or individual.   And they put up a purse of 50k to win 40 for 2nd 25 for 3rd 20  for 4th 15 for fifth 10 for 6th to 10th  7500 for 11th to 15th and 5000 to start. . That would be 242500 purse. so the investment group would get 157500 back on there deal so the cost of 3.6 goes to 3.5and change. On the Chucks side he will be charging at least 30 bucks a ticket and let's say he has 6000k show up to watch 180000 k and concessions should bring in 120000k more for 300000. more so he is getting 3.9 really. makes him happier. Sure the is some expenses for promotions food and permits, Also we would have to hire track personal and ambulance services. So that would eat up a lot of what the gate makes . I know it's only a pipe dream but I want to see and go racing  so bad again at Badlands It's nice to dream..



      I think you kind of have to look at this for what it rea is, an attempt to sell the track for more than its worth. at the auction no one would start the bidding at $3.1 million. To me that shows the fair mark value to be under that amount; probably less now that we are a year down the road.  Mr. Barnum & Bailey is hoping to make $3.6 to $7.2 million plus the profits off running the race. Anyone with money enough to finance your suggestion is too smart to overpay.



Schreurs12
June 20, 2019 at 08:10:05 AM
Joined: 04/11/2017
Posts: 35
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Hes been out of the news for a month or 2 now and wanted people to start talking about him again so they came up with something to make people talk. Thats all I see with this. 18 teams will never gamble on a race like that for $200k unless its something like Points said where they all team up for it. Im not going to get too excited about this actually happening since Chuckles never actually follows through with any of these plans.




StanM
MyResults MyPressRelease
June 20, 2019 at 08:33:01 AM
Joined: 11/07/2006
Posts: 4395
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Posted By: FORD97 on June 19 2019 at 06:56:46 AM

Somehow you keep missing the larger point. 

The closing of Huset's was preceeded by the closing of I-90. That left no dirt track racing of any kind in the Sioux Falls area. The reopening this year of I-90 drew a lot of cars. 

Your theory that the reopening of Huset's means starting from scratch on cars is simply not the case. If you reopen it, they will come.



I don't debate over speculation.  Past experience says that reopening shuttered tracks doesn't always go as planned.  


Stan Meissner

Keyboard Jockey
June 20, 2019 at 09:58:04 AM
Joined: 04/16/2014
Posts: 317
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Looking at the "What you win" part of the website it appears that al of the track equipment has dissapeared...

Also shoulnt the taxable amount of this property be public record to easily see what the taxable value of the property is? 



mattschar
June 20, 2019 at 10:15:56 AM
Joined: 12/01/2004
Posts: 2
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This message was edited on June 20, 2019 at 10:24:47 AM by mattschar

According to the Minnehaha County 2018 Assessed Values, the total assessed value of 2012 Splitrock Blvd is $3,020,727.00. This information is available at https://www2.minnehahacounty.org/Assessed_Values/details.asp?ParcelNumber=10324.

Just my speculation, but usually assessed tax values are about 15%-20% less than assumed fair market value. If that is true, the Minnehaha County assessor assumes this property is worth about $3.47 to $3.6 million. 

 

 




SDDTRF67
June 20, 2019 at 01:52:20 PM
Joined: 04/21/2015
Posts: 123
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THIS WILL HAPPEN FOLKS! ............as soon as elephants fly.


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

JonR
June 20, 2019 at 06:57:06 PM
Joined: 05/28/2008
Posts: 711
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I think that this just got interesting.   3.6 million in cash is a lot of money.   I still think that the 200k is a big nut to get over, but we may be surprised.   I also think that the tax man is going to come visit the winner regardless of the arrangement which will limit the above mentioned "conspiracy theories"    

Finally, do not mistake this point as an endorsement for Chuck.   I am like everyone else and have tired of his routine, but 3.6 million to win a race is impressive regardless of who puts it on. 





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