[DeTomaso] NPC: car news stuff kinda sad

[L GRAY]

    Well this sucks ..........

Leslie A. Gray

> On Aug 10, 2017, at 9:20 AM, Larry-Ohio Time Corp <Larry at ohiotimecorp.com> wrote:
> 
>   Skip Barber Racing School has received U.S. Bankruptcy Court approval
>   in New York to sell all its assets and intellectual property to Liquid
>   Asset Partners. The school is one of the largest racing institutions in
>   the world. It has a 40+ year history providing racing instruction,
>   defensive and high-performance driving classes, amateur and
>   professional racing championships, and corporate entertainment
>   experiences. The list of alumni include top racers, business
>   professionals, and world famous actors.
> 
>   While most of the physical assets will be sold in a three month
>   liquidation sale starting August 29, the iconic brand is available for
>   outright purchase offers or potentially for licensing to regional race
>   schools or tracks that want to grow race programs. Liquid Asset
>   Partners utilizes a unique approach to Intellectual Property and values
>   the enormous brand recognition of the Skip Barber Racing School. Other
>   schools and race tracks with instructional programs could add quality
>   and demand to their race programs from the Skip Barber Racing School
>   association.
> 
>   A three-month liquidation sale will be held in Braselton, GA starting
>   August 29. The sale will include hundreds of race cars and
>   high-performance engines, transmissions, and components for Barber
>   formula race cars, Mazda Miata, Porsche 911, Mustang GT, semi-trailers,
>   trucks, fleet equipment, race equipment, memorabilia, and historical
>   vehicles.
> 
>   "Skip Barber Racing School has built a great track record for over 40
>   years as the leading race and performance driving school. We feel
>   honored to have this opportunity and are starting to talk to different
>   parties about options for its future," said Bill Melvin, owner of
>   Liquid Asset Partners. "The demand for Skip Barber Racing School
>   training is very high, and it's amazing how most men know the Skip
>   Barber Racing School as the best of the best. It just needs the right
>   structure for it to grow for another 40+ years. Licensing to numerous
>   tracks could be an option. Adding the Skip Barber Racing School to any
>   track curriculum would be a huge draw for any local race community, or
>   a national player may emerge to acquire the brand for a national
>   program already in place."
> 
> 
> 
>   Team 211 Entertainment CEO Jim Cohan has announced that the owners of
>   the Irwindale Event Center property have set the date for the center's
>   last day of operation. "We were notified this week by the owner's
>   representative that January 31, 2018 will be our final day on the
>   Irwindale property," Cohan said.
> 
>   "First and foremost, everyone should know that we'll continue to
>   operate Irwindale Event Center right up to our final weeks, as we've
>   been doing for the past five years; providing great family motorsports
>   and related entertainment in the most professional way possible," he
>   went on. "Our full 2017 schedule of NASCAR, Drag Strip, LA Racing
>   Experience events, and special events will run as published. And, in
>   fact, we're planning on adding a couple of extra events to the calendar
>   to honor all of the competitors who raced and wrenched here at
>   Irwindale since it opened in 1999."
> 
>   "In all honesty, we were here and in it for the long haul, in fact we
>   were in the process of putting out our complete schedule for the 2018
>   season. All that made this news very difficult for me to hear, and very
>   hard on our whole team.
> 
>   Cohan went on to thank all of the many sponsors, and supporters who
>   worked with the facility over the years, "Without them, we would have
>   never been able to do what we've done.  I won't name them all here but
>   they all deserve a huge amount credit for this place still being
>   around.  They've believed in us and we've believed in them ... those
>   partnerships have meant a great deal to everyone involved."
> 
>   Cohan also thanked the many motorsports sanctioning bodies that chose
>   Irwindale as the site of numerous major events over the years, saying,
>   "Their confidence in our abilities was a high compliment for us, we
>   always tried to make each show better than the last one. That's just
>   the way all of our people are wired. And ...we'd be somewhat amiss if
>   we didn't mention our friends in the City of Irwindale, and working
>   with them to have an event center that everyone involved with could be
>   proud of."
> 
> 
>   "In the end I'm most proud of our whole extended team right across the
>   board; they're a very dedicated group of people who picked up what was
>   left when the original operators left in 2012. Working together these
>   people rebuilt this facility's reputation as one of the finest short
>   tracks in the country, a great stock car driving experience, and an
>   exciting street legal drag strip. I'm the one who is most often quoted;
>   but they're the team that did all the work."
> 
>   Cohan concluded, "I simply want everyone out there to understand that
>   this team is going to work just as hard to keep this a great
>   fan-friendly facility running strong all the way until midnight January
>   30, 2018. We all wish that we could have given our racers many more
>   than the five years we were able to and sincerely hope that we
>   entertained all of our guests along the way..."
> 
> 
> 
>   Larry (just the facts) - Cleveland
> _______________________________________________
> 
> 
> Detomaso Email List is not managed by POCA
> Posted emails must not exceed 1.5 Megabytes
> DeTomaso mailing list
> DeTomaso at server.detomasolist.com
> http://server.detomasolist.com/mailman/listinfo/detomaso
> 
> To manage your subscription (change email address, unsubscribe, etc.) use the links above.
> 
> Members who post to this list grant license to the list to forward any message posted here to all past, current, or future members of the list. They also grant the list owner permission to maintain an archive or approve the archiving of list messages.