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

http://www.badlandsmotorspeedway.com/

Sounds like the real deal and let's hope it does go off well. Would be nice to see the race track back in action again. Whoever the next owner may be, I hope being a business person doesn't dramatically out weigh also being a sprint car fan.

Hope someone is able to buy it as well and they can manage it with continued success. Husets has always been on my bucket list and would love to go their sometime.

Only unknown is, and I have no dog in the fight, what happens if no one bids or the bid comes in under what the current owner is willing to accept? $9.45million is a chunk of change and not to be mean to anyone and I don't mean this as a dig on current owner or future owners I do not see it selling for that amount. I could be wrong and if I am so be it, its not my money or my track.

Back in 2004 Eldora sold for I believe $3.4million (according to Darke County Auditor Site) and had a reputation & prestige about it. Granted this is 2018 and from what I have seen Badlands/Husets is in great condition by any track standards in the country. What happens if the top bid is only 3 or 4 or 5million? Does the current owner accept it or choose to say no to it? Hopefully the bid that is placed is enough for the deal to go through and a new owner is able to keep the gates open for years to come.

Sounds like $10 million OR BEST OFFER!

The way I understood the press release is that there would not be a high reserve and possibly none at all.  If that is the case they are serious about unloading the property.

If the place sells and reopens they're not entirely out of the woods yet.  I'm not a Sioux falls area resident but my experience observing shuttered tracks coming back has been a shortage of competitors.  This is a Sprint far forum where stock cars and mods are considered a nuisance at best but the new track will need their participation to succeed.  Maybe someone from down there can weigh in on what the race teams have done since it closed.  That entry class low purse support aka back gate is critical.

Same is true with Sprint teams where are they now?   Are the majority still racing and the I'll they come back?  If they come out of the box with 8 car Features fans may decide to do something else.  

Stan Meissner

Posted from phone at work.  Spell correct hates me. 

Stan Meissner

From the linked article:

There will NOT be an extremely high auction reserve or ghost bidders. In fact there will either be a very minimal reserve or no reserve at all.


      It might all depend on your definition of "extremely high". Note too that the underlying theme seems to be to entice someone to make a reasonable offer before the deadline- kind of like e-bay "buy it now" type thinking. From the article it looks like you would have to register and prove you are financially capable to purchase the track in order to be allowed to bid. I'd say that anybody who jumps through those hoops will be getting a phone call right away and get a sales pitch. To be fair, that's not a bad thing.

What if you are an "armchair loser internet troll........." AND are a qualified buyer - can you still bid? 

Is there some kinda test for the 'internet loser troll' part - do you have to give-up your user names and passwords or something????

You are the king of the Loser internet trolls.

If wondering what displaced.racing teams will do is.trolling I'll own it.  If it sells it's questionable whether how long closing will take.  Likely it will be going on two years idle by the time it wraps up and changes hands.  How many sold race cars or got tired of the uncertainty and switched to other tracks?  

Some might say I'm trolling but it's just common sense questions.

Stan Meissner

I will say this, and I'm only speculating on possibilities. With the number of racers willing to up and move or follow a series these days, I don't think attracting racers would be a problem, providing certain things are achieved.  If a new owner moves race night back to Sundays, a lot could be attained. I have little doubt that both Knoxville and Jackson Motorplex would be willing to cooperate with a new owner. I could even see a rebirth of the NSL that Tod Quiring had visions of. I think it takes a mimimum of three tracks to form the basis to rebuild the 410 competition in the midwest. I could see a bonus for winning two of the three weekend events (providing a TH-FR-SA schedule) and a bonus for a sweep. Maybe even a seperate points fund for the Tri-State Champion (IA-MN-SD). With the Knoxville Nationals and the Jackson Nationals, and a new big show at Husets/Badlands, plus visits by the All Stars and the WoO, there alone is a lot of money to attract racers and teams. And who knows, something like this may even attract more sponsor money for the race teams and the tracks. With the internet, a business doesn't have to just advertise to the customers in his backyard so to speak, reaching outside an area works, too. Pipe dreams? Maybe, but it's fun to imagine the possibilities.

     That is funny. I have no insider information about anything. What I wrote is my opinion, based on what the press release says. Chuck can call it any way he wants to. His perspective and the perspective of others may not coincide. It's not the first time. My opinion is, if I had the financial backing and made him an offer he was willing to accept, there is no way he would say "no- you have to be at the auction and bid just like the 100 other prospective buysers". (The last part was a little bit of sarcasm Chuck.)
     I hope he does get it sold. Every day it sits empty it is worth less money < my opinion. New owners would have some hard work in front of them to make it a success. I think they would have an easier time than Chuck did.

     Husets has always long had a good crop of Late Model Street Stocks and Hobby Stocks.

I'm sure that Chucky's idea of "there will not be an extremely high reserve" and prospective buyers idea of not being an unrealistic reserve are waaaaay different.

If the resevere is more than $3 million, I'd say theres only a 50% chance it gets sold.     If the reserve is $5 million or more its very unlikely to sell.

An auction is the most accurate appraisal that can be done.  No matter if it sells or not, you find out what its really worth to prospective buyers. 

Quote from the Badlands website:

For the armchair loser internet trolls who think they have insider information and pretend to be an authority on the subject, this is NOT just a ploy to try and push one of the buyers into a quicker sale. There will NOT be an extremely high auction reserve or ghost bidders. In fact there will either be a very minimal reserve or no reserve at all. This sale will happen and it is our goal to get this track into the hands of a great business owner or operator who can take this amazing project to the next level. 

Very, very professional for an official press release.  Yikes.  This very paragraph almost has me thinking the website was hacked.  Now you don't know whether or not to take it seriously.  ?????  What kind of business uses this approach when advertising a sale of this magnitude?   I can't believe I read it.  

What kind of business uses this approach?

Chucky's kind of business.    Going all the way back to the "if I hear Knoxville again I'm going to puke" comment, nothing he has ever done or said has been very professional.

I'm still blown away.  I cannot believe anyone in their right mind would put that paragraph in the middle of an official sale listing.  

As a long time Sioux Falls resident it's my opinion that although it may take a season, Huset's will rebound strong, or at least to what it was before it became BMS. There are many passionate race fans that are more then ready to get back to their hometrack. Most of the sprint teams are still racing 360's in the area. History would suggest that by mid-season there are only about 14-16 410's showing up on average and I think that will be achievable again, and I think the 360's will pull in 20+ each week. I also feel like the hobby stocks, modifieds, etc...will show well as most of them are still racing in the area. Just my thought. As far as the North Dakota guys coming down, without extra insentive it's hard to say how many will return.

    I believe you are correct. Nobody in their right mind would.

You don't really know what you've got until it's a done deal.  The new owners could do an about face and start promoting Late Models and Modifieds, IMCA, USRA or WISSOTA classes.  They might look at that 14-16 with the higher purse as unsustainable, especially after being idle for close to two years.  It's not over until it's over.  Not every promoter is committed to supporting Sprint Cars.

I would hope that the best alternative becomes the reality but I've seen a lot of unexpected twists in my 66 trips around the sun. 

Stan Meissner