Deal's dead for race track

February 1, 2008
Back to TopCommentsE-mailPrintBookmark and Share
The deal to sell O’Reilly Raceway Park in Clermont is dead, and racing insiders said the opportunity to raise the local facility’s profile even higher might have died with it. Some within the racing community felt the suitor, a Santa Monica, Calif.-based investment group led by the developer of DirectTV, was going to roll out a new, aggressive marketing plan to bolster the image of the drag racing circuit and its facilities.

O’Reilly Raceway Park, a cornerstone facility for the NHRA for more than 40 years, figured to be a prime benefactor of that plan. The U.S. Nationals have been held here since 1961. HD Partners Acquisition Corp. Chairman and CEO Eddy Hartenstein in May said he thought paying $121 million for four NHRA tracks and the Powerade Drag Racing Series was a good value.

Sources close to the deal indicated Hartenstein could try to revive the deal when the economy strengthens. In the meantime, though, racing insiders wonder how much marketing muscle the NHRA has lost, and how that will affect the local track. The full story is here. What do you think?
ADVERTISEMENT

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
ADVERTISEMENT