Canadian Racing On Line Exclusive. Barrie Speedway Sold To Investment Group.

[Kahnefreak]

I think Brad is just getting tired of it! he's done such a great job, but it's probably just time to move on!

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32133#msg32133

[maddog]

I must admit, I am a little curious about this sale.  It is obviously going to go through, however I question if it is good for Barrie.  Here is the reasoning.  Brad and Steve are businessmen.  So in order to sell they either A) Are not making any money (which I don't beleive), B) have a problem with their business relationship (the biggest cause of business failure with partners), or C) They received an offer they couldn't refuse (an overpayment for the business).  It looks to me like scenario C.  Let's say the improvements that are coming cost $500,000.  You would have to re-coup $50,000 a year over ten years to get that back.  When you consider that the place is usually busy (but no one gets turned away at the gate), where is that extra revenue going to come from?  Barrie already has the top touring series, and there is no way any other NASCAR series is going to go to a narrow 1/3 mile track.  You take the requirement for extra revenue, combine it with a possilble overpayment for the asset, and you have a huge potential issue here.  I hope it works, and that it is the jewel of Ontario, however I have to say I have a cautious outlook about the whole thing.

Wake up and smell the coffee B is the answer.

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32143#msg32143

[Thayne]

I must admit, I am a little curious about this sale.  It is obviously going to go through, however I question if it is good for Barrie.  Here is the reasoning.  Brad and Steve are businessmen.  So in order to sell they either A) Are not making any money (which I don't beleive), B) have a problem with their business relationship (the biggest cause of business failure with partners), or C) They received an offer they couldn't refuse (an overpayment for the business).  It looks to me like scenario C.  Let's say the improvements that are coming cost $500,000.  You would have to re-coup $50,000 a year over ten years to get that back.  When you consider that the place is usually busy (but no one gets turned away at the gate), where is that extra revenue going to come from?  Barrie already has the top touring series, and there is no way any other NASCAR series is going to go to a narrow 1/3 mile track.  You take the requirement for extra revenue, combine it with a possilble overpayment for the asset, and you have a huge potential issue here.  I hope it works, and that it is the jewel of Ontario, however I have to say I have a cautious outlook about the whole thing.

Wake up and smell the coffee B is the answer.

I heard the same thing too maddog

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32146#msg32146

[maddog]

barrie 97 ps. You do have some inside conection cause all through this deal you have been getting insider news confirmed to you.Speaking of scoops what are you saying about a new motor home ?

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32149#msg32149

[Kahnefreak]

yeah Thayne pays for that insider info! lol...geez at least tell us what the rumours are!

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32153#msg32153

[Thayne]

barrie 97 ps. You do have some inside conection cause all through this deal you have been getting insider news confirmed to you.Speaking of scoops what are you saying about a new motor home ?

HAHA, man, no wories...I jsut saw the motor home brad was using last race...it might not be his, like i said...someone just told me about it.

and the inside stuff well, if you pick up a phone you would be amazed what you can find out! lol

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32166#msg32166

[RRRCREW]

I think after talking to Steve that he wanted out of the ownership, he was tired of being yelled at by everyone. Brad said at the drivers meeting that he didn't think he could do another year, I think it was too much for him. He should have hired a race director ( like the new ownership is planning on doing ) so all he had to do was worry about the track & not the racing. Steve said at the meeting that he & Brad didn't want to see the track go downhill after everything they did. I think they noticed that some people were tired of the politics & wanted a change. I know that our group is excited about what is to come, but we will miss Brad & Steve, they helped us out allot & were fun to be around.

Also, at the meeting the new owners mentioned that they had discovered this site, and read some of the posts. Since we know they are on here we should maybe post some suggestions that could improve the track. I think they should go headhunting & hire Kawarthas race directors, I have never seen such a well organized track imo. What do you guys think?

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32209#msg32209

[Scooter]

I think after talking to Steve that he wanted out of the ownership, he was tired of being yelled at by everyone. Brad said at the drivers meeting that he didn't think he could do another year, I think it was too much for him. He should have hired a race director ( like the new ownership is planning on doing ) so all he had to do was worry about the track & not the racing. Steve said at the meeting that he & Brad didn't want to see the track go downhill after everything they did. I think they noticed that some people were tired of the politics & wanted a change. I know that our group is excited about what is to come, but we will miss Brad & Steve, they helped us out allot & were fun to be around.

Also, at the meeting the new owners mentioned that they had discovered this site, and read some of the posts. Since we know they are on here we should maybe post some suggestions that could improve the track. I think they should go headhunting & hire Kawarthas race directors, I have never seen such a well organized track imo. What do you guys think?

     Yorkie allready tried that and all she got was negative response from it ..On a footnote there are some teams at BSW that I know don't want it because some feel that they will have no Control over the Track It self OR'' their or what situation that might come from it,,The Teams Or Racers,Don't like to lose control of things especially if It benefits them!!!..Good Luck to the New Owners Lord knows they are going to need it.....

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32235#msg32235

[Silverstone]

I think after talking to Steve that he wanted out of the ownership, he was tired of being yelled at by everyone. Brad said at the drivers meeting that he didn't think he could do another year, I think it was too much for him. He should have hired a race director ( like the new ownership is planning on doing ) so all he had to do was worry about the track & not the racing. Steve said at the meeting that he & Brad didn't want to see the track go downhill after everything they did. I think they noticed that some people were tired of the politics & wanted a change. I know that our group is excited about what is to come, but we will miss Brad & Steve, they helped us out allot & were fun to be around.

Also, at the meeting the new owners mentioned that they had discovered this site, and read some of the posts. Since we know they are on here we should maybe post some suggestions that could improve the track. I think they should go headhunting & hire Kawarthas race directors, I have never seen such a well organized track imo. What do you guys think?

     Yorkie allready tried that and all she got was negative response from it ..On a footnote there are some teams at BSW that I know don't want it because some feel that they will have no Control over the Track It self OR'' their or what situation that might come from it,,The Teams Or Racers,Don't like to lose control of things especially if It benefits them!!!..Good Luck to the New Owners Lord knows they are going to need it.....

+1
I wouldn't want their job for love nor money. lol.

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32237#msg32237

[Scooter]

I agree Silver LOL''Its really amazing that how much one learns just from Hanging out in the Pit Area''lol' and Tech ,,,some Like myself are Quick learners and for the new track owners WTF''they have their work cut out for them lol''It will be fun to whatch Though'''

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32239#msg32239

[IntoTheWall]

you are right Scooter Tech needs a major overhaul and house cleaning and yeah you learn alot about track politics and all the B/S that goes with it most of the time all you can do is go with the flow I'm waiting to see what happens at season's end and during the off-season should be interesting

Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32241#msg32241

[barrienews]

Sale of Barrie Speedway Complete!
Popular Barrie Speedway Attracts New Ownership
Barrie ON, September 7th, 2007

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 You heard  about it first last week  on Canadian Racing Online.

Today from Trackside at Barrie Speedway.

Barrie Speedway, a 1/3 Mile, paved tri-oval located north of Toronto between Barrie and Orillia, has been sold to a new ownership group.

Barrie Speedway has been growing in popularity. The racetrack has been running regular Saturday night racing for over 40 years and has quite a history of popular drivers and loyal fans. With the growth the track has experienced in the last few years, including the NASCAR Canadian Tire Series events, there has been growing interest in the facility.

“It was time for us”, states previous owner and track President, Brad Moran. “My partner, Steve St. Onge and I, after being approached by the new owners, decided that maybe it was time to bring some new energy and experience to the track. I think we’ve done a pretty good job with it. I’ve been working at it for 7 years now and I’m pretty proud of what we’ve created here. We believe in change and we know the track is going to be in pretty good hands with the new owners”, he added.

“As a racer, I wanted to make sure the track went into the hands of a management team that will remain committed to providing a great facility from the drivers perspective. Not just the quality of the facility, but of the racing organization as well. We also know it’s important to provide cost effective programs that make racing affordable for new drivers to get into. After spending time getting to know the new ownership team, they understand that the real products are the cars and the drivers and crews behind them. They also know business, and racing is a business. I think it’s a great step forward for the Speedway”, stated Steve St. Onge.

The new owners are three experienced businessmen from Barrie and Orillia: Dave Simpson, Jim Payetta and Mark Hayter. “We’re very excited about this deal”, says Jim Payetta, the spokesman for the group. “It was one of those things that came together quite quickly. Dave, Mark and I have all run successful businesses and we see opportunity with the Speedway. With the NASCAR Canadian Series and the weekly NASCAR Whelen Series, we’ve got a solid foundation on which to build. There’s been lots of rumors floating around and we wanted to let everyone know who we are and what our plans are. We do have plans, which we will share over time, but we want to make sure people don’t expect things to happen too fast. We’re just getting our feet wet. Right now it’s business as usual”, said Payetta. “We will be making some improvements right away, but we’ll be taking things one step at a time”, he added.

The track has undergone many improvements in the last few years, including being re-built as a 1/3 mile tri-oval from a 1/4 mile oval. Barrie Speedway has a solid and loyal fan base, which was an important consideration for the new owners. “We visited a number of racetracks that ran regular Saturday night programs and we were most impressed with Barrie. The fans and drivers are great and there is a real history to the place. This track belongs to the fans, the drivers and their crews. We view our role as being the next custodians of the Speedway and to do what we can to help Barrie Speedway realize it’s potential”, stated Jim Payetta.

An official ‘handing over the keys’ ceremony will take place on Saturday September 8th when the NASCAR Canadian Series visits Barrie Speedway for the ATTO 300.

 
 
For more information contact:
Jim Payetta
705-791-6665
jimp@barriespeedway.com
 


Linkback: https://www.canadianracingonline.com/smf/index.php?topic=6594.msg32248#msg32248