The Roaring Season

Kiwiboss wrote:If the TCC has voted not to sell the track then they mustn't be under financial pressure to sell it? which is what i thought the situation was!! So why has all this come about???? was it just "someone" want to buy and the TCC needed a shareholders meeting as such to discuss??

Dale M

Taupo Motorsport Park Ltd is under pressure and by all accounts TMP shareholders turned down an offer of less than $4 million for the place, mind you it is about $6.5 million in the red. Scuttlebutt has TMP being offered for sale on the International market

Taupo Car Club along with friends are now one of the parties that maybe looking at purchasing. Sure hope they can pull it off.

[color="#0000CD"]Take a few minutes to look at the link posted by Carlo #29 this thread Dale- financial statement between 11 Sept/01 Oct 2012 sort of spells it all out.[/color]

Hi Guys, I have been reading through this thread and nobody has mentioned anything about another possible buyer. Mr Quinn might not be the one interested in buying Taupo as I have heard another name mentioned. That person is named in one of the links posted.

Anthony

Its official, Quinn was rejected by 30% of the shareholders so he is now looking at spending his money here in Australia and is looking at Willowbank. Will see if I can find the link to the article I read it in.

Here you go http://www.speedcafe.com/2015/03/03/quinn-to-pursue-aussie-circuit-after-taupo-snub/

Quinn:

“I think I could have gone a long way to sorting out motorsport in New Zealand,” he said. “You can’t do it without two tracks.”

That is one deep comment and one can only wonder what his 'fix' for NZ motorsport means.

IF he means bringing the Aussie GTs and maybe even Aussie V8s to two NZ tracks, much as that would go down really well in most people's eyes, I don't see that as 'sorting out motorsport in NZ'.

I'd like to know what he really meant, as I suspect that there would probably be more losers than winners...

Reading books about Bernie Ecclestone for example, is enough to know that one person with too much power (and money) may indeed do a lot of good for the sport - but they can also do irreparable harm. The person who has gained the most from BE's take over of F1 is of course, BE.

Maybe he was intending to break the monopoly that MNZ has on motor racing in NZ?
If you want an example of how that can be achieved, study the case of Paul Samuels and the Wakefield Park circuit in NSW.