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