Tuesday, January 31, 2006

Eagle Raceway Sales Rumor Denied

Brad Brown posted a rumor on his site, IBRACN.com that All-Stars President Guy Webb is purchasing Eagle Raceway.

Note: Brad stated clearly on his site that this was a RUMOR, and e-mailed me on Monday to gather information. At the time I didn't have anything to report. This information came late Tuesday (1-31-06).

From the site:

I reveived an email stating that Eagle Raceway is in the process of being sold. The buyer.....All-Star Circuit of Champions President/Owner Guy Webb and the X-Plex Group. Guy Webb and the X-Plex (click on X-Plex for more info on them) have teamed up to buy several different dirt tracks around the U.S., mainly in the midwest, to help promote the sport of sprint car racing. More

After speaking with Eagle Raceway Owner Craig Cormack late Tuesday afternoon, he said that a sale to Webb was touched upon shortly after the October announcement that Eagle Raceway was for sale. However, nothing has transpired since. A call to Full Throttle Entertainment - Eagle Raceway's management - confirmed that Eagle Raceway will run their program as scheduled in 2006.

If (BIG IF) Webb is looking to apply the X-Plex concept at Eagle, he's probably going to need more land. Much of the ground used for parking and surrounding the facility is leased. There have also been zoning discussions regarding residential development in surrounding areas as well. It's not going to affect Eagle Raceway as is, but could be an issue for large scale non-residential interests.

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