Posts
3948
Joined
4/1/2008
Location
Visalia, CA
US
Fantasy
1177th
Edited Date/Time
1/19/2012 6:18pm
I found this article quite interesting; yes it's a roadracing site, but this is certainly moto-related.
Jim's a brilliant businessman, obviously. Think about this for a second: They sold Pro Racing for basically $1,000,000 a year. He bought Pro Racing for $1,000,000 a year. (And) He bought it on the layaway plan. They didn't even have to put any money up front. He subcontracted out the AMA motocross series to the Coombs family. So essentially, I think what you have here is, the Coombs family is basically paying for Jim France to own AMA Pro Racing lock, stock, and barrel. It's brilliant. He's a genius businessman. But it also shows you that the Pickerington bunch, they're not very good negotiators. And Pro Racing was worth way more than $1,000,000 per year. I mean, it's just ... it's just a travesty that they sold it for that. It really is.
Direct link:
http://superbikeplanet.com/2010/Jan/100129llinterview.htm
I wonder how much Luongo offered up for Pro Racing during the bidding process?
Jim's a brilliant businessman, obviously. Think about this for a second: They sold Pro Racing for basically $1,000,000 a year. He bought Pro Racing for $1,000,000 a year. (And) He bought it on the layaway plan. They didn't even have to put any money up front. He subcontracted out the AMA motocross series to the Coombs family. So essentially, I think what you have here is, the Coombs family is basically paying for Jim France to own AMA Pro Racing lock, stock, and barrel. It's brilliant. He's a genius businessman. But it also shows you that the Pickerington bunch, they're not very good negotiators. And Pro Racing was worth way more than $1,000,000 per year. I mean, it's just ... it's just a travesty that they sold it for that. It really is.
Direct link:
http://superbikeplanet.com/2010/Jan/100129llinterview.htm
I wonder how much Luongo offered up for Pro Racing during the bidding process?
BP
I forwarded it to my AMA congressman.
I'm glad I had the wisdom over 20 years ago to quit wasting my money.
The Shop
Well worth the cost to race those great venues. Maybe someday the amateur sanctioning body will be called something else, but in the meanwhile....
I'm jus' sayin'...
Post a reply to: Who bought AMA Pro racing?