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30 Jan 2008, 15:54 (Ref:2117117)
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#1 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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Edmonton Race Changes Ownership
The Edmonton Sun reports a change in ownership to a company called Northlands and questions the deal's details, which are not entirely known, but the move is apparently made because the race has lost money over three years.
http://www.edmontonsun.com/News/Edmo...01459-sun.html |
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30 Jan 2008, 16:23 (Ref:2117133)
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#2 | ||
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Veteran
Join Date: Oct 2006
Posts: 625
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Good news. hopefully the new owners will be able to list the event.
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30 Jan 2008, 16:59 (Ref:2117158)
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#3 | ||
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Veteran
Join Date: Apr 2004
Posts: 1,311
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Northlands is also in charge of running Capital EX - a two week summer festival held at the same time as the Rexall Grand Prix, should be some good synergies there
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It's time to switch to Whiskey, we've been drinking Beer all night - Corb Lund |
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3 Feb 2008, 13:50 (Ref:2119693)
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#4 | ||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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...and this was supposedly one of the more successful venues...
Could someone please just fix this... |
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton. |
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3 Feb 2008, 14:01 (Ref:2119706)
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#5 | ||
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Veteran
Join Date: Jul 2005
Posts: 2,196
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The balance sheet aside for a moment John, Northlands is a pretty capable bunch. If there is a race, it'd be in very good hands. FWIW.
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Give me a drink don't be talking so much you're a pain in the butt - Mick |
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3 Feb 2008, 14:03 (Ref:2119709)
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#6 | ||||
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Veteran
Join Date: Aug 2004
Posts: 7,263
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Quote:
Quote:
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The thrill from west hill |
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3 Feb 2008, 14:10 (Ref:2119714)
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#7 | ||
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Veteran
Join Date: Jul 2005
Posts: 2,196
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LOL Luke, he has his moments I'm sure, just like the rest of us.
 In fact, Northlands may very well be the only group up there that can still pull it off, IMO. |
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Give me a drink don't be talking so much you're a pain in the butt - Mick |
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3 Feb 2008, 14:35 (Ref:2119730)
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#8 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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"Crash" Cameron, the racing writer for the Sun up there, provides some of the other operational details...apparently a big festival separately at the same time they're going to join together with the race in some form.
http://www.edmontonsun.com/Sports/Co...01614-sun.html |
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3 Feb 2008, 15:03 (Ref:2119749)
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#9 | |
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Veteran
Join Date: Dec 2003
Posts: 6,885
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It sounds like a great deal as the grandstand rental costs have been a major issue for many street races, so it helps if they can be used elsewhere in the city for different events. Plus tying it in with the local festival should be great.
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Wolverines! |
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3 Feb 2008, 18:14 (Ref:2119881)
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#10 | ||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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This race has been depicted as a money-maker (or at least break even). It has attracted good crowds - I was simply expressing my disappointment to find that despite that, they still could not at least break even.
Hopefully the new owners will be able to do that. |
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton. |
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4 Feb 2008, 01:25 (Ref:2120166)
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#11 | ||
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Veteran
Join Date: Jul 2005
Posts: 2,196
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That's true John, the Edmonton race has been touted as a success since year one. Success in a weird Willy Loman sort of way I guess.
Oh, and that was as laid back a Super Bowl half time show as we've seen in a long time by the way. 
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Give me a drink don't be talking so much you're a pain in the butt - Mick |
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4 Feb 2008, 01:28 (Ref:2120168)
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#12 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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True on that last one, Last2.....back to the game.
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