mx5cartalk.com

This time it seems for real.

I have not seen the ad myself, however I understand it is in today's Fin Review. I understand it is also listed in a real estate agent window in Goulburn.

Can somebody check their copy of FR and confirm, before we get too excited

Yep, was in yesterdays Fin Review. Anyone wanna go shares with me? I've been looking at doing something different. Maybe, we stick in a couple a million each? Imagine owning your own racetrack...........

CT wrote:Maybe, we stick in a couple a million each? Imagine owning your own racetrack...........

...only if i can be the resident photographer

I guess the owners of Wakefield are thinking that now is a good time to sell because if Tony Perich goes ahead with his plan to build the \"new Oran Park\" in the Camden/Picton/Mittagong areas, then it will decrease the value of Wakefield significantly.

Batman, that sounds right, except ... a new circuit will cost mega $$$, and even TP will want to get some sort of return on his outlay. Wakefield got its start as competition to the two Sydney circuits, and I would expect that its competitive edge would continue, or even improve depending on TP's pricing policy.

If anyone should be worried, it's the operaters of Eastern Creek, they are more likely to be in head-to-head competition with a new circuit. However they have the advantage of operating a depreciated asset (ie a lower cost base), how that will play out against the attractions of a brand new facility remains to be seen.

Anyone wanna go shares with me?

Where do I send my cheque?

Group buy????

Batman wrote:I guess the owners of Wakefield are thinking that now is a good time to sell because if Tony Perich goes ahead with his plan to build the "new Oran Park" in the Camden/Picton/Mittagong areas, then it will decrease the value of Wakefield significantly.

Sounds good in theory but that "new" track would be at least 2-3 years away at the earliest. Currently all three tracks don't exactly suffer usage issues - they all have excellent utilisation rates currently. So I doubt there would be any devaluation of current facilities. Hopefully, new owners could inject some more capital into the circuit and further improve it, ie fix the bumps properly, add different layouts and improving track facilities which lets face it, could do with a little sorting out.

A fourth track designed like the Instanbul F1 track would do me just fine - what a fabo track or if we had to a Spa would also be suitable. I wish!

Come on CT, round up the troops for a group buy. I am sure we can fix up the track and facilities. Get your business plan together for our consideration.....

the mx5 club should buy it

ill make a donation

I'd definitely pitch in by doing a lamington drive or two

You could whore yourself out to 1000 fat chicks for $50 a piece. Come on who's willing to help out?

What a poor excuse to, make-love? to a large lady Fuzzlet

Offers invited over 6.5 million for Wakefield

John Boston
Senior Instructor
www.ianluff.com.au

$6.5 million? That's a lot of large ladies