I thought all of you would be interested in an update on Chris' and my MX-5 Cup Team..
- Chris continues to be preoccupied with personal and his job responsibilities during his leave of absence from his job. As a result, I am going on my own in making the business, strategic and investment decision which are covered below:
- We will have at least one car in the CUP.
- If the logistics work out, we will enter one of two car in the second to last race in the 2014 series, which is as follows:
August 8-10 *Road America / Test Day August 7/Elkhart Lake, WI
October 1-3*Petit Le Mans / Test Day Sept 30/Road Atlanta- Braselton, GA
*Double-race events
- The team will be based in Topeka, KS for the following reasons A.) I have investors in Topeka, that can easily fund the cost of the 2nd car, Trackside support can come from Topeka volunteers, C) We have excess in our budget to fly a driver from Topeka to all of the races. D) Prather Racing is located in Topeka www.pratherracing.com E)having a driver from the Topeka or KC area will help draw investors/sponsors from Topeka & KC and F) I have more than enough contacts in Topeka alone to fund a second team and G) We do not need any sponsors to fund our costs, including replacement of 2 cars.
- If anyone from the Kansas or Missouri or other regions read about this or any where else. PLEASE DO NOT CONTACT ME. We will have an announcement on the 28th of April, after Chris and I meet with Tom Campbell, President of SCCA Pro Racing. (I have been in contact with Tom over the last three weeks. He lives in NY and is flying into KC to meet with us at the SCCA headquarters.)
- I have access to the President and CEO of a public company that has sufficient cash to buy Mazda at any time it would want. Thus I have an entrée to numerous corporations across the US.
- So why am I doing this? There are 2 reasons:
- I started a business as a reseller of high-performance parts. Best products for Miatas to Maserati’s. I do not need additional income. However, it would make more than what is need to cover my wife’s and my health insurance premiums when my wife retires, which she wants to do 3 years from now.
- My wife’s health is beginning to fail. In the business, I am in there is not sufficient income to replace her salary and benefits. Thus making an $100,000 investment for a one car team, will stimulate more sales and profits. I am hopeful that she will be able to retire by August. This will be from selling a portion of my interest in the company to investors. I am attending a meeting of fraternity brothers in Topeka on the 27th of April. Out of 50 of them, I would only need one to write a check to provide the cash I need to make this happen.