Rupewrecht
21-05-2003, 10:52 AM
Taken from the CAMS website:
CAMS today announced the cancellation of Calder Park’s track licence, effective immediately, due to the operator, Calder Park Motorsport Promotions Pty Ltd, becoming insolvent.
The Board of Calder Park Motorsport Promotions Pty Ltd passed a resolution on 19 March 2003 that the entity was insolvent and has been subsequently placed into administration.
With no expectations of future trading and no ability to pay for Calder Park’s track licence for 2003, CAMS President, Colin Osborne, said CAMS had no option but to remove the licence.
"This unfortunately means that no CAMS permitted events can be held at Calder Park after today unless a new operator successfully applies for a track licence", said Osborne.
"Administrators of Calder Park Motorsport Promotions Pty Ltd have been given every opportunity to continue with the current track licence but have chosen not to."
Osborne concluded, "The situation is obviously disappointing for clubs that have meetings planned at Calder Park in the coming months. CAMS will endeavour to provide assistance to the affected clubs in sourcing alternative venues to enable these meetings to run".
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That pretty fubar, but it's been coming for a while - Calders been for sale for ages, and the land is worth a fortune. But losing a dragstrip so close to the city is a big loss for Melb, and is only going to push more of it back onto the streets...not that it ever left by any stretch of the imagination :wink:
oh well, i was going to go to Heathcote anyway :? :roll:
CAMS today announced the cancellation of Calder Park’s track licence, effective immediately, due to the operator, Calder Park Motorsport Promotions Pty Ltd, becoming insolvent.
The Board of Calder Park Motorsport Promotions Pty Ltd passed a resolution on 19 March 2003 that the entity was insolvent and has been subsequently placed into administration.
With no expectations of future trading and no ability to pay for Calder Park’s track licence for 2003, CAMS President, Colin Osborne, said CAMS had no option but to remove the licence.
"This unfortunately means that no CAMS permitted events can be held at Calder Park after today unless a new operator successfully applies for a track licence", said Osborne.
"Administrators of Calder Park Motorsport Promotions Pty Ltd have been given every opportunity to continue with the current track licence but have chosen not to."
Osborne concluded, "The situation is obviously disappointing for clubs that have meetings planned at Calder Park in the coming months. CAMS will endeavour to provide assistance to the affected clubs in sourcing alternative venues to enable these meetings to run".
---
That pretty fubar, but it's been coming for a while - Calders been for sale for ages, and the land is worth a fortune. But losing a dragstrip so close to the city is a big loss for Melb, and is only going to push more of it back onto the streets...not that it ever left by any stretch of the imagination :wink:
oh well, i was going to go to Heathcote anyway :? :roll: