Post by forktom on Oct 23, 2008 20:59:58 GMT -5
CORR Faces Potential Collapse – Is The End Near?
Los Angeles, California (October 23,2008) Championship Off Road Racing showed its true hand on Monday afternoon, after CORR’s Cissy Baldwin perhaps showed one of the best poker faces in recent history. XR Promotions, LLC., also known to the world of off road motorsports as CORR/Championship Off Road Racing, reached out to sponsors and wealthy race team owners for some financial help in an effort to save the final race weekend of the 2008 season by asking race entities to pony up a total of $2.2 million dollars in order for them to host the final race weekend of the season.
Predicted many times over the past three years, the inevitable collapse of the premier closed-course sanctioning body, CORR, appears to be very near as the 2008 season comes to an end. The final three rounds of racing were expected to decide championships in almost every class and now it seems that the organization, led by Jim Baldwin, is on the brink of disaster.
This past Monday afternoon, CORR CEO, Jim Baldwin, spoke with CORR’s primary sponsors and invested race team owners asking them to put together a $2.2 million dollar package in order for CORR to host the final race of the season at Chula Vista, California on December 5, 6 and 7, 2008.
This comes on the heels of Cissy Baldwin’s Internet radio interview two weeks ago when she assured listeners that plans for 2009 were even bigger and better than what has occurred in 2008.
Sources have revealed to DIRTnewz staffers that a group of team owners banded together late last month and paid the outstanding debt that CORR owed to Gary Primm for the events that have been previously held at the Primm, Nevada race track. They had hoped that with the debt paid, the October 25-26, 2007 race would go on as planned, but after the payment was made, CORR “delayed” those rounds of racing until the final race weekend of the season scheduled for Dec 5-7, 2008.
The word of this impending disaster to the world of off road motorsports began to leak out several weeks ago, but CORR’s spokesman, Scott Rehn, has continued to wave the flag that CORR was just waiting for a “loan” to be approved.
CORR has suffered significantly as the decline of the real estate development business and economic woes have gripped all facets of the U.S. economy.
It has long been rumored that several different entities were in the bid process to purchase CORR from Jim Baldwin, but that has not developed into what CORR thought it was going to be and hence, the collapse of Championship Off Road Racing is perhaps a very true reality.
Word trickled down to some of the top CORR racers as early as Tuesday afternoon after team owners and top sponsors had a chance to digest the news from Jim Baldwin.
The bottom line is that CORR has asked several different entities with interests in their racing series to dig deep into their pockets at the end of the 2008 fiscal year and pump out $2.2 million to promote the last race weekend of the series.
Race team sponsors are scrambling as the cancellation of the final two race weekends of the 2008 season are sure to put Championship Off Road Racing into the deep freeze perhaps forever. Word among many drivers was very hush hush as no one wants to believe that the end is in sight.
Calls to the Newport Beach, California office of Championship Off Road Racing went unanswered all day Wednesday.
copied from
www.dirtnewz.com/corr-pressreleases/2008/10-2008/corr-10-22-08.shtml
Los Angeles, California (October 23,2008) Championship Off Road Racing showed its true hand on Monday afternoon, after CORR’s Cissy Baldwin perhaps showed one of the best poker faces in recent history. XR Promotions, LLC., also known to the world of off road motorsports as CORR/Championship Off Road Racing, reached out to sponsors and wealthy race team owners for some financial help in an effort to save the final race weekend of the 2008 season by asking race entities to pony up a total of $2.2 million dollars in order for them to host the final race weekend of the season.
Predicted many times over the past three years, the inevitable collapse of the premier closed-course sanctioning body, CORR, appears to be very near as the 2008 season comes to an end. The final three rounds of racing were expected to decide championships in almost every class and now it seems that the organization, led by Jim Baldwin, is on the brink of disaster.
This past Monday afternoon, CORR CEO, Jim Baldwin, spoke with CORR’s primary sponsors and invested race team owners asking them to put together a $2.2 million dollar package in order for CORR to host the final race of the season at Chula Vista, California on December 5, 6 and 7, 2008.
This comes on the heels of Cissy Baldwin’s Internet radio interview two weeks ago when she assured listeners that plans for 2009 were even bigger and better than what has occurred in 2008.
Sources have revealed to DIRTnewz staffers that a group of team owners banded together late last month and paid the outstanding debt that CORR owed to Gary Primm for the events that have been previously held at the Primm, Nevada race track. They had hoped that with the debt paid, the October 25-26, 2007 race would go on as planned, but after the payment was made, CORR “delayed” those rounds of racing until the final race weekend of the season scheduled for Dec 5-7, 2008.
The word of this impending disaster to the world of off road motorsports began to leak out several weeks ago, but CORR’s spokesman, Scott Rehn, has continued to wave the flag that CORR was just waiting for a “loan” to be approved.
CORR has suffered significantly as the decline of the real estate development business and economic woes have gripped all facets of the U.S. economy.
It has long been rumored that several different entities were in the bid process to purchase CORR from Jim Baldwin, but that has not developed into what CORR thought it was going to be and hence, the collapse of Championship Off Road Racing is perhaps a very true reality.
Word trickled down to some of the top CORR racers as early as Tuesday afternoon after team owners and top sponsors had a chance to digest the news from Jim Baldwin.
The bottom line is that CORR has asked several different entities with interests in their racing series to dig deep into their pockets at the end of the 2008 fiscal year and pump out $2.2 million to promote the last race weekend of the series.
Race team sponsors are scrambling as the cancellation of the final two race weekends of the 2008 season are sure to put Championship Off Road Racing into the deep freeze perhaps forever. Word among many drivers was very hush hush as no one wants to believe that the end is in sight.
Calls to the Newport Beach, California office of Championship Off Road Racing went unanswered all day Wednesday.
copied from
www.dirtnewz.com/corr-pressreleases/2008/10-2008/corr-10-22-08.shtml
