Red River Raceway Track is for Sale

Bobby Brannon · 10-30-2008, 02:08 PM

Anyone interested in owning a track, This one in Gilliam,La is for sale. It has about 150 acres included in sale.

Please contact Tim or Jerry Wilhite for information. 318-747-3780

Bob Pagano · 10-30-2008, 03:50 PM

Why dose a track this good not make money ?? Is it that there is not enough racers in the state, even Monroe is for sale. Maybe bad management. What can we as racers do to help save this track? Lets hear from some of the Div. 4 people .......speak-up, I would hate to see houses built on that site, how about someone stepping up and manage it for free for a couple of years and see what the real problem is.

Woodro Josey · 10-30-2008, 04:47 PM

There ya go Bobby then you could test anytime you wanted to!

Ed Wright · 10-30-2008, 04:48 PM

Bobby just needs to dig up some of those coffee cans he buried full of money, and buy it.

Bobby Brannon · 10-30-2008, 06:43 PM

The owner said today that if the track is not sold he will dis-mantle the track piece by piece until only paved area's are left. It is at a good price, if you want to own and run a race track this track is a buy

Jeff Teuton · 10-30-2008, 09:26 PM

I also think the proposed route of I49 from Shreveport to Texarkana goes next to the track.

Bobby Brannon · 10-30-2008, 10:57 PM

Close but no Cigars

340Cuda · 03-08-2009, 08:34 AM

Could someone please tie Adger's post below with this one. Seems to be something missing. Last time I was at Shreveport was the 2003 IHRA Divisional race but at the time it was a great facility. Sure would hate to see it go away.
Bill Lamb

Start of Adger's post:
I guess this is why no one showed up for the closing.

Mansfield man, son accused of running Ponzi scheme

10:28 PM CST on Wednesday, March 4, 2009

By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews

The Securities and Exchange Commission sued a Mansfield man and his son Wednesday, alleging they ran an $11 million Ponzi scheme to fund the son's racing career and to buy real estate.

The civil case alleges that starting in April 2007, Ray White, 50, used his company, CRW Management LP, to persuade 250 people in 22 states to give him money. White allegedly told investors that he achieved high returns – as much as 30 percent – by investing in overnight foreign currency exchanges, the suit said.

But of the $10.9 million given to the elder White, just over $93,900 was invested into foreign exchange investments, the suit said.
Instead, the money went to pay for 22-year-old Christopher White's racing career and to buy replica car dealer Hurricane Motorsports of Arlington, which both Whites co-managed, the suit claims.

Numbers for Hurricane Motorsports had been disconnected Wednesday. Calls to homes for the Whites were not returned.

U.S. District Judge Ed Kinkeade has assigned Timothy Mack as the receiver for the assets. The judge also combined the SEC's case with a case against White's CRW Management filed Wednesday by the Commodity Futures Trading Commission.

According to the SEC suit, CRW charged some investors 10 percent or even 20 percent of their investment to participate in White's trading program.

He allegedly paid some investors back with money derived from new investors, a structure common in Ponzi schemes.

The elder White had told investors as recently as Jan. 24 that he had stopped investing in overnight currency markets because of "homeland security" issues and promised that investors would get their money back. No investor has received funds from the Whites since he stopped trading, the suit said.

Ray White bought a house, land, cars and Hurricane Motorsports with the money and paid $3.5 million to "third parties," the suit says. It seeks restitution, penalties and an order barring the two from similar actions.

The elder White isn't a registered broker and cannot sell securities, the suit said.
__________________
Adger Smith 4780 SS

Bob Pagano · 03-08-2009, 09:41 AM

Its not location, "Pinks" filled the place to overflow last year. There was nothing offered by the track to get anyone interested in racing there. Some folks said track champs did not get paid and a dinner was never had either. Sounds like no effort was put in this track to get racers to show up.

'

John Kelley · 03-08-2009, 01:41 PM

I can't see a "PINKS" race as a good indicator of location.
People will travel hundreds of miles to get into a "PINKS" event,they will BEG for entry credentials !
Anything to get in the BIG SHOW and possibly be on TV in the hottest show on SPEED TV.
They could have it in the middle of Death Valley aND HAVE A MASSIVE CROWD....just to see the bald headed "flagman"..............

10-30-2008, 02:08 PM	#1
Bobby Brannon Senior Member Join Date: Mar 2002 Location: Bossier City,La. Posts: 658 Likes: 3 Liked 101 Times in 34 Posts	Red River Raceway Track is for Sale Anyone interested in owning a track, This one in Gilliam,La is for sale. It has about 150 acres included in sale. Please contact Tim or Jerry Wilhite for information. 318-747-3780 __________________ Bobby Brannon 4705 STK, SS

10-30-2008, 03:50 PM	#2
Bob Pagano VIP Member Join Date: Jun 2002 Location: New Holland, PA Mooresville,NC Posts: 1,163 Likes: 232 Liked 16 Times in 11 Posts	Re: Red River Raceway Track is for Sale Why dose a track this good not make money ?? Is it that there is not enough racers in the state, even Monroe is for sale. Maybe bad management. What can we as racers do to help save this track? Lets hear from some of the Div. 4 people .......speak-up, I would hate to see houses built on that site, how about someone stepping up and manage it for free for a couple of years and see what the real problem is. __________________ Bob Pagano A/SA

10-30-2008, 04:47 PM	#3
Woodro Josey Senior Member Join Date: Jul 2007 Posts: 805 Likes: 0 Liked 3 Times in 1 Post	Re: Red River Raceway Track is for Sale There ya go Bobby then you could test anytime you wanted to! __________________ Woodro Josey 2002 STK

10-30-2008, 04:48 PM	#4
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 389 Times in 169 Posts	Re: Red River Raceway Track is for Sale Bobby just needs to dig up some of those coffee cans he buried full of money, and buy it. __________________ Ed Wright 4156 SS/JA

10-30-2008, 06:43 PM	#5
Bobby Brannon Senior Member Join Date: Mar 2002 Location: Bossier City,La. Posts: 658 Likes: 3 Liked 101 Times in 34 Posts	Re: Red River Raceway Track is for Sale The owner said today that if the track is not sold he will dis-mantle the track piece by piece until only paved area's are left. It is at a good price, if you want to own and run a race track this track is a buy __________________ Bobby Brannon 4705 STK, SS

10-30-2008, 09:26 PM	#6
Jeff Teuton VIP Member Join Date: Jan 2002 Location: Houma, LA Posts: 2,717 Likes: 2 Liked 325 Times in 50 Posts	Re: Red River Raceway Track is for Sale I also think the proposed route of I49 from Shreveport to Texarkana goes next to the track. __________________ Jeff Teuton 4022 STK

10-30-2008, 10:57 PM	#7
Bobby Brannon Senior Member Join Date: Mar 2002 Location: Bossier City,La. Posts: 658 Likes: 3 Liked 101 Times in 34 Posts	Re: Red River Raceway Track is for Sale Close but no Cigars __________________ Bobby Brannon 4705 STK, SS

03-08-2009, 08:34 AM	#8
340Cuda VIP Member Join Date: Apr 2003 Location: Tulsa, Oklahoma Posts: 1,649 Likes: 3,756 Liked 752 Times in 325 Posts	Re: Red River Raceway Track is for Sale Could someone please tie Adger's post below with this one. Seems to be something missing. Last time I was at Shreveport was the 2003 IHRA Divisional race but at the time it was a great facility. Sure would hate to see it go away. Bill Lamb Start of Adger's post: I guess this is why no one showed up for the closing. Mansfield man, son accused of running Ponzi scheme 10:28 PM CST on Wednesday, March 4, 2009 By ERIC TORBENSON / The Dallas Morning News etorbenson@dallasnews The Securities and Exchange Commission sued a Mansfield man and his son Wednesday, alleging they ran an $11 million Ponzi scheme to fund the son's racing career and to buy real estate. The civil case alleges that starting in April 2007, Ray White, 50, used his company, CRW Management LP, to persuade 250 people in 22 states to give him money. White allegedly told investors that he achieved high returns – as much as 30 percent – by investing in overnight foreign currency exchanges, the suit said. But of the $10.9 million given to the elder White, just over $93,900 was invested into foreign exchange investments, the suit said. Instead, the money went to pay for 22-year-old Christopher White's racing career and to buy replica car dealer Hurricane Motorsports of Arlington, which both Whites co-managed, the suit claims. Numbers for Hurricane Motorsports had been disconnected Wednesday. Calls to homes for the Whites were not returned. U.S. District Judge Ed Kinkeade has assigned Timothy Mack as the receiver for the assets. The judge also combined the SEC's case with a case against White's CRW Management filed Wednesday by the Commodity Futures Trading Commission. According to the SEC suit, CRW charged some investors 10 percent or even 20 percent of their investment to participate in White's trading program. He allegedly paid some investors back with money derived from new investors, a structure common in Ponzi schemes. The elder White had told investors as recently as Jan. 24 that he had stopped investing in overnight currency markets because of "homeland security" issues and promised that investors would get their money back. No investor has received funds from the Whites since he stopped trading, the suit said. Ray White bought a house, land, cars and Hurricane Motorsports with the money and paid $3.5 million to "third parties," the suit says. It seeks restitution, penalties and an order barring the two from similar actions. The elder White isn't a registered broker and cannot sell securities, the suit said. __________________ Adger Smith 4780 SS

03-08-2009, 09:41 AM	#9
Bob Pagano VIP Member Join Date: Jun 2002 Location: New Holland, PA Mooresville,NC Posts: 1,163 Likes: 232 Liked 16 Times in 11 Posts	Re: Red River Raceway Track is for Sale Its not location, "Pinks" filled the place to overflow last year. There was nothing offered by the track to get anyone interested in racing there. Some folks said track champs did not get paid and a dinner was never had either. Sounds like no effort was put in this track to get racers to show up. ' __________________ Bob Pagano A/SA

03-08-2009, 01:41 PM	#10
John Kelley Senior Member Join Date: Feb 2002 Location: Tightwad,TEXAS Posts: 911 Likes: 6 Liked 3 Times in 3 Posts	Re: Red River Raceway Track is for Sale I can't see a "PINKS" race as a good indicator of location. People will travel hundreds of miles to get into a "PINKS" event,they will BEG for entry credentials ! Anything to get in the BIG SHOW and possibly be on TV in the hottest show on SPEED TV. They could have it in the middle of Death Valley aND HAVE A MASSIVE CROWD....just to see the bald headed "flagman"..............