Who owns Monadnock Speedway? This question has been a topic of much discussion and speculation in the racing community. The ownership of the Speedway has changed hands multiple times over the years, leaving many wondering about the current state of affairs.
In this article, we delve into the curious case of Monadnock Speedway ownership. From investigating the history of past owners to understanding the legal issues and challenges facing current owners, we aim to uncover the truth behind the ownership of this iconic racing venue. We also explore the impact that ownership has on the racing community, both locally and beyond. Join us on this journey as we unravel the mysteries surrounding Monadnock Speedway ownership.
Uncovering the Truth: Investigating the Owners of Monadnock Speedway
Monadnock Speedway has been a staple in the racing community for decades. However, the question of who owns the track has been a topic of much speculation and rumor. In this article, we aim to uncover the truth behind the owners of Monadnock Speedway. Through careful investigation and analysis, we will explore the history of ownership changes and the current state of affairs.
The History of Ownership Changes
Monadnock Speedway has changed hands multiple times over the years. In the 1960s, the track was owned by Harold Hanaford. In the 1980s, it was sold to Norm Wrenn, who later sold it to Larry Cirillo. Cirillo sold it to John “Jack” Bateman in 1999. Bateman owned the track until his death in 2016, at which point it was inherited by his wife and children.
The ownership changes have not been without controversy. In 2015, Bateman was sued by a former partner who claimed he was owed a percentage of the track’s profits. The case was settled out of court. In addition, there have been rumors of financial difficulties and disagreements between Bateman and some members of the racing community.
The Current Owners and Legal Issues
As of 2023, the current owners of Monadnock Speedway are the Bateman family. However, the track is currently in the process of being sold to a new ownership group. The sale has not been without its challenges, however. There have been concerns raised about the potential impact of the sale on the racing community, as well as questions about the financial viability of the track.
- One of the major legal issues facing the current owners is the zoning restrictions that have been placed on the track. These restrictions limit the number of events that can be held at the track each year, which in turn limits the potential revenue that can be generated. The new ownership group is reportedly working with local officials to try and have these restrictions lifted.
- Another legal issue facing the track is a lawsuit that was filed against the Bateman family in 2021 by a former employee who claimed she was not paid for her work at the track. The case is still ongoing.
The Impact on the Racing Community
The ownership of Monadnock Speedway has a significant impact on the racing community, both locally and beyond. The track has a rich history and is beloved by many fans and drivers. Any changes to the ownership or management of the track are likely to be closely scrutinized by the racing community.
The potential sale of the track has raised concerns about the future of racing at Monadnock Speedway. Fans and drivers alike are worried about the impact that a new ownership group might have on the track and the community. However, there is also hope that new ownership could bring fresh ideas and resources to the table, which could help to revitalize the track and ensure its long-term viability.
A Brief History of Monadnock Speedway: Past Owners and Changes in Ownership
Monadnock Speedway has been a staple in the New England racing community for over 50 years. The track, located in Winchester, New Hampshire, was built in 1970 by Jack Bateman and Jim Schaefer. The first race was held on May 23, 1970, and it featured six divisions of racing. Bateman and Schaefer owned the speedway until 1983 when they sold it to John “Butch” Burbank.
In 1998, the speedway was sold to Raymond and Andrea Boissoneau, who made several changes to the track, including adding new grandstands, upgrading the sound system, and repaving the track. The Boissoneaus owned the speedway until 2010, when it was sold to Larry Cirillo. Cirillo owned the track for only two years before selling it to Norman Wrenn Jr. in 2012.
Changes in Ownership
- In 2014, Norman Wrenn Jr. sold Monadnock Speedway to Larry Fisher, a local businessman and racing enthusiast.
- Fisher made several upgrades to the track, including new lighting and a new infield wall. He also implemented new marketing strategies to attract more fans and drivers to the speedway.
- In 2018, Fisher sold Monadnock Speedway to the present owner, Teri and Phil Hayes. The Hayes family has continued to make improvements to the track, including adding new pit stalls and making changes to the track surface.
Past Owners
- Jack Bateman and Jim Schaefer: Built the speedway in 1970 and owned it until 1983.
- John “Butch” Burbank: Purchased the speedway from Bateman and Schaefer in 1983 and owned it until 1998.
- Raymond and Andrea Boissoneau: Purchased the speedway from Burbank in 1998 and owned it until 2010.
- Larry Cirillo: Purchased the speedway from the Boissoneaus in 2010 and owned it for two years.
- Norman Wrenn Jr.: Purchased the speedway from Cirillo in 2012 and owned it until 2014.
- Larry Fisher: Purchased the speedway from Wrenn in 2014 and owned it until 2018.
- Teri and Phil Hayes: Purchased the speedway from Fisher in 2018 and are the current owners.
The ownership of Monadnock Speedway has changed hands several times over the years, but it has remained a popular destination for racing enthusiasts in New England. Each owner has brought their unique vision and passion to the speedway, resulting in many improvements and upgrades over the years.
The Role of Local Community in Supporting Monadnock Speedway
The Monadnock Speedway has been an integral part of the local community for decades. It is not only a place for exciting races but also a hub for community events. The local community has played a significant role in supporting the speedway, from volunteering to sponsoring events.
The speedway management has also reciprocated the community’s support by creating events that cater to the local community’s interests. Such events include the annual Fireworks Night and Fan Appreciation Night, where the speedway management shows their appreciation to the local community for their unwavering support.
Ways the Local Community Supports Monadnock Speedway
- Volunteering: The speedway relies on the local community to volunteer their time and resources to keep the speedway running smoothly. Volunteers assist with ticket sales, security, and parking, among other tasks.
- Sponsorship: Local businesses sponsor events at the speedway, such as the Kids’ Night and Ladies’ Night, which attracts more fans to the speedway.
Ways Monadnock Speedway Supports the Local Community
The speedway management has gone above and beyond to support the local community. They have created events that cater to the local community’s interests, such as:
- Annual Fireworks Night: The speedway hosts an annual fireworks display that attracts families and fans from all over the region.
- Fan Appreciation Night: The speedway shows its appreciation to the local community by offering discounted tickets, giveaways, and other perks to fans.
The speedway also partners with local charities and organizations to give back to the community. The track has hosted charity events for cancer research, food drives, and blood drives, among others.
In conclusion, the local community plays a crucial role in supporting Monadnock Speedway, and the speedway management has reciprocated that support by creating events that cater to the local community’s interests. The partnership between the speedway and the community has resulted in an exciting and thriving racing culture that has become a cornerstone of the local community.
Monadnock Speedway and the Business of Racing: Understanding Ownership Structures
Monadnock Speedway is a beloved destination for racing fans in the New England area. However, many may not realize the complex ownership structures that make it all possible. From private ownership to partnerships and even public ownership, understanding who owns and operates the track can shed light on how it’s run and what the future may hold.
Let’s take a closer look at the various ownership structures that are commonly found in the world of racing and how they apply to Monadnock Speedway.
Private Ownership
- Private ownership is perhaps the most straightforward ownership structure. It means that an individual or a group of individuals owns the track outright, and they are solely responsible for its operation.
- Some tracks, like Monadnock Speedway, are privately owned and operated. In these cases, the owner may have complete control over the track’s operations and policies.
Partnerships
Partnerships are another common ownership structure in racing. These can take many forms, from informal partnerships between friends to more formal business partnerships.
At Monadnock Speedway, there have been partnerships in the past, and it’s possible that the track’s current ownership structure involves some form of partnership or joint ownership.
Public Ownership
- Public ownership refers to tracks that are owned by government entities or publicly traded companies.
- While it’s not common for racing tracks to be publicly owned, there are some examples of this ownership structure in the industry.
- Monadnock Speedway is not publicly owned, but it’s interesting to consider what would happen if it were. Public ownership would likely mean more regulations and oversight, but it could also lead to increased funding and resources for the track.
Understanding the ownership structures behind racing tracks like Monadnock Speedway can give fans a deeper appreciation for the business of racing. It’s clear that there are many different ways to own and operate a racing track, and each structure comes with its own advantages and disadvantages. No matter who owns the track, racing fans can continue to enjoy the excitement and thrill of the sport at this beloved New England destination.
Legal Issues and Challenges Facing Monadnock Speedway Owners
Monadnock Speedway Owners must navigate a complex legal landscape to ensure the safety of their drivers and spectators while remaining profitable. One of the biggest challenges for owners is liability. When accidents happen on the track, owners can face lawsuits from injured parties, and if they are found to be negligent in any way, they may be held responsible for damages.
Another legal issue facing speedway owners is compliance with local and state regulations. Depending on where the track is located, there may be zoning ordinances, noise restrictions, and other regulations that must be followed. Failure to comply with these regulations can result in fines or even closure of the track.
Liability Issues
- Liability insurance is a must-have for speedway owners. It can provide coverage for damages or injuries resulting from accidents on the track. However, it’s important to note that not all insurance policies are created equal, and some may have exclusions or limitations that could leave owners exposed to lawsuits.
- Owners can also take steps to minimize their liability by implementing safety measures such as safety barriers, protective gear for drivers, and regular track maintenance. By demonstrating a commitment to safety, owners may be able to reduce their liability exposure.
Regulatory Compliance
Compliance with regulations is critical for speedway owners. Failure to comply can result in costly fines or even closure of the track. It’s important for owners to stay up-to-date on any changes to local and state regulations and to make sure that their track is in compliance at all times.
In addition to complying with regulations, owners may also need to obtain permits or licenses to operate their track. Depending on the location, this may include permits for noise levels, zoning, or other requirements.
Beyond the Track: How Monadnock Speedway Ownership Affects the Racing Community
Monadnock Speedway is not only a racing venue, but also a business that affects the local community in various ways. As the owners of the speedway, it is important to understand the legal issues and challenges that come with owning such a facility and how they can impact the community.
One of the most significant challenges facing speedway owners is noise complaints from nearby residents. Despite efforts to minimize noise levels, the sound of revving engines and screeching tires can still be heard in surrounding neighborhoods. This can lead to strained relationships with residents and potentially even legal action against the speedway. Additionally, insurance and liability issues must be carefully navigated to ensure the safety of both spectators and participants.
The Impact on the Local Economy
The ownership of Monadnock Speedway also has a significant impact on the local economy. The speedway attracts fans and competitors from all over the region, resulting in increased tourism and revenue for nearby businesses such as restaurants, hotels, and gas stations. However, the success of the speedway is not guaranteed, and ownership must constantly adapt to changing market trends and competition from other racing venues.
Community Outreach and Responsibility
Beyond the economic impact, owning a speedway also comes with a responsibility to the local community. It is important for speedway owners to engage in community outreach efforts, such as hosting charitable events or providing opportunities for local schools and organizations to use the facility. Additionally, efforts must be made to minimize the environmental impact of the speedway, such as implementing sustainable practices and reducing waste.
- Speedway Ownership: A multifaceted business venture
- Community Impact: From noise complaints to economic growth
- Responsibility: Community outreach and environmental impact
Frequently Asked Questions
Who owns Monadnock Speedway?
Monadnock Speedway is owned by the Avery family. David and Michelle Avery, along with their son, Terence, purchased the speedway in 2015.
What is the history of Monadnock Speedway?
Monadnock Speedway was built in 1970 by Jack Bateman and is located in Winchester, New Hampshire. It has been hosting stock car races for over 50 years and has become a staple in the local racing community.
What types of races are held at Monadnock Speedway?
Monadnock Speedway hosts a variety of races, including weekly Saturday night racing, special events, and touring series. The track features several divisions of stock car racing, including Late Models, Sportsman Modifieds, Mini Stocks, and more.
What amenities are available at Monadnock Speedway?
Monadnock Speedway offers a range of amenities for fans, including bleacher seating, VIP suites, a souvenir shop, and various food and beverage options. There are also camping and RV spots available for overnight stays.
What is the seating capacity of Monadnock Speedway?
The seating capacity of Monadnock Speedway is approximately 6,000. However, this number can vary depending on the specific event and the setup of the facility.
What is the schedule for Monadnock Speedway?
Monadnock Speedway typically runs from April to September, with weekly racing events held on Saturdays. The track also hosts several special events throughout the year, including the popular “Firecracker” 200-lap race on Independence Day weekend.