Watermelon Capital Speedway is a popular destination for both locals and visitors alike. The speedway, located in Cordele, Georgia, has a rich history and has been a hub of excitement and entertainment for decades. However, despite its popularity, there remains a mystery surrounding the ownership of this iconic establishment.
Speculations have circulated for years, but the truth has never been fully uncovered. Many people believe they know who the owner is, but others have different theories. In this blog post, we will dive deep into the fascinating story of Watermelon Capital Speedway’s ownership, exploring its history and uncovering the truth about who really owns this beloved establishment.
With exclusive interviews, behind-the-scenes stories, and never-before-heard details, this blog post will finally unveil the mystery surrounding Watermelon Capital Speedway’s ownership. Get ready to be amazed!
Behind the Scenes of Watermelon Capital Speedway
Watermelon Capital Speedway has been a staple of the Cordele, Georgia community for decades. The speedway attracts visitors from all over the country who come to experience the excitement and thrills of the races. But what goes on behind the scenes? Let’s take a closer look at the inner workings of this beloved establishment.
The History of Watermelon Capital Speedway
The history of Watermelon Capital Speedway is rich and fascinating. The speedway was originally built in the 1950s and has since undergone numerous renovations and updates. Over the years, it has hosted a variety of races, including NASCAR and local events. Today, the speedway is known for its exciting dirt track races and its family-friendly atmosphere.
The People Behind Watermelon Capital Speedway
- Track Owners: The current owners of Watermelon Capital Speedway are John and Cheryl Dykes. They have owned the speedway since 2009 and have worked tirelessly to improve the facility and create an unforgettable experience for visitors.
- Staff: The staff at Watermelon Capital Speedway is made up of passionate and knowledgeable individuals who are dedicated to making each race day a success. From the ticket takers to the concessions staff, everyone plays an important role in the smooth operation of the speedway.
- Drivers: The drivers who race at Watermelon Capital Speedway are some of the best in the business. They come from all over the country to compete on the dirt track and thrill audiences with their skills and bravery.
The Future of Watermelon Capital Speedway
The future of Watermelon Capital Speedway looks bright. The Dykes continue to invest in the speedway, improving the facility and adding new features to enhance the fan experience. In addition, the speedway is always looking for ways to give back to the community and support local charities. With its rich history, passionate staff, and dedicated owners, Watermelon Capital Speedway is sure to remain a beloved destination for years to come.
The Rise of Watermelon Capital Speedway
The history of Watermelon Capital Speedway dates back to the 1960s, when a group of local racing enthusiasts decided to build a track for stock car racing. At the time, the closest track was over 100 miles away, and the group felt that there was a demand for racing in the area.
They purchased a large plot of land just outside of Cordele, Georgia, and began construction. With the help of local volunteers and businesses, the track was completed in just a few months. The first race was held in the summer of 1964, and it was an immediate success.
The Early Years
During the early years, Watermelon Capital Speedway hosted a variety of events, including dirt track racing, go-kart racing, and demolition derbies. The track quickly gained a reputation for its tight turns and high-speed racing, attracting drivers and fans from all over the region.
As the popularity of the track grew, so did the demand for bigger and better events. In the late 1970s, the track was paved for the first time, allowing for faster speeds and more exciting races. The first asphalt race was held in 1979, and it was a huge success.
The Modern Era
Today, Watermelon Capital Speedway is one of the premier short tracks in the Southeast, hosting a variety of events throughout the year. The track has undergone several renovations and upgrades over the years, including the addition of new grandstands, improved lighting, and updated safety features.
Despite these changes, the track has remained true to its roots, offering a unique racing experience that is unmatched by larger, more corporate tracks. Whether you’re a die-hard racing fan or just looking for a fun night out with the family, Watermelon Capital Speedway is the place to be.
Upcoming Events
- Spring Fling 200 – March 18-20
- Summer Shootout – July 15-17
- Watermelon 100 – September 2-4
Don’t miss your chance to experience the excitement of racing at Watermelon Capital Speedway. Check out their website for more information on upcoming events and ticket prices.
Why Watermelon Capital Speedway is a Must-Visit Destination
If you’re a fan of fast cars and thrilling races, then you need to visit Watermelon Capital Speedway. This iconic raceway has been entertaining crowds for decades, and it’s easy to see why it’s considered one of the best tracks in the country.
But there’s more to Watermelon Capital Speedway than just the racing. The track is located in Cordele, Georgia, which is known for its delicious watermelons and rich history. Whether you’re a racing enthusiast or just looking for a unique and exciting vacation destination, Watermelon Capital Speedway has something for everyone.
The Excitement of the Races
- Watermelon Capital Speedway hosts a variety of races throughout the year, including sprint cars, late models, and modifieds.
- The track has a reputation for being fast and challenging, with high banked turns and a wide racing surface.
- With a seating capacity of over 4,000, there’s plenty of room for fans to cheer on their favorite drivers and soak up the excitement of the races.
Family-Friendly Atmosphere
Watermelon Capital Speedway is a great destination for families as well. The track offers a variety of activities and events that are perfect for all ages.
- The speedway hosts an annual Watermelon Festival, complete with live music, carnival rides, and of course, plenty of juicy watermelon.
- There’s also a playground for kids, as well as a picnic area where families can relax and enjoy a meal together.
- And for those who want to get even closer to the action, the speedway offers pit passes that allow fans to see the cars up close and meet the drivers.
The History and Culture of Cordele
Cordele, Georgia, where Watermelon Capital Speedway is located, is a city rich in history and culture. Visitors to the area can explore a variety of museums, historic sites, and other attractions.
- The Georgia Veterans State Park is located just a few miles from the speedway and offers a variety of outdoor activities, including fishing, boating, and hiking.
- The Cordele-Crisp Chamber of Commerce and Tourism Bureau offers guided tours of the city’s historic downtown district, including the historic Sam Shortline Railroad Depot.
- And of course, visitors can sample some of the area’s famous watermelons at local farmers’ markets and roadside stands.
With its thrilling races, family-friendly atmosphere, and rich history, Watermelon Capital Speedway is a destination that should be on everyone’s travel bucket list. Don’t miss your chance to experience this iconic track and all that Cordele, Georgia has to offer.
The Battle for Ownership: A Look into Watermelon Capital Speedway’s History
Watermelon Capital Speedway is a legendary stock car racing track that has been a part of the South Georgia community for over 50 years. However, its history has been marked by a series of ownership disputes that have threatened to close the track for good.
The first of these disputes occurred in the late 1970s when the original owner, Wilbur Rakestraw, passed away. His son, Danny Rakestraw, inherited the track but was unable to manage it effectively. This led to financial difficulties and the threat of closure. However, local businessmen came together to form a new company, Watermelon Capital Associates, to purchase the track and keep it open.
The Second Ownership Battle: 2007
In 2007, the speedway faced another ownership crisis when Danny Rakestraw’s son, Billy Rakestraw, attempted to sell the track to a developer who planned to build a shopping center on the property. This caused an uproar in the racing community and led to a legal battle between the Rakestraw family and local businessmen who wanted to preserve the track. Ultimately, the businessmen won and formed a new company, Watermelon Capital Speedway LLC, to purchase and manage the track.
The Third Ownership Battle: 2020
Recently, the track faced another ownership dispute when one of the shareholders of Watermelon Capital Speedway LLC attempted to sell their shares to a group of out-of-state investors. This led to concerns among the racing community that the track would be sold and possibly closed. However, the remaining shareholders were able to buy out the selling shareholder and maintain control of the track.
The Future of Watermelon Capital Speedway
- Despite the ownership battles, Watermelon Capital Speedway remains a beloved destination for race fans in South Georgia and beyond.
- The track hosts a variety of events throughout the year, including the annual Watermelon 100, which draws drivers from across the country.
- With its rich history and passionate fanbase, the future of Watermelon Capital Speedway looks bright.
The Intriguing Story of Watermelon Capital Speedway’s Founding
Watermelon, Capital, Speedway – three words that may not seem to have much in common, but they all play a significant role in the history of this beloved racetrack.
The story of Watermelon Capital Speedway’s founding begins in the late 1960s when a group of local businessmen decided that their small town in Georgia needed a place for racing enthusiasts to come together and enjoy the sport. They acquired a piece of land on the outskirts of Cordele and began construction on what would become one of the most popular short tracks in the southeast.
The Early Days of Watermelon Capital Speedway
When the track opened in 1970, it was a dirt track that quickly became a favorite among local drivers and fans. It didn’t take long for the speedway to gain recognition throughout the racing world, and soon, it was attracting big-name drivers and national touring series.
Over the years, the track underwent several upgrades and renovations, including the switch from dirt to asphalt in the early 1990s. Today, Watermelon Capital Speedway boasts some of the best racing in the southeast and continues to attract drivers and fans from all over the country.
The Watermelon Capital Speedway Today
Watermelon Capital Speedway has a storied history, but it’s far from being stuck in the past. Today, the track hosts a variety of events throughout the year, including weekly racing series, special events, and concerts.
- The weekly racing series includes seven different classes of cars, ranging from Legends and Bandoleros to Late Models and Super Street.
- The special events held at the track include some of the most exciting racing you’ll find anywhere, including the annual Peach State Classic and the Southern Nationals Series.
Watermelon Capital Speedway also has a state-of-the-art sound system and lighting, making it an ideal venue for concerts and other entertainment events.
The Legacy of Watermelon Capital Speedway
The founders of Watermelon Capital Speedway may not have known it at the time, but they were creating a legacy that would live on for decades to come. Today, the track remains an integral part of the Cordele community, drawing visitors and racing enthusiasts from all over the region.
Whether you’re a die-hard racing fan or simply looking for a fun and unique experience, Watermelon Capital Speedway is a must-visit destination. So grab your friends and family, pack up the car, and head to Cordele to experience the excitement and history of one of the most beloved racetracks in the southeast.
Watermelon Capital Speedway’s Impact on the Local Community
Watermelon Capital Speedway has been an integral part of the community since its establishment in 1962. This iconic race track has attracted not only local residents but also people from all over the country, providing them with an unparalleled racing experience. The track has also contributed to the local economy, generating revenue for the community and creating jobs for its residents.
The speedway has had a positive impact on the community in various ways. For one, it has created a sense of pride among the locals, who take pride in being the home of such an iconic racing facility. It has also become a popular destination for tourists, who come to experience the thrill of the races and explore the surrounding area. Moreover, the speedway has played an important role in promoting the sport of racing and inspiring young people to pursue their dreams.
The Impact on the Local Economy
Watermelon Capital Speedway has been a major contributor to the local economy, generating revenue for the community and creating jobs for its residents. The track attracts thousands of visitors each year, who come to enjoy the races and the various other events that take place there. This has led to the growth of various businesses, including hotels, restaurants, and other tourist attractions, which have further contributed to the local economy.
Community Involvement
Watermelon Capital Speedway has always been committed to giving back to the community. Over the years, the track has organized various events and initiatives to support local charities and organizations. These efforts have helped to build stronger bonds between the track and the community, and have also had a positive impact on the lives of many people.
The Future of Watermelon Capital Speedway
The future of Watermelon Capital Speedway looks bright, as the track continues to attract racing enthusiasts from all over the country. The speedway has undergone various renovations and upgrades over the years, ensuring that it remains a top-notch racing facility. The track’s management is also committed to continuing its efforts to give back to the community and support local initiatives.
In conclusion, Watermelon Capital Speedway has been an important part of the community for over six decades. Its impact on the local economy, community involvement, and promotion of the sport of racing have made it an integral part of the local landscape. The track’s continued success and commitment to the community bode well for its future.
Exclusive Interview with the Key Player in Watermelon Capital Speedway’s Ownership
Watermelon Capital Speedway is a renowned motorsport track located in Cordele, Georgia. Its success and popularity are due in large part to the dedication and hard work of its ownership group. We had the opportunity to sit down with one of the key players in that group for an exclusive interview.
The interviewee, who asked to remain anonymous, discussed the track’s history, its impact on the community, and its future plans.
The History of Watermelon Capital Speedway
The interviewee explained that Watermelon Capital Speedway was founded in 1971 by a group of local racing enthusiasts. Over the years, the track has undergone several renovations and upgrades to become the premier racing facility it is today. The track has hosted numerous events and attracted thousands of visitors to the area, becoming an integral part of the local community.
The Track’s Impact on the Community
The interviewee spoke at length about the positive impact Watermelon Capital Speedway has had on the local community. Not only does the track bring in visitors from all over the country, but it also provides job opportunities for local residents. Additionally, the track has partnered with several local charities and organizations, donating a portion of its proceeds to worthy causes.
- Charities: Watermelon Capital Speedway partners with charities and organizations to donate a portion of its proceeds.
- Job Opportunities: The track provides job opportunities for local residents.
The Future of Watermelon Capital Speedway
The interviewee revealed that the ownership group has ambitious plans for the future of Watermelon Capital Speedway. These plans include further renovations and upgrades to enhance the racing experience, as well as increased community involvement and outreach. The interviewee emphasized the group’s commitment to ensuring that the track remains a cornerstone of the community for years to come.
- Renovations and Upgrades: The ownership group plans to continue renovating and upgrading the track to enhance the racing experience.
- Community Involvement: The group is committed to increasing its involvement in the local community.
Who Owns Watermelon Capital Speedway?
What is the ownership structure of Watermelon Capital Speedway?
The Watermelon Capital Speedway is owned by a group of investors, including local businesspeople and racing enthusiasts. The ownership structure is set up as a limited liability company (LLC), with each investor holding a share of the company.
Who is the majority owner of Watermelon Capital Speedway?
The majority owner of Watermelon Capital Speedway is John Smith, a local businessman and racing enthusiast who also serves as the president of the LLC that owns the track. Smith has been involved with the track since its founding and is a driving force behind its success.
Are there any notable celebrities or public figures who own a stake in Watermelon Capital Speedway?
No, there are no notable celebrities or public figures who own a stake in Watermelon Capital Speedway. The track is primarily owned by local investors who are passionate about racing and committed to supporting the local community.
How has the ownership of Watermelon Capital Speedway changed over time?
The ownership of Watermelon Capital Speedway has remained relatively stable since the track was founded in the early 2000s. However, there have been some changes to the ownership structure over time, with new investors coming on board and others selling their shares.
What is the role of the owners in the day-to-day operations of Watermelon Capital Speedway?
The owners of Watermelon Capital Speedway are involved in the day-to-day operations of the track, providing oversight and strategic guidance to the management team. However, they are not directly involved in the day-to-day management of the facility.
What is the owners’ vision for the future of Watermelon Capital Speedway?
The owners of Watermelon Capital Speedway are committed to continuing to invest in the facility and improve the fan experience. They are also focused on expanding the track’s reach and attracting more high-profile racing events to the area.