Dear Class Representative, Competitors and Race Contacts,

There are rumours circulating about a proposed interested buyer of the Taupo Motorsport Park (TMP) and that TMP are not in a strong position financially. These are both true and an offer has been made to the TMP Board of Directors, but the sale has NOT happened and it will be up to the TMP Shareholders (TCC are shareholders also) to decide at a Special General Meeting to be held on the 26th February.

TCC along with TMP and Taupo District Council (TDC) have a tripartite Lease Agreement Contract that gives TCC certain use arrangements as remuneration for us giving over our existing track, plant and equipment that was valued at $1.2m.

If the sale is approved, the interested buyer has made it very clear that we will lose those use arrangements and this will most certainly affect ALL of our race meetings. He has also indicated that he will, upon purchase, close the entire facility for at least 3-6 months, upgrade it and re-open with a new image and name. Needless to say his vision is very different to the current arrangements. This means that our Easter and Truck Race Championship meetings and Winter Series for 2015 will be affected. Also in the future we may no longer be able to, nor afford to, hold our ‘traditional’ race meetings.

TCC has several options we are looking at within the next 7 days and we are seeking legal advice with regard to our Lease Agreement Contract. One of those is to look into the possibility of buying some of the debt TMP is struggling with, thereby keeping the place running. Another is to look at purchasing the business ourselves and this is where we need your written and possible financial support.

Therefore we would appreciate a letter from as many of you as possible in support of Taupo Car Club to present with our proposed business plan and to our fellow TMP Shareholders with a view to continue to provide a motor race circuit where we can foster all motorsport at all levels from grassroots to championship. Please pass this onto your fellow competitors and anyone that you wish to. All support is appreciated.

Please send your letters to me at this email address racecoordinator@taupocarclub.org.nz

I thank you in advance from the tireless volunteers of Taupo Car Club who are looking out for the best interests of our customers.. YOU.

Regards
Melanie Coleman & Terry O’Brien
Taupo Car Club Representatives.