hottrax go bust

Author
Discussion

moanthebairns

Original Poster:

17,938 posts

198 months

Thursday 28th May 2015
quotequote all
Just heard from a guy I was at oulton with that hottrax have went bust.

No future races. Any entry fees won't be returned. I realise this effects a few on here.

sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
Yeah they stuck it on their FB page at 2pm.

They haven't confirmed they are bust but it sounds like it.

bass gt3

10,193 posts

233 months

Thursday 28th May 2015
quotequote all
Not good news frown

Chipchap

2,588 posts

197 months

Thursday 28th May 2015
quotequote all
Not wishing to seem like a Vulture here but The Earlystocks Club were just discussing last night ho to increase grid numbers. maybe get a representative from the Modern Classics Championship to approach them and ask if you can run alongside them on some of their grids this year ?


A smile

sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
Are there any novice racing clubs? Like arrive and drive type affairs?

StuB

6,695 posts

239 months

Thursday 28th May 2015
quotequote all
Chipchap said:
Not wishing to seem like a Vulture here but The Earlystocks Club were just discussing last night ho to increase grid numbers. maybe get a representative from the Modern Classics Championship to approach them and ask if you can run alongside them on some of their grids this year ?


A smile
Any idea is a good idea at times like these. I am really saddened by what I've read and if it's worse, I'll be really disappointed

I've seen what's on facebook only and though it doesn't look good, I suspect there could be 2 outcomes.

Option 1) People get off their arse and show some support for the club. It will be a shame if this does not happen. I suspect lots of people will have decided to leave it as late as possible/check weather/bike repairs (for a lot of them less than 2 weeks since the Snetterton round - 6 hour Endurance for some) and the organisers have decdided not to take the financial risk with a low level of income committed. If people really care and want the club, they'll be prepared to take the small amount of risk (<£300) compared to the large risks & costs the clubs take. Knowing a few racers as I do, I would not bet on this scenario unless there's a massive public show of support from a large number of people.

Option 2) It'll be shortly followed by formal winding up proceedings unless the club can be sold.

No Limits have set up their racing series 2014 and from what I saw 1st hand are offering a different experience. I also saw a lot of people I knew/recognised at Donington. Seems like there's strong competition and too few customer in the market at the moment. I think the circuit owners also should take heed as I know some of the costs & terms are pretty hard to swallow.

bass gt3

10,193 posts

233 months

Thursday 28th May 2015
quotequote all
sc0tt said:
Are there any novice racing clubs? Like arrive and drive type affairs?
You're getting keen biggrin

Lincsblokey

3,175 posts

155 months

Thursday 28th May 2015
quotequote all
Chipchap said:
Not wishing to seem like a Vulture here but The Earlystocks Club were just discussing last night ho to increase grid numbers. maybe get a representative from the Modern Classics Championship to approach them and ask if you can run alongside them on some of their grids this year ?


A smile
The 750's & 1000's will go to NLR (6 have joined today)

The 600 nutters will split equally between NLR & TSGB at a guess.


sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
bass gt3 said:
You're getting keen biggrin
I just wondered. I used to kart with someone who was a semi pro in similar karts and we had a great time, i just wondered if there was a novice league?

bass gt3

10,193 posts

233 months

Thursday 28th May 2015
quotequote all
sc0tt said:
I just wondered. I used to kart with someone who was a semi pro in similar karts and we had a great time, i just wondered if there was a novice league?
There must be beginner/novice race classes. we have a few here so I'd think you'll have no shortage in the UK.
Be warned, it's a very slippery slope.....

PR36

341 posts

116 months

Thursday 28th May 2015
quotequote all
Thats a shame, i did a couple of seasons racing with them few years back including 6 hour races on a single bike and it was a great series.

StuB

6,695 posts

239 months

Thursday 28th May 2015
quotequote all
sc0tt said:
bass gt3 said:
You're getting keen biggrin
I just wondered. I used to kart with someone who was a semi pro in similar karts and we had a great time, i just wondered if there was a novice league?
NLR do a 'newcomers' class but every club caters for novices.

Go for it!

sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
StuB said:
NLR do a 'newcomers' class but every club caters for novices.

Go for it!
Anywhere i can find their timings?


sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
sc0tt said:
Anywhere i can find their timings?
Found them.

hehe

Metzeler 1000 New comer series looks interesting.

StuB

6,695 posts

239 months

Thursday 28th May 2015
quotequote all
sc0tt said:
sc0tt said:
Anywhere i can find their timings?
Found them.

hehe

Metzeler 1000 New comer series looks interesting.
That's the one.

sc0tt

18,041 posts

201 months

Thursday 28th May 2015
quotequote all
StuB said:
That's the one.
Is an ACU required? And is it only valid for 1 year?

StuB

6,695 posts

239 months

Thursday 28th May 2015
quotequote all
sc0tt said:
StuB said:
That's the one.
Is an ACU required? And is it only valid for 1 year?
Yes & yes. Nothing to worry bout, they gave CasteroilCraig one wink

mitzy

13,857 posts

197 months

Thursday 28th May 2015
quotequote all
StuB said:
sc0tt said:
StuB said:
That's the one.
Is an ACU required? And is it only valid for 1 year?
Yes & yes. Nothing to worry bout, they gave CasteroilCraig one wink
hehe

LoonR1

26,988 posts

177 months

Friday 29th May 2015
quotequote all
StuB said:
Any idea is a good idea at times like these. I am really saddened by what I've read and if it's worse, I'll be really disappointed

I've seen what's on facebook only and though it doesn't look good, I suspect there could be 2 outcomes.

Option 1) People get off their arse and show some support for the club. It will be a shame if this does not happen. I suspect lots of people will have decided to leave it as late as possible/check weather/bike repairs (for a lot of them less than 2 weeks since the Snetterton round - 6 hour Endurance for some) and the organisers have decdided not to take the financial risk with a low level of income committed. If people really care and want the club, they'll be prepared to take the small amount of risk (<£300) compared to the large risks & costs the clubs take. Knowing a few racers as I do, I would not bet on this scenario unless there's a massive public show of support from a large number of people.

Option 2) It'll be shortly followed by formal winding up proceedings unless the club can be sold.

No Limits have set up their racing series 2014 and from what I saw 1st hand are offering a different experience. I also saw a lot of people I knew/recognised at Donington. Seems like there's strong competition and too few customer in the market at the moment. I think the circuit owners also should take heed as I know some of the costs & terms are pretty hard to swallow.
As much as everyone hopes it's Option 1, the announce,met over the rest of the season being suspended and the silence from Hottrax, other than the one official announcement does suggest Option 2 is what will happen. However, it's less likely to be winding up at this early stage, there'll be negotiations with creditors to see if a deal can be struck, even a fire sale, or the offer of someone else stepping in and taking over.

Sadly, neither of those is likely when customers (aka racers) are already heading off to other clubs and simultaneously being there ld nothing. In some ways they've been architects of their own downfall with too many classes and either being too competitive, or ironically not competitive enough. The former is whe grids were too large so people quit when they realised they were just going to lose at each race, the latter where the top tema swerve throwing money at pro racers to buy them a title.

The stnweather this won't have helped either.

What's strange is that two race series have survived the 7 year recession and then folded as we come out of it!

LoonR1

26,988 posts

177 months

Friday 29th May 2015
quotequote all
Done deal unfortunately.