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ATTCO RACEWAY SOLD!!!! #1356508
12/20/12 11:23 PM
12/20/12 11:23 PM
Joined: Dec 2007
Posts: 12,587
Great Neck,LI,new york
hemi-itis Offline OP
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hemi-itis  Offline OP
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Great Neck,LI,new york
Atco Raceway Sold / Press Release Inside

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Atco Raceway Sold

Atco, NJ Wednesday December 19, 2012 –Atco Raceway was sold in its entirety to Mr. Len Capone Jr. of Berlin, New Jersey. The negotiation for the oldest continually operating drag strip on the East Coast took over 16 months and has concluded on a Win light for all…the track will continue to operate as it has in the past.

The Capone families are very familiar with the racing scene and have a great passion for the sport of drag racing. Len Capone Sr. a racer himself who was present for the 1960 opening day of Atco Raceway worked in the tech department on Memorial Day weekend. Len Capone Jr. started as a sportsman racer and is very well known for his Top Alcohol Funny Car “The Bear” that raced the strip in the late 80’s and 90’s.

Joe Sway has been retained as Director of Operations and is under exclusive contract for 2013 and 2014 with 3-1 year options to follow.

The 2013 tentative schedule will be posted on the web site AtcoRaceway.com mid January. There are no major changes to the race schedule for 2013~a couple of new races will be added but for the most part you will see our lineup has not changed.

Atco Raceway would like to thank everyone for their participation in the 2012 race season. We are positive that the continued support of all racers, fans and patrons will continue to make this a racing destination and the #1 track on the East Coast.

7512309-IMG_4695.jpg (115 downloads)

HEMI-ITIS has no cure.
My condition is fully BLOWN!!
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356509
12/20/12 11:39 PM
12/20/12 11:39 PM
Joined: Jul 2010
Posts: 1,845
Tampa
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DusterDave Offline
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Tampa
Capone must have made them an offer they couldn't refuse...


Gone to the dark side with an LS3 powered '57 Chevy 210
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356510
12/20/12 11:41 PM
12/20/12 11:41 PM
Joined: Jan 2004
Posts: 2,103
East Coast, NJ
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fig426 Offline
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East Coast, NJ
With Island being closed, they should see a decent increase in racers at their track.


Chris from New Jersey
Re: ATTCO RACEWAY SOLD!!!! [Re: DusterDave] #1356511
12/20/12 11:41 PM
12/20/12 11:41 PM
Joined: Oct 2004
Posts: 5,618
long island NY
A
Ari440 Offline
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Joined: Oct 2004
Posts: 5,618
long island NY
did they get seued by a racer there ,he had an accident


1.39 9.85 - 137 mph
Re: ATTCO RACEWAY SOLD!!!! [Re: Ari440] #1356512
12/21/12 12:19 AM
12/21/12 12:19 AM
Joined: Jul 2008
Posts: 1,534
bronx n.y
O
one bad fish Offline
pro stock
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Posts: 1,534
bronx n.y
Quote:

did they get seued by a racer there ,he had an accident


Yes sir

Re: ATTCO RACEWAY SOLD!!!! [Re: DusterDave] #1356513
12/21/12 12:30 AM
12/21/12 12:30 AM
Joined: Apr 2007
Posts: 2,026
Trumbull,CT.
J
jim sciortino Offline
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Joined: Apr 2007
Posts: 2,026
Trumbull,CT.
Quote:

Capone must have made them an offer they couldn't refuse...


Now THAT is funny.....

Re: ATTCO RACEWAY SOLD!!!! [Re: jim sciortino] #1356514
12/21/12 01:56 AM
12/21/12 01:56 AM
Joined: Dec 2007
Posts: 12,587
Great Neck,LI,new york
hemi-itis Offline OP
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hemi-itis  Offline OP
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Joined: Dec 2007
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Great Neck,LI,new york
Not sure how this will be circumvented.



http://www.morellilaw.com/our-blog/morel...ot-rod-associat

7512490-DSCN0073.JPG (129 downloads)

HEMI-ITIS has no cure.
My condition is fully BLOWN!!
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356515
12/21/12 02:11 AM
12/21/12 02:11 AM
Joined: Jan 2003
Posts: 5,875
communist bloc of new jersey
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jamesc Offline
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communist bloc of new jersey
you can best believe the buyer did due diligence, no one would spend that much money without research on the existing liability

Re: ATTCO RACEWAY SOLD!!!! [Re: jamesc] #1356516
12/21/12 07:52 PM
12/21/12 07:52 PM
Joined: Jan 2003
Posts: 9,146
Now - Port Orange,Fla. Former...
MIKES_DUSTER Offline
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MIKES_DUSTER  Offline
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Joined: Jan 2003
Posts: 9,146
Now - Port Orange,Fla. Former...
Was the land included in the price or is it leased??

Re: ATTCO RACEWAY SOLD!!!! [Re: one bad fish] #1356517
12/22/12 10:23 AM
12/22/12 10:23 AM
Joined: Jan 2003
Posts: 20,179
Park Forest, IL
slantzilla Offline
Too Many Posts
slantzilla  Offline
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Park Forest, IL
Quote:

Quote:

did they get seued by a racer there ,he had an accident


Yes sir




By his widow and estate. She is suing the NHRA too.


"Everybody funny, now you funny too."
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356518
12/22/12 04:40 PM
12/22/12 04:40 PM
Joined: Feb 2006
Posts: 2,379
MD
Kevins493 Offline
top fuel
Kevins493  Offline
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Posts: 2,379
MD
Quote:

Not sure how this will be circumvented.



http://www.morellilaw.com/our-blog/morel...ot-rod-associat



Why can't people just accept the risk we all take when we stage the car? You do something that is dangerous, that you know can potentially get you killed, so why blame someone else when something happens?

Re: ATTCO RACEWAY SOLD!!!! [Re: Kevins493] #1356519
12/22/12 06:07 PM
12/22/12 06:07 PM
Joined: Jan 2003
Posts: 5,875
communist bloc of new jersey
J
jamesc Offline
master
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master
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Joined: Jan 2003
Posts: 5,875
communist bloc of new jersey
Quote:

Quote:

Not sure how this will be circumvented.



http://www.morellilaw.com/our-blog/morel...ot-rod-associat



Why can't people just accept the risk we all take when we stage the car? You do something that is dangerous, that you know can potentially get you killed, so why blame someone else when something happens?





money, plus personal responsibility is a thing of the past...our country continues to spiral down the commode 2¢

Re: ATTCO RACEWAY SOLD!!!! [Re: jamesc] #1356520
12/22/12 08:01 PM
12/22/12 08:01 PM
Joined: Jan 2003
Posts: 9,146
Now - Port Orange,Fla. Former...
MIKES_DUSTER Offline
master
MIKES_DUSTER  Offline
master

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Posts: 9,146
Now - Port Orange,Fla. Former...
I know he was killed but what exactly happened??? Didnt he sign a waiver that states the track is not liable for any wrong doing?? I always had to sign one.

Re: ATTCO RACEWAY SOLD!!!! [Re: MIKES_DUSTER] #1356521
12/22/12 08:09 PM
12/22/12 08:09 PM
Joined: Jan 2003
Posts: 20,179
Park Forest, IL
slantzilla Offline
Too Many Posts
slantzilla  Offline
Too Many Posts

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Posts: 20,179
Park Forest, IL
Quote:

I know he was killed but what exactly happened??? Didnt he sign a waiver that states the track is not liable for any wrong doing?? I always had to sign one.




A waiver isn't worth the paper it's written on, it just means if anything happens there will be a lawsuit.

The suit itself is based on the track ambulance/fire truck not starting and the driver being very seriously burned. Driver was supposedly gotten out of the car by his son, not track safety personnel

The other side of the coin is the driver supposedly did not have the proper suit/equipment for the ET he was running, but had been passed in tech.

It's a mess for sure.


"Everybody funny, now you funny too."
Re: ATTCO RACEWAY SOLD!!!! [Re: slantzilla] #1356522
12/22/12 10:14 PM
12/22/12 10:14 PM
Joined: Dec 2007
Posts: 12,587
Great Neck,LI,new york
hemi-itis Offline OP
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Great Neck,LI,new york
My guess is the track got sold,the corp. that sold the track will go POOOOOOOOOOOF


HEMI-ITIS has no cure.
My condition is fully BLOWN!!
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356523
12/22/12 11:40 PM
12/22/12 11:40 PM
Joined: Aug 2003
Posts: 4,677
On the parachute mount
N
n20mstr Offline
master
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Joined: Aug 2003
Posts: 4,677
On the parachute mount
DIdnt SuperStockRacer buy a track ?

Oh wait yea thats right, he bought Island Dragway


....BAD A$$ STREET CAR.....
Re: ATTCO RACEWAY SOLD!!!! [Re: n20mstr] #1356524
12/22/12 11:47 PM
12/22/12 11:47 PM
Joined: Dec 2007
Posts: 12,587
Great Neck,LI,new york
hemi-itis Offline OP
I Live Here
hemi-itis  Offline OP
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Great Neck,LI,new york
He wanted his OWN sandbox


HEMI-ITIS has no cure.
My condition is fully BLOWN!!
Re: ATTCO RACEWAY SOLD!!!! [Re: hemi-itis] #1356525
12/23/12 11:50 AM
12/23/12 11:50 AM
Joined: Jan 2003
Posts: 16,925
NC
440Jim Offline
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Quote:

Quote:

Not sure how this will be circumvented.



http://www.morellilaw.com/our-blog/morel...ot-rod-associat


23. After CRUZ crashed, the ambulance that was owned, operated and maintained by ATCO failed to start and was unable to get to CRUZ in order to put out the fire and offer him immediate medical assistance. The fire was put out by CRUZ’s son, who ran down the track to assist.



Wow...

Re: ATTCO RACEWAY SOLD!!!! [Re: 440Jim] #1356526
12/24/12 04:15 AM
12/24/12 04:15 AM
Joined: Feb 2004
Posts: 6,257
acworth / N. georgia - south e...
cheapstreetdustr Offline
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acworth / N. georgia - south e...
a #$50 million dollar wow..


365" Iron J heads,,3480lbs best 1.39 60ft on SS springs.10.54,124 mph ...6.67 1/8th et.average 60fts 1.46 w/ small cam &.063 no2 pill tagged & insured
[image][/image]
Re: ATTCO RACEWAY SOLD!!!! [Re: 440Jim] #1356527
12/24/12 10:12 AM
12/24/12 10:12 AM
Joined: Jul 2010
Posts: 1,845
Tampa
D
DusterDave Offline
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Joined: Jul 2010
Posts: 1,845
Tampa
Quote:

Quote:

Quote:

Not sure how this will be circumvented.



http://www.morellilaw.com/our-blog/morel...ot-rod-associat


23. After CRUZ crashed, the ambulance that was owned, operated and maintained by ATCO failed to start and was unable to get to CRUZ in order to put out the fire and offer him immediate medical assistance. The fire was put out by CRUZ’s son, who ran down the track to assist.



Wow...



Oh boy....yeah, that situation had lawsuit written all over it.


Gone to the dark side with an LS3 powered '57 Chevy 210
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