Redline Speedway Press Release:
Apparently Redline wasn’t meant to re-open. With buyers Vern Wasson, Kyle Lefelhoc and Carol Houssock just days away from closing on the purchase of Redline Speedway, unforeseen circumstances came to fruition. The 11th hour surprise has dashed the hopes the trio had for bringing life back to the Granville Summit, PA racetrack.
“We can’t make the major commitment we planned with major unresolved issues hanging over our heads,” said Wasson. “We all entered this deal in good faith and the three of us were really looking forward to 2010 at Redline,” added Houssock.
Being so close to sealing the deal, the news comes as a terrible blow to all three partners. “We’ve all been over there, planning our prep work, we had staff lined up, and we were set to go next month,” said Lefelhoc.
The partners, while blind-sighted by this turn of events, said this is neither their fault nor the Matthews family, current owners of the property. “Things happen, but when we were unable to resolve some pertinent issues we had no choice but to cancel the deal,” Wasson added.
Since day one the trio has made it clear they were engaging in a business proposition. “We were prepared to take some risks on this venture, but we are not able to proceed,” said Wasson. “Our concern now is that the race teams that had planned to run at Redline can alter their plans on Friday nights, Lefelhoc added.”
Wasson, Lefelhoc and Houssock extend apologies to everyone they would have worked with at Redline.
This has got to be a shock to a lot of the teams planning on racing Redline this year.
Tags: Redline Raceway, Redline Speedway
