Free Shipping on All Orders 1-866-764-1801

Vist our Online Store
+ Reply to Thread
Results 1 to 15 of 15
  1. #1

    Member Sales Rating: (4)

    Join Date
    Dec 2002
    Location
    Denial...it's in Egypt.
    Posts
    12,882

    Default Champ Car files for bankruptcy

    Yeah, seems like Champ Car was so far in debt that even after the gigantic buyout Tony George gave Champ Car to merge Champ Car and IRL, they still owe a gigantic sum of money to multiple creditors.

    http://www.autoweek.com/apps/pbcs.dl...&rssfeed=rss01


    Yeah, Champ Car is done. I saw the movie "Driven" over the weekend. It kinda made me depressed because that is the last place I will be able to turn on the TV and hear the glorious growl of those Cosworth V8's. Goodbye Champ Car, it was fun while it lasted!
    You're just jealous 'cause the voices don't talk to you!

  2. #2

    Member Sales Rating: (2)

    Join Date
    Mar 2007
    Location
    Snohomish, WA
    Posts
    911

    Default

    This is actually good news. Splitting up IRL and Champ ruined the sport.
    My Home Theater (WIP):
    Panasonic AE900 Projector - 126" screen, XBOX 360, Pioneer BDP-320 Bluray
    Receiver: Denon AVR-1905
    Fronts: RTi6's, Center: CSi5, Surrounds: RTi4, Rears: Denon
    Dual Subs: PSW202, and behind the couch Denon 8"

    My showcase link:
    Media Room pics

  3. #3

    Member Sales Rating: (4)

    Join Date
    Dec 2002
    Location
    Denial...it's in Egypt.
    Posts
    12,882

    Default

    No, losing Champ Car is bad. CART was the sport. IRL is nothing but open wheel NASCAR.
    You're just jealous 'cause the voices don't talk to you!

  4. #4
    Audiophile
    Member Sales Rating: (30)

    Join Date
    Mar 2006
    Location
    Seattle
    Posts
    11,185

    Default

    Sad day for auto racing fans.

  5. #5

    Member Sales Rating: (2)

    Join Date
    Mar 2007
    Location
    Snohomish, WA
    Posts
    911

    Default

    So what happened a few years ago when the Indy 500 became a joke with a bunch of no names and rookies? Wasn't there a split in leagues or something that caused that? I thought it had to do with IRL, but I guess that is wrong. I don't know much about it.

  6. #6

    Member Sales Rating: (4)

    Join Date
    Dec 2002
    Location
    Denial...it's in Egypt.
    Posts
    12,882

    Default

    CART was made up of two types of teams. The big money teams like Newman/Haas, Forsythe and Penske and then there was the small potatoes teams. The small potatoes teams felt they weren't getting a fair shake because the big dollar teams were tromping all over them in competition 'cause they had cubic dollars. Afterall that's really what wins races.

    So the whiny bitches went and complained and Tony George said "You're right!" and thus the IRL was born when a gaggle of small potatoes teams went and made an open wheel racing series that was nothing but ovals. BORING! Only thing it did was even out the competition so everyone could be running in a big fat pack.

    CART said "Fine, the hell with you!" and went and did their own thing. Tony George I think it was sued CART for the CART name so they changed to Champ Cars. But with increasing debt loads and lack of attendance at either venue plus the big networks dropping Champ Car coverage, Champ Car was hurting so much for money that they couldn't even pay the promoters. So thus happens where we are now.

    There is a ton of other BS in the middle but what it amounts to is that IRL lacks road courses. Champ Car had something like 90% of it's venues were road courses with a good chunk of them being city street courses. The competition in Champ Car attracted world talents which is one of the downfalls because Americans are not going to watch an American racing series dominated by Brazilians and French that couldn't hack it in F1.

    Needless to say IRL attracts very little good talent because they don't have the money to pay the drivers. On top of that, the cars are centered around technology that was new in 1979. When IRL split, they got the rights to the Indy 500 due to the name on the series. But they had no name drivers with junk cars and the race was totally anti-climactic. They took the greatest racing venue in all of American racing history and one of the biggest in the world and turned it into a 175 MPH parade of billboards driven by washed-up has-beens and still wet behind the ears wannabes.

    Meanwhile, Champ Car had the technology, had the talent but didn't have the backing because Tony George was actively working to deflate the bubble that was CART/Champ Car. It really stinks too because in some ways CART/Champ Car was superior to F1. It was also well respected around the world as a highly competitive series. Lots of technology came out of the series too. Much of the Big 3's small engine technology and engine management and stability control stuff came out of CART testing. Nothing new comes out of IRL.

    CART/Champ Car will be sorely missed. I always wanted to go to the Long Beach Grand Prix just to hear the cars tearing down the boulevard. I guess I missed my chance.

    I hate Tony George. He's the worst thing to ever hit American Motorsports.
    Last edited by Jstas; 03-10-2008 at 05:46 PM.
    You're just jealous 'cause the voices don't talk to you!

  7. #7

    Member Sales Rating: (4)

    Join Date
    Dec 2002
    Location
    Denial...it's in Egypt.
    Posts
    12,882

    Default

    Oh and names like Mears, Sullivan, Andretti, Unser, Rahal, Gordon, Fittipaldi, and so on are what made CART so big that it attracted other gigantic names like Johanssen, Zanardi, Mansell, Villeneuve, Hill and made talents like Bourdais, Vassar, Tracy, Montoya and de Matta.

    What has come out of IRL? Drivers like Danica Patrick who has achieved alot but by no means is she the first nor the most accomplished female driver in auto racing history. Hell not even in American auto racing history. She wasn't even the first in an indy car or champ car. Castroneves maybe. Other than that, the only other driver you hear about is Tony Kanaan and not because of his driving ability but because of who he dates. He is quite a good driver but can't get an F1 ride. But you know what? The all-stars of IRL got started and came out of CART in the whole split ordeal. Dario Franchitti, Castroneves and Kanaan were all rising rookies in CART before the split. After the split, careers were hurt and the floundered for a while. Then they all landed rides with the IRL. Now they are pretty dominant. Kanaan seems to have had the unfortunate inheritance of his team owner's sting of luck at the Indy 500 and he's gonna go down in history as one of the best drivers to never win the Indy 500...just like his team owner Michael Andretti.

    Yeah, I used to follow Champ Car pretty closely.
    You're just jealous 'cause the voices don't talk to you!

  8. #8
    Banned
    Member Sales Rating: (1)

    Join Date
    Jul 2001
    Posts
    2,452

    Default

    Jstas,

    Don't be so negative about the Indy 500. The truth is that Tony George and CART favorites (Penske, etc..) had a falling out years ago. Tony George realized that the history of the Indy 500 (Speedway) was far more important than a few CART Teams. So, he told CART to stick it and formed IRL.

    The George family has OWNED the Indy 500 track for generations. I give him a little credit for keeping the Speedway in the family and not letting the car-owners and drivers RULE THE FAMILY's racetrack.

    The INDY 500 is a family business and big money doesn't have the power to change that. Most importantly, all the old CART drivers eventually found their way back to competing in the IRL circuit.

    Now, the Indy 500 track hosts... IRL, NASCAR, F1 (a few times anyway), and soon Motorcycles will be racing there. This is especially great since the track is within ear-shot of my house and I could reasonably easily walk there if I wanted.

    Its difficult to know who to blame in the fallout. Tony George and Roger Penske have ego's that don't compromise easily. It looks like IRL won though.

    - Ron

  9. #9

    Member Sales Rating: (2)

    Join Date
    Mar 2007
    Location
    Snohomish, WA
    Posts
    911

    Default

    Thanks for the Clarification on the leagues. I had it backawards in my mind. I think it's funny that Dario and Juan Pablo bailed to Nascar.

  10. #10

    Member Sales Rating: (0)

    Join Date
    May 2002
    Location
    Austin, Texas
    Posts
    2,416

    Default

    I knew it was too good to be true.

  11. #11

    Member Sales Rating: (5)

    Join Date
    Oct 2004
    Location
    Hot Springs,Arkanasas
    Posts
    555

    Default

    I used to be a big fan of champ car until they cancelled the race here in texas at the last minute.

  12. #12

    Member Sales Rating: (4)

    Join Date
    Dec 2002
    Location
    Denial...it's in Egypt.
    Posts
    12,882

    Default

    Quote Originally Posted by rskarvan View Post
    Jstas,

    I don't know what I'm talking about

    - Ron
    Um, two things.

    One Penske has been running a Champ Car team AND an IRL team for several years now. Well not so much anymore but he was also one of the first big money CART teams to move to IRL. And Tony George did not have a falling out with Penske and decided to go play ball on his own. He was booted off of the CART Board of Directors because of his constant badgering to change the series which was wildly successful at the time. So he went off in '96 and made the IRL to compete with CART. Since he OWNS Indianapolis Speedway, he effectively booted CART off of the ticket for the Indy 500 by requiring that 25 of the 33 spots in the Indianapolis 500 be occupied by drivers in the IRL circuit. Then after that, George changed the rules in the IRL and basically outlawed CART/Champ Car specs. The fact that he is an abrasive, nattering twit didn't help matters. So the CART teams boycotted the Indy 500 and ran the U.S. 500 at Michigan International. In 2003 CART went bankrupt and thus fostered the Champ Car World Series. CART went bankrupt because it was publically traded and shares dropped to like 25 cents I think it was? All because FedEx pulled series sponsorship at the end of 2002 and then Toyota and Honda stopped supplying engines to CART because George offered crazy incentives to them thus leaving Ford's British based Cosworth as the sole provider of engines to the series.

    Tony George killed CART and then he killed Champ Car over a gigantic egotistical hissy fit. I can't stand him and I can't stand the IRL. I'm glad I can still catch F1 on The Speed Channel. It's the only international open wheel series worth watching anymore that you can actually get on TV.


    Two, I thought you were leaving?
    You're just jealous 'cause the voices don't talk to you!

  13. #13

    Member Sales Rating: (49)

    Join Date
    May 2005
    Location
    North of Boston
    Posts
    6,441

    Default

    Quote Originally Posted by PhantomOG View Post
    I knew it was too good to be true.
    I second this notion. I knew I thought I saw him lurking around here. Sneaky bugger.

    Don't you have some yahoo self help group to participate in?

  14. #14

    Member Sales Rating: (5)

    Join Date
    Jun 2003
    Location
    northern nj
    Posts
    6,609

    Default

    Quote Originally Posted by greg2350 View Post
    I used to be a big fan of champ car until they cancelled the race here in texas at the last minute.
    you mean the one where drivers were nearly blacking out from the G's pulled while lapping? yeah, I remember that...lol was a while ago.
    Theater - Polk LSi15, LSiC, LSi9 speaks, DIY Sub (142.5L box, SVS plus driver, 500 Watt plate amp)...Outlaw 990 pre/pro, Carver TFM45, 2 X Outlaw M200 . Rotel RB980 . PS3, Monster 3600 power center

    2 Channel -
    Anthem Pre 2l, Jolida JD100 CD player, CAL Sigma DAC, Carver m4.0, Polk LSi9 w external modified Crossovers (thanks Trey!)

  15. #15

    Member Sales Rating: (0)

    Join Date
    Nov 2007
    Location
    Raleigh, NC
    Posts
    693

    Default

    Oh well, all good things must come to an end. Apparently race cars were too much of a temptation for him!
    My system

    "The world is an ever evolving clusterf*ck." --treitz3

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

     

Similar Threads

  1. Goodbye Champ cars oh and sucks to be you Panoz
    By Jstas in forum The Clubhouse
    Replies: 8
    Last Post: 02-20-2008, 05:39 AM
  2. Tweeter bankruptcy
    By fireshoes in forum The Clubhouse
    Replies: 25
    Last Post: 06-21-2007, 06:45 PM
  3. Ultimate Electronics Files Bankruptcy
    By VR3 in forum The Clubhouse
    Replies: 6
    Last Post: 04-29-2005, 11:57 PM
  4. Pre-Bankruptcy sale?
    By CPHILHOWER in forum Car Audio & Electronics
    Replies: 1
    Last Post: 04-25-2003, 02:47 PM
  5. Recoton files for bankruptcy protection
    By fireshoes in forum Speakers
    Replies: 10
    Last Post: 04-18-2003, 02:11 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts