24th Jan2017

Mitime Extends UMC Management Agreement, BUT…

by Michael Chandler

Yesterday, Utah Motorsports Campus dropped a press release.  There was some good news, and some bad news in there.

The Good News

Utah Motorsports Campus, Inc. (the subsidiary of Mitime that was managing the track) will be managing the track throughout the entirety of 2017.  Yay!  That means all of the events we all were looking forward to will be happening.  Hooray!

The Bad News

Citing the “unexpected legal challenges”, “ongoing legal challenges”, and the strengthening US Dollar against the Yuan has led to Mitime to withdraw from negotiations to purchase the facility.  Basically the Cartwright lawsuits have delayed this whole process so much that Mitime lost money waiting around to buy the track.  HOWEVER, they have said that they’d be willing to come back to the table if the county can get the legal issues handled.  So there’s a glimmer of hope.

TL;DR

There’s going to be a 2017 season, 2018 is up in the air though.  You can read the full press release here.  We’ll be out there in 2017, and hopefully we’ll be out there in 2018.

*Article, Photos, Videos, and Audio clips are copyright of CAMautoMag.Com and their respective owners.

Leave a Reply

Your email address will not be published. Required fields are marked *

*