Miller Motorsports Park might not end up under Chinese ownership just yet, reports Fox News.
A few months back, we told you about Miller’s sale to a Chinese automotive company. While Miller is out of sight, out of mind, for eastern Canadian roadracers, riders from western Canada visit the track, and the upcoming developments (a training centre, improvement to FIM certification) were interesting.
But the sale might not happen. One of the other bidders for the park has complained, saying the sale was illegal. Bidder Center Point Management LLC had offered $27 million for the track, while winner Mitime Investment and Development Group bought it for $20 million. The local government officials who sold the facility claimed the winning sale made more sense, as the Chinese investors had promised to invest more money in the future. However, Fox News says a judge presiding over the sale wasn’t impressed, as the county was legally obligated to get the most money possible at the sale, instead of relying on future promises.
As a result, the judge has “vacated” the sale (effectively canceling it), so, there’s a good chance the facility will end up back at auction, meaning it’ll be a longer wait before we see superbikes back at Miller — if ever.