[NJSPEEDER]

i know a lot of you already read in the NJFBOA e-newsletter that was sent out last night, but i feel that a little better explaination of the situation is appropriate since everyone has given so much feedback and support to the series concept.
for those who did not read the newsletter, we will not be able to follow through with the f-body series for the 2007 season.
as we got into the actual numbers invovled as to the cost of this idea, we found that it is currently far more than the club can support. our estimates place the costs of just getting the series organized, fully promoted, and all dates locked in with teh tracks at somewhere in the $7,000-10,000 range. that is vastly more than we had anticipated and many times more than the club can currently support.
these costs could have been covered by sponsorship dollars, but it quickly became apparent that this would lead to two more issues.
if sponsorship money is used to cover event costs there would be little left over for the prize fund. without a prize fund car count would drop dramatically, without car count sponsors lose interest quickly, and it goes on and on in a viscious tail spin from there.
secondly, we have had some potential sponsors with requests/demands that are currently unrealistic. i won't go into detail as to who wanted what, but it woudl be fair to say that as a new start up series it would be unrealistic and truely dishonest of us to try to promise any potential sponsor/vendor/advertiser the world on a platter.

please don't be discouraged, there is hope on the horizon. we made a lot of really great contacts during this process and they have all promised to support us as we work towards the establishment of the series in the future. our immediate plan is to follow the basic racing and show class structure that we have been discussing here at both the F-Body Clash and East Coast F-Body Nationals in 2007. with the continued growth and success of these events we will be better prepared when we are in a proper position to take another stab at putting the series together.

thanks for all of your support during this process. please stay tuned in to the latest in the clash and nats forums as we will be posting up our finalized rules packages soon and starting to put together sponsorship packages for the events.

-thanks