Team Juicy Racing's Racing School and Race Series Forums
Go Back   Team Juicy Racing's Racing School and Race Series Forums > Racing Schools & Race Series Forums > Racing, Driving, New Driver & High-Performance Driving Schools
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 05-22-2017
sydude's Avatar
sydude sydude is offline
Team OC/AD D
Carbon Fiber Keyboard (3,000+ Posts)
Join Date: Apr 2004
Location: New York
Age: 54
Posts: 3,311

Gallery Images: 1995
Skip Barber Racing Files for Bankruptcy; Owes Lime Rock Park $1.2 Million

Skip Barber Racing Files for Bankruptcy; Owes Lime Rock Park $1.2 Million

The racing school owes more than $10 million to its creditors, according to court documents.

The Skip Barber Racing School has filed for bankruptcy, according to documents provided to The Drive, with somewhere between $10 million and $50 million in outstanding liabilities.

The school filed a petition for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the Southern District of New York on Monday, according to the copy provided to The Drive.

The most prominent creditor by far is Lime Rock Park of Connecticut, the court filing reveals, with Skip Barber Racing School owing the track $1.225 million for track rent. Somewhat ironically, Lime Rock Park is owned by Skip Barber himself, who founded the school that bears his name. Barber has long since divested himself of Skip Barber Racing School, selling off controlling interest in it back in 1999.

The school also owes rent to several other race tracks across America, including $239,617.19 to Road Atlanta, $169,568 to California's Monterey County (the lawful owner of Mazda Raceway Laguna Seca), $112,000 to Mid-Ohio, $105,983 to Palm Beach International Raceway, $56,623.77 to Virginia International Raceway, and $29,600 to Willow Springs, among other unsecured claims to creditors.

The filing declares that the school possesses assets valued at roughly $5.3 million. That includes a listed $1,489,500 worth of automobiles and $1.6 million in auto parts. It also places a value of $2 million on the Skip Barber Racing School brand name and training techniques.

The Skip Barber Racing School was created in 1975, after Barber retired from professional racing and set about teaching high-performance driving as a coachable skill. According to the website, the school helped to launch the racing careers of Josef Newgarden, Spencer Pigot, Marco Andretti, Conor Daly, and many other professional drivers; it also counts celebrities as Tom Cruise, Patrick Dempsey, and Jerry Seinfeld among its graduates.
Reply With Quote

Bookmark This Thread

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
2011 Skip Barber Alumni Year in Review KBruSBRS F1, IndyCar, Grand-Am, Karting etc Discussions 14 01-12-2012 09:35 AM
Successful Weekend for Skip Barber Racing School Alumni KBruSBRS F1, IndyCar, Grand-Am, Karting etc Discussions 0 03-29-2011 12:20 PM
SBRS Takes Over Panoz Racing School at Road Atlanta Slowhands Race Series Discussions 8 06-13-2007 09:53 AM

All times are GMT -4. The time now is 07:27 AM.'s fast new hosting service has been generously provided by ZeroLag Communications :: 1-877-ZERO-LAG

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright 2004 - 2017 - Team Juicy Racing / Team Juicy, LLC