The Bob Bondurant College of Excessive Efficiency Driving is accepting funding and buy inquiries as its Chapter 11 chapter submitting course of nears completion, the ability stated Monday in a information launch.
“That is an unbelievable alternative and the possibility to be part of the way forward for one of the vital revered manufacturers within the business,” Tim Shaffer, the varsity’s chief restructuring officer, was quoted within the launch.
“Bob Bondurant loved an extremely profitable racing profession, which he parlayed into one of many world’s premier driver-trainer faculties. We look ahead to speaking with potential traders and purchasers who can take the varsity to the following degree.”
events have till February 28 to submit inquiries.
Ought to the varsity emerge from chapter within the coming months, it will be barely forward of the schedule Shaffer set for the varsity when he spoke with the ClassicCars.com Journal in December. On the time, he stated the ability ought to be finished with the method by midsummer on the newest.
“There aren’t that many issues that must be resolved that will take that a lot time,” he stated, including that the varsity was not in that unhealthy of monetary form. “If I’m not out of Chapter 11 by the top of June or the Fourth of July, I’m not doing a superb job.”
In the identical interview, Shaffer stated there had been a “excessive degree of curiosity from individuals desirous to get entangled with the way forward for the varsity.”
Bondurant based the varsity in California 51 years in the past. The present Chandler, Arizona campus — which is the biggest purpose-built driving college on the planet — opened in 1990.
The varsity was briefly closed in November after now-former staff walked out, claiming they’d skilled a hostile work setting by the hands of Bondurant’s spouse, Pat. The couple has denied the claims.
This text, written by Carter Nacke, was initially revealed on ClassicCars.com, an editorial companion of Motor Authority.