Our local newspaper reports that new management firm is A&D Narigi Consulting.
It was suicide for SCRAMP to run Motogp without making profit, unlike Jeffrey Epstein who didn't kill himself.
SCRAMP ousted as Laguna Seca managers
"The uneasy relationship between the county and SCRAMP dates back three years when the county acquired the business assets of SCRAMP after poor financial showings.
Woods said the county needed people who understand contracts, know how to manage cash flow, foster relationships and understand how to manage financing and personnel.
“We had to buy out the business interests of SCRAMP otherwise there would not have been any events,” he said. “We need an organization that understands core business operations.”
Woods went on to say he has read four different audits and reports, including a civil grand jury report, that elaborate on recurring problems with SCRAMP’s business practices.
One report from Harvey M. Rose Associates found “unorthodox financial practices” being conducted by SCRAMP. Another from Hayashi + Wayland in late 2018, hired by SCRAMP, found that “cash management was unstructured” but that “SCRAMP leadership acted swiftly and decisively to correct as many of the issues identified as possible.”
McGrane counters that SCRAMP suffered “a perfect storm” of events that included losing the MotoGP.
MotoGP is the premier motorcycle racing world championship — an 18-race series visiting 13 countries, four continents and with global television coverage. It matches the world’s most skilled riders with cutting-edge motorcycle technology fielded by Ducati, Yamaha, Honda and Suzuki.
More than 100,000 racing fans made the pilgrimage to Laguna Seca to watch the MotoGP. But then Dorna Sports, the commercial rights holder for MotoGP decided that if one race was good, then a second would be better and eventually a third, diluting the fan base available for Laguna Seca, McGrane said.
“It became a loss leader for us,” he said.
Finally in the 2014 season, Dorna Sports asked SCRAMP for an additional $800,000 for the next year’s event. Because the prior four years of the event had not been profitable, both parties agreed to not return to Laguna Seca.
The county and SCRAMP could not even agree when the new proposal should be submitted. The current contract is due to expire on Dec. 31. Woods said in October that not only had SCRAMP still not submitted a management proposal but he had not discussed the matter with SCRAMP officials. He said SCRAMP officials had previously promised a management proposal several months ago before more recently saying a proposal would be submitted after the end of the racing season.
“We were starting to make real progress on getting the facility and the raceway operations turned around and poised for the future, but it appears at this time we may not have the opportunity to see these plans through,” McGrane said."