Formula E
27 Feb
-
29 Feb
Event finished
R
Berlin E-prix
20 Jun
-
21 Jun
Next event in
88 days
Formula 1
11 Jun
-
14 Jun
FP1 in
80 days
25 Jun
-
28 Jun
FP1 in
94 days
MotoGP
R
Spanish GP
30 Apr
-
03 May
Next event in
37 days
14 May
-
17 May
Next event in
51 days
NASCAR Cup
06 Mar
-
08 Mar
Event finished
R
Martinsville
07 May
-
09 May
Next event in
44 days
IndyCar
07 May
-
09 May
Next event in
44 days
22 May
-
24 May
Next event in
59 days
WEC
22 Feb
-
23 Feb
Event finished
Supercars
12 Mar
-
15 Mar
Event finished
R
05 Jun
-
07 Jun
Next event in
73 days

HPROP: Garbrecht sole owner Hydro-Prop

shares
comments
HPROP: Garbrecht sole owner Hydro-Prop
Oct 19, 2001, 10:38 PM

Garbrecht Acquires Little's Ownership Share of HYDRO-PROP, Inc. (Lake Hamilton, Fla.) - HYDRO-PROP, Inc. announced today that Gary Garbrecht, President and co-owner of HYDRO-PROP, has acquired the 50% ownership share in HYDRO-PROP formerly held by ...

Garbrecht Acquires Little's Ownership Share of HYDRO-PROP, Inc.

(Lake Hamilton, Fla.) - HYDRO-PROP, Inc. announced today that Gary Garbrecht, President and co-owner of HYDRO-PROP, has acquired the 50% ownership share in HYDRO-PROP formerly held by team owner Bernie Little. Garbrecht becomes the sole owner of HYDRO-PROP and the Budweiser Unlimited Hydroplane Series presented by Laughlin.

"HYDRO-PROP has made significant strides in our first year," said Garbrecht. "Bernie and I agreed that it would be best for me to own the series and for Bernie to concentrate on his team and other business interests. Bernie has played a key role in the sport for many years. He was instrumental in making HYDRO-PROP's acquisition of the series from the American Power Boat Association possible last year."

"Balancing team ownership and series ownership is a very difficult task. I have to recognize that Bernie always held to our deal and supported our vision of the series. We agreed that I would run the competition and that Bernie would help find race sites and sponsors," continued Garbrecht, "and that is exactly what we did."

"I know that as the owner of the Miss Budweiser team, Bernie was not always happy with some of the restrictions that we placed on competitors during the course of the season. But he never interfered and his diligence has helped us to secure two new race sites for next season."

"Gary is the premier businessman in powerboating today," said Little. "He has done a great job in helping get the sport turned around. Now that Gary has had a year to get his management team in place, I think that it is best that I concentrate on running my team and let Gary have total ownership of the sport. And I plan to call him regularly to offer my opinions! I have owned the Miss Budweiser team for 39 years and I have to tell you that owning the Miss Budweiser is a lot more fun than owning part of the series. I am glad that I was able to help Gary get started and I'm looking forward to concentrating solely on the team and my family."

Headquartered in Lake Hamilton, Fla., HYDRO-PROP combines Unlimited Hydroplanes, the biggest, fastest racing boats in the world, with Formula One, the most versatile, fastest accelerating and fastest turning boats in the world. HYDRO-PROP events are held throughout North America and are televised during prime time on ESPN2. For more information on HYDRO-PROP, visit www.hydroprop.com <http://www.hydroprop.com>.

-Hydroprop-

Next article
HPROP: Bill Muncey Cup, San Diego race on TV

Previous article

HPROP: Bill Muncey Cup, San Diego race on TV

Next article

HPROP: San Diego Bayfair broadcast date on ESPN2

HPROP: San Diego Bayfair broadcast date on ESPN2
Load comments

About this article

Series Boat