Lucas Oil the company which foots the bill for the popular Drag Boat Racing Series announced Friday that “due to reoccurring financial losses” they are incurring for the race series, corporate office would start cancelling races immediately. First to fall was the Augusta Southern Nationals slated for August with word just out that the San Angelo’s two-day Lucas Oil Fall Shootout event will also be axed.
Corona, CA (July 14, 2017) — Mike Chastain, Race Director of the Lucas Oil Drag Boat Racing Series has announced today that the Series will eliminate three races from this year’s schedule.
“To ensure the continuing viability of the Lucas Oil Drag Boat series the decision has been made to shorten the 2017 Race schedule by three events,” said Chastain. “We apologize for the late notice but the economies obtained by the cuts will help us move forward to construct a more robust race series in 2018.”
TAKEN OFF THE 2017 SCHEDULE:
July 21–23: Augusta, GA.
Augusta Southern Nationals.
September 30-October 1: San Angelo, TX.
Lucas Oil Fall Shootout.
October 13–15: Parker, AZ.
Lucas Oil Thunder on the River.
STILL ON THE 2017 SCHEDULE:
August 11–13: Marble Falls, TX.
Marble Falls Lakefest 2017.
September 1–3: Wheatland, MO.
7th Annual Diamond of the Drag Boats Nationals.
November 3–5: Phoenix, AZ.
Lucas Oil Drag Boat Finals.
Future announcements will follow as the restructuring process evolves.