The Los Angeles Times from Los Angeles, California • 52

ONTARIO Continued from First Page TRACK that the race netted more Cal Poly (SLO) Breezes, 58-0 HAYWARD UP) Fourth-ranked Cal Poly San Luis Obispo rolled up 469 yards to crush Hay ward State, 58-0, in a nonconference game Saturday. SCORE BY QUARTERS Cal Poly SLO 20 8 14 1658 Cal State Hayward 0 0 0 09 SLO Henson 20 run (kick failed) SLO-Gllnlak 3 run (Loan kick) SLO Henson 9 run (Loane kick) SLO Mead 15 oass from Johnson (Nafzlser pass from Coulson), SLO Smeland 28 Interception return (Loane kick) SLO Glinlak 3 run (Loane kick) SLO Safety, Dean tackled end lone. SLO Grimes 36 pass from Robblni (Loane kick) SLO Manus 42 pass from Robblni (Loane kick) Attendance 3,200 College Water Polo UC Santa Barbara 3, Long Beach St. 2 Claremont-Mudd 10, Caltech 2 nanced because a lot of expense of the $25 million was built into the bond Issue money in trust funds' and reserve funds for bond holders and construction funds. "That all added to the rent.

That $6 million in non-productive money has to be paid off in 30 years along with the rest of the mortgage money. "I probably wouldn't build the speedway quite as big either maybe permanent seats and then lease the remainder for the California 500. "Basically, however, what I think we did was to spend money to make money. That might indicate a total disregard for budgets but we did have budgets. We reduced and reduced again.

I don't think, in the time I ran the track, that we exceeded a budget once." Pro Football Notes Viklnps Took running back Chuck Foreman, bothered bv a knea Inlury, off the active list for today's game against Cleveland; activated defensive back Charlie West. Saints Put linebacker Willie Mall, hampered by a groin iniury, on the Inactive list. Cardinals Activated defensive tackle Bonnie Sloane, the deaf rookie from Austin Peay, and running back Terry AAetcalf. from the beginning. This had never been don before.

"What we immediately found out after we were in it was that budgeting in terms of maintaining the facility was too low. The first California 500 made just about exactly what was anticipated but the other races didn't come as close as we'd anticipated, on net profit. We weren't really upset because they showed strength. "What really caused us to put more money in was the total failure of television revenue to materialize. We had anticipated closed circuit to be the coming thing.

It wasn't, at the time. The networks were not yet interested in auto racing, either. That source of income, which we thought might be a big chunk maybe $600,000 a year in a package for four or five races totally evaporated. "And who could have predicted the horrible economic slump that hit us right in 1970? the unem-ployment rate in our prime market was almost 9 per cent. "Here we were, a brand new facility, unestab-lished, fighting for spectator dollars in a market where guys were curtailing by 50 per cent the dis cretionary income they were spending." Lockton, a Yale graduate, worked three years for a firm representing Indianapolis Motor Speedway in insurance problems.

He later was associated with Chuck Barnes in a management firm, Sports Headliners, helped form a foreign car dealership and a paper manufacturing company, bought an interest in Arizona-Colorado Land and Cattle Co. and Lion Country Safari. Since 'leaving Ontario, Lockton put together financing for three or four companies, acquired control of Laister Sailplanes, and working control of Cal ifornia Business ications, which publishes a weekly a per, California Business. don't know if I would change anything if I could go back to the start at Ontario," he said. "We spent extra money in construction and personnel for safety.

We couldn't have taken that out. Now we're looking like geniuses compared to other tracks because the track we built is the safest and safest-run in the world. "The track probably would have been better off being privately financed rather than publicly fi spend $100,000 that way." Of Hollywood celebrities, Lockton said: "Auto racing has been adopted by the motion picture fraternity because it's a fantastic sport. Because of that, we felt there was a great opportunity to excite the non-racing fan and add some glamor by utilizing the desire of people such as Kirk Douglas, Paul Newman, Steve McQueen, Jim Garner and Dick Smothers to become involved, to help auto racing and see it grow. "We wanted to get publicity off the sports pages and get at other fans.

These guys were not paid a dime, they paid everything right out of their pockets. They bought their tickets. They were out there on their own time for board meetings. "Three Newman, Douglas and Smothers were on the board and they paid for their stock at the same price I did and everyone did. Douglas narrated several promotional films for us.

Newman and Smothers risked their necks in celebrity races. I think all of this helped us attract a lot of non-racing people. "It would have been extravagant to charge these guys what they normally get." On what went wrong at Ontario: "Two independent, well-known research houses showed that Ontario would be a money-making proposition, almost from the word go. I thought they did an outstanding job based on the facts at their disposal. "But it was a very risky deal.

We always said so, money than any of the others. Even though we spent a lot of money on advertising, we made more money on the bottom line. Just like anything, you've got to promote it to sell it. "There was a lot of lavish expense connected with Ontario Motor Speedway but not by the people who had their money in it. "Eleven suites were major corporations for $20,000 a year.

That was an innovation immediately copied by other tracks Daytona, Indianapolis, Talladega. The rentals were income to us. The corporations justified this and I think rightly so because they were in to racing for millions of dollars. "I believe the suites were used very well for entertainment purposes. They were leased bare and people spent a lot of money to fix them up.

But the money was from private individuals and companies, not OMS. "People would go into these suites and think, God, this is lavish and ex-p Subsequently, way down. the pike when the Speedway closed, people said we blew too much money on all those frills. That wasn't the case. "Statements were made that $100,000 was spent by an executive for incidental expenses in a year.

It certainly wasn't spent by me or any executive when I was there. And I can guarantee you that with the cash flow problems and the way the place was run up until the time I left, I can't imagine anyone sub-sequent to me would Part Nov. 4, 1973 Bobby Unser i Injured; Race i to Johncock PHOENIX, Gordon Johncock slipped by tearn- mate Wally Dallenbach 19 1 laps from the finish and won the wreck marred 150 championship auto race Saturday. The final event of the season for Indianapolis was halted early by an accident that sent Bob- by Unser to a hospital. The oldest of the two racing brothers was ad- mitted for treatment of broken ribs and an ankle injury.

Unser's Olsonite Eagle disintegrated when it crashed into the back-' stretch guard rail at Fas-iTrack Intern ational Speedway on the 41st lap. The Albuquerque veteran climbed out of the wreck-J a before rescuers reached him. i The wreck brought out a red flag, halting the race for 45 minutes while work-; men cleaned up the debris. There were five other yellow-light slowdowns be-', cause of minor spinouts and blown engines. Johncock, the 1973 Indi-; anapolis 500 winner, beat Dallenbach across the fin-l ish line by 4 seconds and averaged 115.016 m.p.h.

Third place went, to Billy Vukovich, fourth to Roger and fifth to Kunzman. 1. Gordon Johncock (Phoenix), 150 loos; 2. Wally Dollenbsch (E. N.J.), 150; 3.

Billy Vukovich (Fresno), 150; 4. Roger McCluskey (Tucson), 150; 5. Lee Kunzman (Gutten-berg, Iowa), 149; 6. Gary Bettenhausen (Indianaoolls), 149; 7. Mario Andrertl (Nazareth, 148; I.

Dick Simoi (Salt Lake City), 148; 9. Jimmy Ca-ruthtrs (Anaheim), 146; 10. Bentley Warren (W. Gloucester, 143. Other placings included: 12.

Georoe Snider (Bakersfield), 139, brake failure; 15, Joe Leonard (San Jose), 125, broken piston; 16. Jim McElreath (Arlington, 99, Ignition failure; 18. Bobby Unser (Albuquerque), 41, accident; 19. Al Unser (Albuquerque), 39, withdrew to accompany brother to hospital; 20. Mlko Moslev (Clermont, 25, Ignition failure; 22.

Johnny Parsons (Reseda), ensine failure. Southern 22.000 Scries Open Competition 1 fCW. 'tyw, (ZXJ NOV. 4 COLORADO LAND HOLDINGS Complete liquidation! Many parcels of undeveloped land. Includes a nice river subdivision (Current HUD registration effective August.

22, 1973). Highway frontage; Mountain lands; farm land. ALL PRIME FOR SUBDIVISION. SYNDICATION, OR RESALE. Total Terms-10 down, with partial release clauses; or trade" for notes, stocks, negotiable securities, bonds.

Owner, Charles Steed, Steed Finance 91 1 West 1 0th, Amarillo, Texas 79101 806-376-8690. 150 Lap Main Event 1 Sears Lsawim. (Can HVaMCttdDD administrations at the financially-troubled Speedway. He was in charge during construction and for the first big California 500 race, leaving in April, 1971. The track, which never has generated sufficient income to cover scheduled bond payments of $1 million every six months, now has been taken over by new operators after the previous operators defaulted on a payment.

The new management staged the 1973 Cal 500 on an austerity budget, and is negotiating a possible deal to carry on with a reduced payment schedule. The Speedway had an aura of opulence in its early days, but Lockton said sound business practices were followed. He disputed portions of a recent Times story that characterized spending as extravagant, termed the advertising budget unrealistic and called the administration Hollywood-oriented. "There has been a lot of talk about extravagance," Lockton said, "about overspending, needless spending, things like that. "The construction was financed with a $25.5 million bond issue that included around $6 million in funds set aside to pay rent under certain conditions to the bond holders.

During the two years I was in control approximately $4 million was paid in interest because no income was coming in. In addition, about $2 million reserve was set aside in case the operator defaulted. "So, basically, it cost $19 million to build the facility with what I think was one of the most avant garde construction techniques ever devised. Find another stadium in the United States that seats 140,000 people 80,000 in permanent aluminum seats and include the purchase price of the land, that was built for $19 million. I think the Speedway was built under the tightest of circumstances.

You couldn't duplicate it for $40 million today. "The land was purchased for the relatively high price of $6,000 an acre but it's worth almost double that now. "As to advertising (before the track opened) I went in to my board with a budget of about $600,000 for the California 500 and the board got into the most amazing discussion we'd ever had. "I was afraid when they heard that figure they were going to throw up their arms and lynch me, and instead, it was exactly the opposite: 'Is that enough? Are you sure that we're going to be able to sell every I said I really thought "We spent a lot of time and effort planning what we should do. A resolution was made by somebody that we should spend up to $900,000 if we had to make sure we would fill it because we wanted to expose people to the race.

It was an investment in the future. "As it turned out; by the first of August we didn't have any seats left and we'd spent $500,000. With prior commitments we couldn't get out of, another $70,000 or so probably trickled out but we really had stopped promoting it. The important thing was Computer Time for rent at Stat-Tab Central location Block time aviilitli -first, second or thin) shifts Print time ivtilibli Technical i operating support Available on premises Call-381-3942 Sears laSay Trire, Hoi Your r- effective J- 1 Selection A. teX.

unassembled. Cjf'lfc ALPINE VILLAGE HARBOR FREEWAY AT TORRANCE BLV0. OFF RAMP 327-4384 INTERNATIONAL DANCE FESTIVAL Sunday November 4th 11th, 1973 NON-STOP PROGRAM 12:30 P.M.-8:00 P.M. over 20 nationalities perform their native dances in colorful costumes SUNDAY 2 p.n HP Tractor 999 97 Satisfaction Guaranteti or Your Money Back Free Parking AvoJabfo 1 SAVEJ10! Men's Lightweight 10-Speed Racer Bike Auto Racing SCAA SPORT CARS Champion Spark Plug Classic At Gainesville, FORMULA A 1. Jerry Hansen (Mln-neaooiis), Lola; 5.

Michael Braycon (N-wport Beach), Eagle. FORMULA 1. Ken Duclos (Fox-fcoro, Brabham. FORMULA VEE 1. Reeves Callaway (Marblehead, Caldwell.

production 1. John Kellev (Rockville, Triumph. PRODUCTION 1. Brvan Feursten-au (Falls Church, MGA; 2. Lee Wueller (Lvnwood), MGB.

A SPORTS RACING 1. Bob Nagel (Bethel Park, Lola; 2. Bill Cuddy (Hidden Hills), McLaren M8E. SPORTS RACING 1. Jerry Hansen Minneapolis), Lola T292; 2.

James Busby (Laguna Beach), Lola T292. ENDURANCE RACING At Johannesburg, South Africa: FEATURE RACE (nine hours)-1. Porsche 908 (Reinhold Jost-Herbert Mueller); 2. Mirage Ford (Derek Bell-James Hunt); 3. Chevron B26 (John Hine-lan Grob).

Index of Performance Winner Toyota Celica (Koos Swanepoel-Garthe La Reservee). 1 SUPER STOCK RACING At Orange Show Speedway: MAIN EVENT (150 laps) 1. Hugh Pearson (Bakersfield); 2. Bill Spencer (Buena Park); 3. Ivan Baldwin (Highland); 4.

Ron Esau (San Diego); 5. Con-Tie Burdett (Svlmar); 6. Oren Prosser (Svlmar); 7. Gary Crosslapd (Lake-Side); 8. Gene Rinlker (Riverside); 9.

Larry Hageman (Lakeside); 10. Larry "Irombley (Svlmar). Attendance 5,038 SPRINT BUGGIES-SEDANS At Ascot Park: BUGGY MAIN (25 Rick Meant (Bakersfield); 2. Mike Keen (Bakersfield); 3. Don Karraker (Norwalk); 4.

Bill Haddad (Torrance); 5. Randy Lowe (Irvine). MAIN (15 laos)-1. Jim Fay (Los Angeles); 2. Bob Dickinson Jr.

(Fountain Valley); 3. John Branch (Ar-Jeta); 4. Dave Church (La Habra); 5. Tim Lewis (Santa Ana). Attendance 4,222 Cross Country CCAA CHAMPIONSHIPS At Cal St.

Northridge INDIVIDUAL 1. Granillo (CSN), 2. Smith (CSN), 3. Clenard (CSN), 4. White (CSF), 5.

No (CSN), 6. Gonzales (CSN), 7. Casanova (CSN), 8. Norton (CSF), 9. Bell (CSF), 25 52; 10.

Wright (CSN), 25:58. TEAM-Cal St. Northridge 17; Cal St. ullerton 49; Cal Poly SLO 73; Cal Poly Pomona 114; UC Riverside 129. BIG TEN CHAMPIONSHIPS At Champaign NDIVipyAL 1.

Virgin (Illinois). 2. Mandera (Indiana); 3. Durk-In (Illinois); 4. Hayes (Indiana); S.

Kee-ler (Indiana). TEAM 1. Indiana 49; Wisconsin 52; S. Michigan 97; ,4. Illinois 100; S.

Michigan State 108; 6. Ohio State 153; 7. Min-nesota 161 8. Iowa 175; 9. Northwestern 236; 10.

Purdue 246. SOUTHEASTERN CONFERENCE At Gainesville INDIVIDUAL-1. Brown (Tennessee), 2. Addison (Tennessee), 3. Brown (Alabama), 4.

Buel (Kentucky), 5. Shipman (Alabama), 25:13. TEAM 1. Alabama 41; I. Tennessee 47; 3.

Kentucky 70; 4. Florida 86; 5. Auburn 112; 6. Georgia 156; 7. LSU 183; 8.

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