As Financial Advisor to New Jersey Motorsports Park, LLC (“Debtor”) and as the exclusive agent for the sale, pursuant to §363 of the Bankruptcy Code, of the Debtor’s Equity Interests, as part of its planned restructuring, the company emerged from Bankruptcy with its reorganization
plan confirmed 69 days after The Brownstein Corporation was approved by the U.S. Bankruptcy Court for the District of New Jersey in Camden to run a sale and auction process. The stalking horse bid of $22.5 million proved to be the highest and best offer following a robust sales effort that reached over 1,250 potential industry buyers, track owners and competitors and over 3,000 potential financial buyers, investors, and referral sources…