BRANDON, S.D. — With South Dakota’s Huset’s Speedway struggling to find a buyer, track officials are taking a radical step to find a new owner.

On Aug. 13, Huset’s Speedway will play host to a first of its kind 410 sprint car race that will see the winner become the new owner of the entire 70+ acre facility, including the track, buildings, lights, website and branding.

Though the rules for the event are unofficial at this time, track officials said in a post on husets.com that each team that enters will be required to pay a non-refundable $200,000 deposit. Anyone choosing to enter after the registration deadline will be required to pay an extra $75,000. The race will feature a minimum field of 18 cars and a maximum field of 36 cars.

Should the track not get the required minimum field of 18 cars, the race will not take place and all money will be returned to those who have entered the race.

The race will feature three heat races of 12 cars, with 24 cars advancing to the 40-lap main event that will decide the new owner of the facility.

In addition to the race winner becoming the new owner of the facility, the runner-up will earn $200,000 while the drivers who finish third and fourth will each earn $100,000.

The event will feature standard 410 sprint car rules for the cars for specs and technical inspection. The rules will be posted in advance of the event and will match those ran at the Knoxville Nationals just days prior.

According to the Huset’s Speedway website, official rules, processes and procedures will be released on or before June 19 at www.husets.com.