worrell 1000 Question?, What went wrong & was the money paid out?

I posted a race event that I am currently working on offering $234,000.00 In Cash Prizes, In the threads there was a mention of comparison to the worrell 1000 and that I should read up on it. While doing so, all I could find are numerous people stories of racing in the event, all positive, as well a really nice website on it all, that runs until I think if memory serves correctly 2001. As the reference in my thread lead me to believe something went wrong with the event, I would like to know more as to avoid any of the same mistakes.

I have a questions regarding a race where $1,000,000 in prize money was supposed to be paid out.
Was the prize money paid out for the worrell 1000 cat race?
What went wrong in this event if anything?
Is there a good link to find out more, on it all?
Does this event still happen or what has happened?

thanks, just wondering on it all?
http://ca.geocities.com/sail.2007@rogers.com