we know they had cash from the sell of shares at some point. Now where the cash went is the real question. Yes some went to race cars. Now where did the rest go?
Obviously a good deal of it went to Edwards, who, according to Frizzy, kicked some back to Urbie. I doubt Edwards was the only one doing that.
And don't forget: we've never had any idea how much Urbie paid himself in salary and bonuses.