Weld the rip or pound out the dent first? What works best?

MIG weld on this? Drill the end of the crack before the weld?

[img]http://webpages.charter.net/jkornmann/rip%20overview.JPG[/img]

Close up of the rip

[img]http://webpages.charter.net/jkornmann/the%20rip.JPG[/img]