It seems funny that this takes place after Goodyear and NHRA have done nothing to settle the lawsuit with Darrell Russell's wife. Is it just a move to get NHRA out of this problem?
Looking at the Board of Directors at HD, it looks like the Board at NHRA and still the high pay for these members.
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Having worked in Performance Aftermarket for 25 years and attended more national events than I can count, the only thing that seems to have changed is the NAME! I for one will sit back and see how much ticket prices go up and how much less you will get.
Mark Jones
Cleveland
I cannot fathom why anyone would sell a business that brings in $100M a year for only $121M. I think Mr. Burk is 100% right, NHRA as we know it is going, going, GONE.
Tony Neu
Indiana
If HDP and its bean counters are really out to just make money, how long do you think it will be before IRP, Gainesville and the others are sold and the boys in Glendora are moved to a strip mall. Not long methinks.
Cheers,
Richard Nevill
Kentville, Nova Scotia
Just wondering, what happens to the profits from the sale of the NHRA assets since NHRA is supposed to be non- profit? Will the "MEMBERS" or sportsman racers see any benefit?
Gary Williams
Shouldn't the 100 million be divided among the members since they actually built this association and it is a non-profit organization?
Terry
Houston
Question: Since NHRA is a non-profit organization, how can the $9.5 million in HD Partners common shares be given to the members of the board of directors of NHRA, as you have suggested. Do these shares not belong to the membership of NHRA and not any individuals?
Dave Hanasyk
Edmonton, Alberta
The money does not go to members of the Board of Directors, it goes to NHRA, the not-for-profit organization than remains. It will sanction and administrate the NHRA Pro Racing events, maintain the sportsman and junior dragster programs, continue to publish National Dragster, and continue educational programs. These programs, with the exception of National Dragster, are not money-makers for NHRA. The $109.5 in cash and stock will be invested and should be able to fund NHRA for many years to come. In many ways, the organization goes back to its original configuration when it was founded over 50 years ago.
