more news from NHRA

[BG56]

Effective immediately, I presume? So what will this do to last week's 'good' news of signing FoxSports to multi-year deal to broadcast. Again, at cost, I presume. Another 2020 Kick in the Teeth! Ouch!

[Jeff Stout]

NHRA states Coke as a family member , then file a lawsuit. You nhra changed what Coke was to receive for their money. Covid changed your schedule. Coke should not be held responsible for fulfilling their obligation. You did not fulfill yours. You reduced purses, how about your salary and others up top in ivory tower. We are family and everyone should suffer together.

[Greg Hill]

Wonder who has the best lawyers?

[Billy Nees]

Originally Posted by Greg Hill

Wonder who has the best lawyers?

Probably the people with the most money to spend.

[Bob Don]

Financially strong means...the hierarchy are able to retain their salaries.

[GUMP]

I find this to be a very poorly thought out move by the NHRA. I really hope that the organization survives.

[KennyAnderson]

The STRONG rumor was that NHRA needed a minimum of 12 races this year to fulfill their requirements to Coke/Mello Yellow. When they released the latest revision with only 11 races I wondered aloud what was going to happen if this is indeed the case........

[james schaechter]

Originally Posted by GUMP

I find this to be a very poorly thought out move by the NHRA. I really hope that the organization survives.

I hope that NHRA survives this. It seems the leadership is out of touch with their sponsors just like their racers. I find it a little disingenuous to call the sponsor family then sue them. I wonder if they considered pro stock truck racers family.

I do think that there is enough demand among class racers, that class racing can and will live on. The reality is that NHRA has forced class racers to realize that they don’t need NHRA to race on. (Even though I would prefer that). Look at the many associations that are thriving out there. There is a market for class racing if they choose to go after it.

I think NHRA as a whole is great and there are great people there. The leadership at the top don’t impress me though. Their focus has not been on the type of racing that interests me the most.

[Keith 944]

yep, just like family....

[SStockDart]

Originally Posted by Jeff Stout

NHRA states Coke as a family member , then file a lawsuit. You nhra changed what Coke was to receive for their money. Covid changed your schedule. Coke should not be held responsible for fulfilling their obligation. You did not fulfill yours. You reduced purses, how about your salary and others up top in ivory tower. We are family and everyone should suffer together.

Very well said Jeff (and fellow Phoenician). I actually negotiated a contract for Coca-Cola when Wild Horse Pass was Firebird...a long, long time ago. These type of contracts have assurances built into them, and what is referred to "act of God" clauses. As an example, if you contracted with an amusement park, and it got leveled by an earthquake, you would be excused from the contract. Very likely you would have an attendance guarantee or compensation could be reduced. In the case with NHRA, I doubt they had insurance to cover an act of God, since tracks are spread out all over.

When TV agreements get involved with a contract, the network very likely requires a minimum advertising investment. An example would be.......NBC will pay you a million dollars if you guarantee NBC 2 million in ad revenue (or pick a number). This recent deal with FOX agreement seems a little suspicious to me.

Hope it all works out.