more news from NHRA

[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........

[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.

[Keith 944]

yep, just like family....

[jmcarter]

Like the optimism of Mark Lewis’s post but Greg Hill’s thought about who has the largest fleet of lawyers seems more the immediate issue. No way Coke’s counsel would not have bought off on their action if they didn’t have firm footing. They will easily absorb the legal costs of the litigation. If you really want to be a debbie downer this could all be part of an exit strategy and the top folks walk off with their golden parachutes intact. The PRO owners are aging out and is there any kind of kind of assurance that next year will be much better in terms of events and fan attendance? Maybe Mark’s and Gary’s posts are our best possible outcomes with Sportsman racers having larger fields to pay all the purses and match races providing a fan draw of sorts. In any case, change is coming. The statement about “family” made me think of Lewis Bloom, family doesn’t seem to have mattered much in his exit and that plus all the current purse structure may tell you all you need to know about NHRA’s thoughts on “family”.

[Larry Merk]

All of this begs the question: what about the rest of this season? With no sponsor money to pay the pros, what is NHRA's incentive to continue this year? Is the next announcement going to be a cancellation of all remaining national events?

[hilton]

Originally Posted by Larry Merk

All of this begs the question: what about the rest of this season? With no sponsor money to pay the pros, what is NHRA's incentive to continue this year? Is the next announcement going to be a cancellation of all remaining national events?

How many National events are left ?

[KennyAnderson]

Originally Posted by hilton

How many National events are left ?

5

Gville, St Louis, Dallas, Houston, Vegas.