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-   -   Nhra selling calif headquarters (https://classracer.com/classforum/showthread.php?t=79325)

race watcher 05-20-2021 12:00 PM
Re: Nhra selling calif headquarters
 
This is an example of reacting to a situation rather than acting. I have been reading for a few years that there have been suggestions to relocate. Now that there is a crisis there is some movement. There has to be at least one of the management team that could have started this action before the fact. Did they not see the teams relocating? Did they think Don Schumacher Racing has made the move for any reason other than logistics? Same with Force. Change is very hard but has to take place.

Mike Schwartz 05-20-2021 01:19 PM
Re: Nhra selling calif headquarters
 
It made sense to have their headquarters in SoCal when there were 15-something tracks in the state and seven Nationals all year. I remember the picture of that building in the 1970's rule books. I hadn't noticed there was a warehouse extension until now.

BigBlockBill 05-20-2021 02:12 PM
Re: Nhra selling calif headquarters
 
Quote:
Originally Posted by GUMP (Post 640672)
As a business move, I don't understand the logic of selling the building and then leasing half of it back. Why not just lease half of the building out for long term NHRA income?
It only makes sense when looked at through tax codes, both Federal and State.

nickh 05-20-2021 03:47 PM
Re: Nhra selling calif headquarters
 
Wonder if they got a PPP Loan?

Jared Jordan 05-20-2021 03:48 PM
Re: Nhra selling calif headquarters
 
Anyone need a 64 Dodge?

Feels like I’m not going to have an available NHRA race in California by the time I get it back together. 😒

Frank Castros 05-20-2021 07:01 PM
Re: Nhra selling calif headquarters
 
Quote:
Originally Posted by Jared Jordan (Post 640754)
Anyone need a 64 Dodge?

Feels like I’m not going to have an available NHRA race in California by the time I get it back together. 😒
Sounds like an opportunity for a big bucks "independent" race(s) at Las Vegas (?) for the D5-6 & 7 contestants.

Barry Polley 05-20-2021 08:12 PM
Re: Nhra selling calif headquarters
 
Quote:
Originally Posted by Jared Jordan (Post 640754)
Anyone need a 64 Dodge?

Feels like I’m not going to have an available NHRA race in California by the time I get it back together. 😒
Same Boat Jared.

But now we have a double N.O at Sac and Fallon... So they could have pulled off a divisional?? ..

John Winslow Jr 05-20-2021 08:22 PM
Re: Nhra selling calif headquarters
 
Very frustrating out here

ken robinson 05-22-2021 10:35 AM
Re: Nhra selling calif headquarters
 
With the trend of working from home its a no brainer to sale a building in CA. Move a couple of desks and file cabinets to a room in the towel at indy . If the head brass doesnt what to relocate just work from home or dont let the door hit you in the ***** . They would sale a race track in a heart beat but god forbid CA property . To bad they are not elected to positions my members . Or there pay reflexes there bottom line then you see some creative actions .

Greenlight 05-22-2021 07:55 PM
Re: Nhra selling calif headquarters
 
Salary of top brass from 2018 IRS return.


https://imgur.com/E4XUP19


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