CLASS RACER FORUM - Who owns nhra ??????

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Re: Who owns nhra ??????

Judging by the TV time he gets , must be John Force

Re: Who owns nhra ??????

As i understand it there is a for profit corp also, this corp owns the tracks and all other real estate. That was the only way they could get the loans to buy the tracks.

Quote:

Originally Posted by philip a harnden (Post 235881)

I have a question if nhra is non-profit corp. How did they get loans to buy indy, gainesville and etc

Re: Who owns nhra ??????

Right now if the NHRA is dissolved for any reason the assets go the NHRA museum which is a 501-C3. The problem is that the same people control the museum that control NHRA. If the IRS were to cause NHRA to be dissolved I can't imagine them letting all of the assets that were left go to an organization controlled by the same people that caused the demise of the dissolved one.

This was changed in the by laws a few years ago, I think in an effort to keep NHRA in the hands of the current management no matter what happens. This all goes back to 1981 when that illegal vote was taken to steal our membership rights away. So much has happened since then to benefit management to the detriment of the members.

On a side note when the HD partners sale was proposed, in the contract Tom Compton had a provision that would have paid him around $1.5 million per year for running the pro side of the sport and being a paid consultant to the sportsman side. What's interesting is that if there was ever a conflict between the pro's and sportsman he was contractually obligated to take the side of the pros against the sportsman. I think this tells you why that sale was ever proposed.

Re: Who owns nhra ??????

I heard there was a Used Car Dealer in Tenn. owns it. LOL

Re: Who owns nhra ??????

Quote:

Originally Posted by Brian Oakes (Post 236012)

I heard there was a Used Car Dealer in Tenn. owns it. LOL

That would explain a lot. :cool:

Re: Who owns nhra ??????

Stan, you just got to sell more used cars, that way you'll have way to much cash, so you can get your own pigs and raise your own pork chops ! then you can be a non-profit farmer, and get everything free from the Goverment, I think ! ,,,,,John

Re: Who owns nhra ??????

All joking aside ( and it has been a bunch ) I just wanted to know who owns it..... Like if you wanted to buy it who do you make the check out too and then who gets to CHOP ( this is for John Lang LOL ) up the money.

Re: Who owns nhra ??????

Inquiring minds would like to know.