NHRA sold!
 

I know this crap has been said before, but this time it is for real.

Also as usual no one provides any proof........

"The future isn't what it used to be."

true this time...Powerade series and NHRA tracks sold, NHRA stays as a 501c non-profit as owner of non-professional series, ND mag, operator of events, etc.

see press release at:

http://www.marketwire.com/mw/release...ease_id=259432

I'm told sportsman will stay in the mix...only time will tell...

Holy crap.

"The future isn't what it used to be."

I wonder when NHRA will make an announcement on their website????

Yep it's true, i saw the NHRA officials email sent to Dave Wallace.

A hundred million in cash, who actually owned NHRA anyways?

i beleive the membership owned it... AND i want my cut asap !!!

jack

look what selling out has done for IHRA... jeezus

Sounds like the time to move. Who is willing to offer up for the non-professional side? Odds are that the remaining NHRA will do what it has to (slice, whack, bastardize, modify) the existing format to be "more profitable" even though they are a non-profit. We are in for more rude treatment as they work to "enhance" non-professional racing.

It's already up, about three different pages worth.

Now we get to see if the company that bought the pro side takes a dump on us. I'm betting we get to BOHICA.[:-veryangry-:]

Alan Roehrich


Bring "AA" classes to NHRA Stock Eliminator!

Well...

There are more questions than answers, but from reading the release...

NHRA Pro Racing will make the call on future sportsman participation at the Power Aid events

The money received by NHRA wasn't that much

HD Partners was chosen over what other investment partners???

Wally Parks said the Power Aid series could now grow unhindered? (Huh?)

I dunno...

US, the guys and gals who race, will get the dumping. We were not left out by accident.

Wally says........NHRA can now focus on the 'sportsman'............??????????

He who dies last, must pay the bills....
Is that a 'Hemi'?

Wake up guys we all ought to be thanking NHRA not slamming them !! With gas prices that will be well over $4.00 a gallon nationwide by summer's end it cost's way too much to race anyway and with the new group eliminating Sportsman racing at National events in 2008 what better time to sell or park the race car & take up golfing or somthing?? Come on let's face it we are all too old to continue doing this anyway.

Does this mean that we need to start looking for our Sunday fix of NHRA televised finals on DIRECT TV PAY FOR VIEW??? kIND OF LOOKS LIKE WHAT WAS BANTERED ABOUT WHEN CLEAR CHANNEL BECAME INVOLVED IN THE OTHER SANCTION.???

MYRONARL1119

Wonder which one wound up with the oil down fine rights!

A hundred Mill. for a non-profit, Yeah-OK,must be big race fans!


Old Vulcan saying,the needs of the wife outweight the needs of the husband.

Jimmy Hyink

ed obrien.... your right, came with the all the other screwings ive gotten from them in 30 years !!!!!

local tracks should hire the good techmen ASAP and begin developing stock / ss series for 2008 NOW so we know were we will race next season !!!

i smell opportunity for some savy track owners... Dallas... BOWLING GREEN you listening ?????????

jack mccarthy

After reading everything available on the deal, I beleive the split, and make no mistake about it, this is a split of NHRA, devides Pro racing and Sportsman racing so that Compton and his cronies in the ivory tower will be able to make the kind of salaries only legally available in the "for profit" business world. Read between the lines and see Sportsman racers will continue to shoulder the burden of the finacial responsibilities but with a much greater burden on fewer racers. In short, tighten your belts guys! Don't expect entry fees to go down or payouts to go up. If anything it will go the other way. The new NHRA Pro Racing (for profit) has got to pay for the soon to be ungodly pay ranges for its ivory tower boys. Who gets the 100 million bucks in cash? Do you really beleive it would be the Sportsman side?

Jim Wahl
6 Time National record Holder
2239 BF/S
I miss Buster Couch also! 'cause Div.2 will always be "Buster's Rebels"

Lord sakes, so much gloom and doom. Wait and see what they do, if we dont like it band together and start another Asso. If they really dont care about us sportsman racers then that would be a good time to split from them. Many tracks will be looking for extra $$ after they get hosed by the pro show. Dont park your cars yet.

bp133 Bob Pagano

Wally's letter says it all... Sportsman and Pro Racing will be separate in the future, its all just a matter of when now. For all we know the sportsman program on the NHRA side could get better if the right people are put in charge.

I'm all for it as long as they keep the fun alive, thats what its all about.


Lee Norton
Performance Punch Embroidery Digitizing
Slowtime Motorsports
I/PS '02 Firebird 231 V6

I cut and pasted this
HD Partners Acquisition Corporation Announces Proposed Acquisition of NHRA Pro Racing From the National Hot Rod Association
4:13p ET May 30, 2007 (Market Wire)
HD Partners Acquisition Corporation ("HD Partners") (AMEX: HDP) (AMEX: HDP.U) (AMEX: HDP.WT) and the National Hot Rod Association ("NHRA"), the world's preeminent drag racing organization, today announced the signing of a definitive agreement under which HD Partners will acquire all of NHRA's professional racing assets, including the NHRA POWERade Drag Racing series, together with a broad set of rights to commercialize the NHRA brand. Upon consummation of the transaction, the acquired assets will be held in a wholly owned subsidiary of HD Partners named NHRA Pro Racing. The NHRA, which will remain a non-profit 501(c)(6) corporation, will retain all its non-professional racing, safety and educational activities and continue to be the sanctioning body for all NHRA racing activities, including the NHRA POWERade Drag Racing Series.

Eddy Hartenstein, Chairman and Chief Executive Officer of HD Partners, said, "We are extremely excited by this truly unique sports media and entertainment opportunity, which provides an ideal platform for our management team to leverage their skills and expertise in creating and marketing compelling entertainment experiences and building strong brands. NHRA President Tom Compton and his team have done a remarkable job positioning the NHRA POWERade Drag Racing series as one of the country's top motorsports events. We see tremendous opportunities in working closely with Tom, who will become President and CEO of NHRA Drag Racing, to take the sport of drag racing and the overall NHRA experience to the next level."

Wally Parks, Founder of the NHRA, said, "Today's announcement represents a monumental milestone in the 56-year history of the NHRA. By virtue of the agreements we have reached with HD Partners, we are positioning the NHRA POWERade Series for great future growth and success, while at the same time are assuring the long term vitality of the NHRA."

Upon closing of the transaction, Eddy Hartenstein will serve as Chairman of NHRA Pro Racing, and Tom Compton will assume the role of President and CEO and be a member of the Board. Robert Meyers, HD Partners' current Chief Financial Officer, will become the Chief Financial Officer of NHRA Pro Racing. Peter Clifford, currently Executive Vice President and General Manager of the NHRA, will become executive director of the NHRA, as well as a consultant to NHRA Pro Racing.

Dallas Gardner, Chairman of the Board of NHRA, said, "This transaction provides the best opportunity for NHRA to fulfill its core mandate to protect, preserve and promote the sport of drag racing. It provides long-term financial stability to the NHRA, an unhindered opportunity for the NHRA POWERade Drag Racing Series to flourish and grow, and an important strategic and long-term relationship between the NHRA and NHRA Pro Racing."

Tom Compton, president of the NHRA, said, "While we have made tremendous strides over the last eight years growing the professional side of the sport, today's announcement is the next logical step in the evolution of the sport of drag racing. This new relationship brings with it access to investment capital, additional expertise, relationships and complimentary skill sets to assist the current management team to drive key initiatives to accelerate the growth of the NHRA POWERade Drag Racing Series."

Under the terms of the agreement announced today, HD Partners will acquire:

-- The NHRA POWERade Drag Racing Series and all professional NHRA drag racing assets and opportunities, including NHRA's existing television broadcast agreement with ESPN; -- An exclusive, worldwide, perpetual license to the NHRA brand for professional drag racing activities; -- Broad and extensive rights to commercialize the NHRA brand, including: - Exclusive professional racing and "Official NHRA" sponsorship and licensing rights; - Exclusive media exploitation rights in broadcast television, home entertainment and new media; - Exclusive merchandising rights relating to both professional racing and the stand-alone NHRA brand; -- Four NHRA-owned race tracks, an additional long-term track lease in Pomona, California and the NHRA headquarters building in Glendora, California; and -- A video and photo archive chronicling the history of drag racing, which includes more than 20,000 hours of video and film.

The NHRA POWERade Drag Racing Series currently consists of 23 national events held at locations across the country. These multi-day events, which can draw as many as 125,000 spectators over three or more days, provide fans, racers and sponsors a unique ability to interact with each other through access to the racer pit area. In addition, NHRA's Nitro Alley display and interactive area located at each national event provides fans with a race-related entertainment experience, including the ability to get behind the wheel themselves in motorcycle and funny car simulators. All 23 national events are aired exclusively on ESPN2.

The NHRA will receive approximately $121 million in total consideration, consisting of approximately $100 million in cash, approximately $9.5 million in HD Partners common stock and the assumption by HD Partners of approximately $11.5 million in debt and liabilities. In addition to retaining its non-professional racing activities and sanctioning role, the NHRA will continue to offer its membership program and publish its weekly publication National Dragster. The closing of the asset purchase and related transactions is subject to stockholder approval, regulatory clearances and other customary closing conditions.

HD Partners will file a Current Report on Form 8-K with the Securities and Exchange Commission, which more fully describes the transaction.

In connection with the proposed acquisition, Morgan Joseph & Co. Inc. served as financial advisor to HD Partners and Latham and Watkins LLC were HD Partners' legal advisors. Duff & Phelps, LLC provided a fairness opinion to the HD Partners board of directors.

A nationally recognized investment banking firm provided a fairness opinion to the NHRA board of directors in connection with the transaction and Morrison and Foerster were the NHRA's legal advisors.

Conference call: Management will discuss the transaction in an investor conference call Thursday, May 31 at 1:30 p.m. EDT. Members of the media are welcome to participate on the call in listen-only mode. Toll free dial in number:1-800-793-6775, code: 8964 7712.

About HD Partners, Inc.

HD Partners is a company that was formed for the specific purpose of consummating a business combination in the media, entertainment and/or telecommunications industries. In June 2006, HD Partners raised $150 million in its initial public offering. HD Partners was formed by Eddy Hartenstein, Robert Meyers, Larry Chapman, Steve Cox and Bruce Lederman, each of whom played senior roles in building DIRECTV to a business with over 12 million subscribers and over $7.7B in annual revenue. Mr. Hartenstein served as President of DIRECTV from its formation in 1990 through 2001, and Chairman and CEO from 2003-2003, and was responsible for assembling its management team and guiding its strategic efforts to establish DIRECTV as the world's leading digital television service.

About NHRA

The NHRA, a non-profit corporation based in Glendora, California, was founded in 1951 by Wally Parks as a means of getting drag racers off the streets and onto legal drag strips. Today, NHRA is the primary sanctioning body for the sport of drag racing in the United States with 140 member tracks. With 80,000 members and 35,000 licensed competitors, NHRA is a thriving leader in the world of motorsports, offering a variety of services including its NHRA membership program, its weekly publication National Dragster, and through the many youth and education programs conducted nationwide. It promotes 23 national events around the country through its NHRA POWERade Drag Racing Series. NHRA-sanctioned sportsman and bracket racing series provide competition opportunities for drivers of all levels. NHRA develops the stars of tomorrow by offering the Lucas Oil Drag Racing Series, Xplod Sport Compact Racing Series, NHRA Summit Racing Series and the Street Legal Drags presented by AAA. NHRA also offers the O'Reilly Auto Parts Jr. Drag Racing League for youths ages 8 to 17.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about HD Partners, the NHRA and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of HD Partners' and the NHRA's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the failure of HD Partners' stockholders to approve the asset purchase agreement and the transactions contemplated thereby; the number and percentage of HD Partner stockholders voting against the acquisition; changing interpretations of generally accepted accounting principles; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which the NHRA is engaged; demand for the products and services that the NHRA provides, general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks

detailed in HD Partners' filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither HD Partners nor the NHRA assumes any obligation to update the information contained in this press release.

Additional Information and Where to Find It

In connection with the proposed acquisition and required stockholder approval, HD Partners will file with the Securities and Exchange Commission a proxy statement which will be mailed to the stockholders of HD Partners. HD Partners' stockholders are urged to read the proxy statement and other relevant materials when they become available as they will contain important information about the acquisition of assets from the NHRA and the related transactions. HD Partners' stockholders will be able to obtain a free copy of such filings at the Securities and Exchange Commission's internet site (http://www.sec.gov). Copies of such filings can also be obtained, without charge, by directing a request to HD Partners, 2601 Ocean Park Blvd., Suite 320, Santa Monica, California 90405.

HD Partners and its officers and directors may be deemed to have participated in the solicitation of proxies from HD Partners' stockholders in favor of the approval of the acquisition and related transactions. Information concerning HD Partners' directors and executive officers is set forth in the publicly filed documents of HD Partners. Stockholders may obtain more detailed information regarding the direct and indirect interests of HD Partners and its directors and executive officers in the acquisition and related transactions by reading the preliminary and definitive proxy statements regarding the acquisition and related transactions, which will be filed with the SEC.

Public and Investor Relations Contact: For the NHRA: Jerry Archambeault Vice President Public Relations and Communications NHRA Contact via http://www.marketwire.com/mw/emailpr...C0B801CD0B9556 (626) 914-4761 For HD Partners: Robert Meyers Chief Financial Officer HD Partners Acquisition Corporation Contact via http://www.marketwire.com/mw/emailpr...429C1F0C4E2C8B 310-209-8308, ext. 3

SOURCE: HD Partners Acquisition Corporation


May 8, 2007
9:32p HD Partners Acquisition Corporation Receives Going Concern Qualification Market Wire
Additional New

ART LEONG
SOON TO BE FRONT DRIVE SUPERSTOCKER

Does anyone remember UDRA? Maybe the time is NOW!!!![:-bigeyes2-:]

Wonder if Bruton owns any stock in HD Partners Acquisition Corporation????

Hmmmm, how interesting that the NHRA kept the SPORTSMAN side of this deal.
For the very few of you that had the feeble argument that we, the sportsmen, were a drain on the NHRA, and didn't in fact pay our own way AND bring in revenue.............I guess the proof is in the pudding.
Seems SOMEONE in the accountant heaven that has become NHRA/California seems it is a good idea to keep the sportsman side.
Are you guys REALLY paying 175 $ entry for a damn divisional up north ? Gee, I can't for the life of me figure why they would keep the cash cow, er I mean sportsman side. [:-laughing-:]

Mike ( madness & ) Mayhem

Sounds great. Less time at the track for sportsman racers, higher purses, more attention from NHRA. I have no problem with sportman only events.

I only wish HD would have bought the rights to the Alcohol Classes.

It depends on how you look at the pudding. I'm an accountant myself and in most deals like this, the acquiring party leaves what they dont want to pay for with the original owners. Just a thought.

Jim Hashbarger
C/PS 4545

Jim Hashbarger
NHRA 395959
IHRA 41562

AMEN JIM...

leave the throttle stops and handicap racing... no way to sell spectators on that show...
...SO we will be left to pay for everything out of our pockets...

purses, tech expenses, glendora's salary base... all out of our pockets because no spectator income !!!!!

jack mccarthy

p.s. i nominate pat joffrion for president of our new association...he is the only man ive seen put on a SPORTSMAN SHOW... not just a sportsman race.

Maybe in fire sale or under other circumstances. But the NHRA held all the cards on this one. They were already very profitable. The didn't have to, or need to sell. It was purely their choice, the time was right and 100 + million was just too hard to say no to. And they kept their cash cow. The sportsman is just too easy to make $ from. No advertising to mess with, no large crowds to deal with, no 300 mph insurance liability. No P.R.O. organization to answer to. No tracks to own and keep up. No crew for all the fancy VIP tents and National event workings. No...........the list goes on.
Just bring your trailer and fuel checker to whatever track will pay for a divisional, take in tons of $$$....pay out squat. Most accountants dream come true.

Get ready to take another round of enhancements.
Squeeze on 'ol holy ones..............




Mike ( madness & ) Mayhem

If HD Partners have the rights to the NHRA logo for advertising and licensing then what organization will the sportsman racers belong to?

NHRA Pro Racing. NHRA would just license it, just like they'll have to pay to be involved at National events.

Just saw this 3rd hand info posted by somebody on a conference call.
"they just reported that part of the agreement is that the NHRA will pay a yearly fee to NHRA Pro Racing to allow Sportsman racing "access" at their National Events for 25 years..."


Smokey usually has all kinds of great information and insight, particularly on these kind of deals. Whatcha got, Spectre?


Michael Beard
<u>Staging Light Graphic Design & Printing</u>
Duck Tape/Loctite Racing
H - I - J/CM '80 Volare 360 Magnum

cut from another post I made:
As far as available profit, I am of the opinion sportsman racing is & could be very valuable. Sprotsmen racing series, when combined with all the profit sources that weren't sold , could be very profitable.
There is more to this racing business than is shown on "Face Value"
If there was no value to it I would think Wally & the Boys would have sold it ALL as a package deal. It is my opinion they know they have a product that they can profit from, either by sale or working the product.

We will probably see a Sportsman series where we earn the rights to participate at these Pro events as filler. What a nice carrot to dangle in front of a bunch of racers that "Want to attend National Events"
What a great way to control participation at National Events & that adds another profit avenue that the sportsman has to pay for....

Adger Smith

this is the way it is nhra is a non profit org correct well therefor a nonprofit can not make money the pros are what made them the money so they had to sell now us sportsman guys will more than likly get screwd in the end but nhra will be sorry if they do because i see ihra growing by leaps and bounds over the next few years[:-smilearound-:][:-confused2-:]

sean ward
stk# 2882

It seems like a weird deal to split the NHRA national events off from the rest of it. IF they have sportsman classes at their Powerade events will all the current rules apply like the grade points and AHFS ?
Where does that leave the LODRS and the ones that race the little Oriental cars in the Sport Compact series? The new management would have no incentive to promote ties to these series at the national events.

The big show will be cut down to two days. Saturday will be qualifying and Sunday will be the finals. They will expand the ranks of the Pro's adding Pro Mod and using some imiganiation coming up with additional new classes.

Why cut the big show down to two days when they can put spectators in the seats for three days? It's all about the money.

In my opinion, they could use some re-branding and marketing efforts to make Alky classes the big draw that they should be for LODRS events in smaller markets. Some smart track ops have learned that they *can* draw spectators if they try.


Michael Beard
<u>Staging Light Graphic Design & Printing</u>
Duck Tape/Loctite Racing
H - I - J/CM '80 Volare 360 Magnum

I, for one, am all for separation from the pros,if it happens. More time to showcase the sortsman. Maybe get corporate america involved with our show. TV time is the key for bigger payouts and more prime time racing. I would hope Wally is not forgeting where this all started from and will do his best to preserve sportsman racing. The sportman show is a good show not long ago a trip to the dragstrip was a weekly occurance for alot of people and I don't mean racers. Handicap racing is not hard for the average person to understand if explained too. This could lead to the resurgence of the local track having big weekly shows.
Alot of people on this web site have been grumbling about how we are being treated and we need change, well here it is I hope it's for the best and I will think positive untill proven otherwise. I, like alot of other racers, have invested a mountain of time & money and choose to do this so I will make do the best I can.

tim w

To view this email as a web page, please follow this link


5/30/2007
Source: HD Partners Acquisition Corporation

NHRA ASSETS SOLD

HD Partners Acquisition Corporation Announces Proposed Acquisition of NHRA Pro Racing From the National Hot Rod Association

SANTA MONICA, CA--(MARKET WIRE)--May 30, 2007 -- HD Partners Acquisition Corporation ("HD Partners") (AMEX:HDP - News) (HDPU - News) (HDPWT - News) and the National Hot Rod Association ("NHRA"), the world's preeminent drag racing organization, today announced the signing of a definitive agreement under which HD Partners will acquire all of NHRA's professional racing assets, including the NHRA POWERade Drag Racing series, together with a broad set of rights to commercialize the NHRA brand. Upon consummation of the transaction, the acquired assets will be held in a wholly owned subsidiary of HD Partners named NHRA Pro Racing. The NHRA, which will remain a non-profit 501(c)(6) corporation, will retain all its non-professional racing, safety and educational activities and continue to be the sanctioning body for all NHRA racing activities, including the NHRA POWERade Drag Racing Series.

Eddy Hartenstein, Chairman and Chief Executive Officer of HD Partners, said, "We are extremely excited by this truly unique sports media and entertainment opportunity, which provides an ideal platform for our management team to leverage their skills and expertise in creating and marketing compelling entertainment experiences and building strong brands. NHRA President Tom Compton and his team have done a remarkable job positioning the NHRA POWERade Drag Racing series as one of the country's top motorsports events. We see tremendous opportunities in working closely with Tom, who will become President and CEO of NHRA Drag Racing, to take the sport of drag racing and the overall NHRA experience to the next level."

Wally Parks, Founder of the NHRA, said, "Today's announcement represents a monumental milestone in the 56-year history of the NHRA. By virtue of the agreements we have reached with HD Partners, we are positioning the NHRA POWERade Series for great future growth and success, while at the same time are assuring the long term vitality of the NHRA."

Upon closing of the transaction, Eddy Hartenstein will serve as Chairman of NHRA Pro Racing, and Tom Compton will assume the role of President and CEO and be a member of the Board. Robert Meyers, HD Partners' current Chief Financial Officer, will become the Chief Financial Officer of NHRA Pro Racing. Peter Clifford, currently Executive Vice President and General Manager of the NHRA, will become executive director of the NHRA, as well as a consultant to NHRA Pro Racing.

Dallas Gardner, Chairman of the Board of NHRA, said, "This transaction provides the best opportunity for NHRA to fulfill its core mandate to protect, preserve and promote the sport of drag racing. It provides long-term financial stability to the NHRA, an unhindered opportunity for the NHRA POWERade Drag Racing Series to flourish and grow, and an important strategic and long-term relationship between the NHRA and NHRA Pro Racing."

Tom Compton, president of the NHRA, said, "While we have made tremendous strides over the last eight years growing the professional side of the sport, today's announcement is the next logical step in the evolution of the sport of drag racing. This new relationship brings with it access to investment capital, additional expertise, relationships and complimentary skill sets to assist the current management team to drive key initiatives to accelerate the growth of the NHRA POWERade Drag Racing Series."

Under the terms of the agreement announced today, HD Partners will acquire:

-- The NHRA POWERade Drag Racing Series and all professional NHRA drag
racing assets and opportunities, including NHRA's existing television
broadcast agreement with ESPN;

-- An exclusive, worldwide, perpetual license to the NHRA brand for
professional drag racing activities;

-- Broad and extensive rights to commercialize the NHRA brand, including:

- Exclusive professional racing and "Official NHRA" sponsorship
and licensing rights;

- Exclusive media exploitation rights in broadcast television, home
entertainment and new media;

- Exclusive merchandising rights relating to both professional
racing and the stand-alone NHRA brand;

-- Four NHRA-owned race tracks, an additional long-term track lease in
Pomona, California and the NHRA headquarters building in Glendora,
California; and

-- A video and photo archive chronicling the history of drag racing,
which includes more than 20,000 hours of video and film.

The NHRA POWERade Drag Racing Series currently consists of 23 national events held at locations across the country. These multi-day events, which can draw as many as 125,000 spectators over three or more days, provide fans, racers and sponsors a unique ability to interact with each other through access to the racer pit area. In addition, NHRA's Nitro Alley display and interactive area located at each national event provides fans with a race-related entertainment experience, including the ability to get behind the wheel themselves in motorcycle and funny car simulators. All 23 national events are aired exclusively on ESPN2.

The NHRA will receive approximately $121 million in total consideration, consisting of approximately $100 million in cash, approximately $9.5 million in HD Partners common stock and the assumption by HD Partners of approximately $11.5 million in debt and liabilities. In addition to retaining its non-professional racing activities and sanctioning role, the NHRA will continue to offer its membership program and publish its weekly publication National Dragster. The closing of the asset purchase and related transactions is subject to stockholder approval, regulatory clearances and other customary closing conditions.

HD Partners will file a Current Report on Form 8-K with the Securities and Exchange Commission, which more fully describes the transaction.

In connection with the proposed acquisition, Morgan Joseph & Co. Inc. served as financial advisor to HD Partners and Latham and Watkins LLC were HD Partners' legal advisors. Duff & Phelps, LLC provided a fairness opinion to the HD Partners board of directors.

A nationally recognized investment banking firm provided a fairness opinion to the NHRA board of directors in connection with the transaction and Morrison and Foerster were the NHRA's legal advisors.


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Venice

sorry for the uplication I had not noticed eds post

Venice

Mr. Worner is correct. Now we race at our own events and probably get paid better for class wins. We are not supporting the pros any longer. They will stand alone. We may be racing at two day events, now that we don't need to wait for all that carnaval crapp.

just speculation but....... what of Nhra was on the verge of not being a non profit organization any longer and had to do something to avoid paying a ton of taxes.??? What if Bruton was so angry about not getting his way about buying Nhra that he raised the issue to the IRS on how they could be such a power,,,,,membership holders have no say and still be "non Profit"......Personally,,Id like to know the same ,,,How do you own so much property,,,pay yourself a large salary,,,,live the high life ,,own alot of property and membership dont have **** to say in it and still be non profit???.........Dollar to a Doughnut says ,,,,(if it ever comes out) there was some tax related issue that caused this,,,,,,,the original mission of nhra has long been abandoned and a multi million dollar money makin machine is what it is today.........IMO,,the split will allow the powers that be,,, cash in on the multi million dollar cash cow and the donation of the 100 million will allow the sportsman side to operate for years to come under the original mission statements of safety and fair play, and not raise any Irs questions,,,only time will tell I guess!!!