[Mike Pearson]

The debt was most likely from the purchase of real estate ( race tracks owned by NHRA) and the updates, operating costs and repairs to those facilities.
Just because there is debt does not mean there was a problem. I wonder if the debt has been reduced under the new regime or has it increased. Last time I was at Gainesville there was a huge Remodel happening to the grandstands. I know that is not an out of pocket expense. I doubt if any of the actual racing related expenses created the debt.