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01-26-2011, 06:17 PM
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#1 |
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Veteran Member
Join Date: Jan 2002
Location: Central Florida
Posts: 5,844
Likes: 667
Liked 683 Times in 129 Posts
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Re: Who owns nhra ??????
Good question. Who was going to get the money from the aborted sale a couple of years ago? I bet it was going to go to the "members". Yeah, that's it, The "members" would get the money because NHRA is providing it's "members" with a servicing.... I mean service. Jim
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Jim Wahl....NHRA #2239 S/SS - IHRA # 8 Stock, D2 Stock Champion (forever I guess) 2019 Baby Gators Stock Champion 2009 NHRA D2 National Open Stock Champion 1982 NHRA D2 West Palm Beach LDRS SS Runner Up Past President, Southern Stock / Super Stock Association. 
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01-26-2011, 06:26 PM
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#2 |
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Junior Member
Join Date: Feb 2002
Location: Everett, Ma
Posts: 32
Likes: 27
Liked 3 Times in 1 Post
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Re: Who owns nhra ??????
Weren't the proceeds of the sale to go into a "trust fund" to allow future financial support of Sportsman and grass-roots racing?
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Paul Neal 119E TD/SC Dan Page 265" w/ Martin 632 6.490 @ 205.76 ...all motor! |
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01-26-2011, 06:32 PM
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#3 |
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Senior Member
Join Date: Jun 2007
Location: Rochester, NY
Posts: 619
Likes: 1
Liked 10 Times in 4 Posts
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Re: Who owns nhra ??????
A trust fund that Tom Compton was surely going to oversee and draw upon as necessary to pay various "bills".
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Jason Oldfield S/G & S/St 1838 |
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01-26-2011, 06:43 PM
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#4 |
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Senior Member
Join Date: Dec 2001
Location: Modesto, CA
Posts: 639
Likes: 90
Liked 549 Times in 94 Posts
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Re: Who owns nhra ??????
The Articles of Incorporation or Bylaws will state how the assets are distributed upon a dissolution. The assets would either be distributed to another tax exempt organization or to the members. As NHRA is a California corporation, any dissolution plan would have to be approved by the State Attorney General's office.
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Julie Jordan 7549 STK |
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01-26-2011, 06:58 PM
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#5 | |
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VIP Member
Join Date: Jan 2005
Location: Where the Green Grass Grows, AL
Posts: 2,375
Likes: 0
Liked 3 Times in 3 Posts
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Re: Who owns nhra ??????
Quote:
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Chad Rhodes 2113 I/SA |
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01-26-2011, 07:09 PM
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#6 |
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VIP Member
Join Date: Dec 2001
Location: Richmond Hill, Georgia
Posts: 2,003
Likes: 0
Liked 1 Time in 1 Post
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Re: Who owns nhra ??????
I normally don't wish anyone ill. But this time I pray the IRS does to them what they have been doing to us for years.
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Art Leong 2095 SS |
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01-27-2011, 02:13 AM
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#7 |
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Junior Member
Join Date: Jan 2011
Location: Asheville,N.C.
Posts: 54
Likes: 0
Liked 0 Times in 0 Posts
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Re: Who owns nhra ??????
Judging by the TV time he gets , must be John Force
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01-26-2011, 08:53 PM
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#8 | |
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Member
Join Date: Apr 2009
Location: Belle Vernon, PA
Posts: 288
Likes: 26
Liked 55 Times in 19 Posts
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Re: Who owns nhra ??????
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01-26-2011, 09:08 PM
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#9 |
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Veteran Member
Join Date: Nov 2001
Location: NOO JOISEY nexta NOO YAWK
Posts: 5,879
Likes: 38
Liked 100 Times in 45 Posts
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Re: Who owns nhra ??????
We need some sort of an organized group to represent our interests,not only racing related,to keep tabs on the way NHRA is being run.I don't know how well organized the pro side is,but it seems they get hosed as bad as us sometimes.And I'm sure some of the pros have connections to people in high places.These guys in Glendora can give the Mafia and CIA lessons in stealth management.
Maybe it's time to organize a new racers group(I hate calling it a union).
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Former NHRA #1945 Former IHRA #1945 T/SA |
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01-26-2011, 09:29 PM
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#10 | |
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VIP Member
Join Date: Dec 2001
Location: Richmond Hill, Georgia
Posts: 2,003
Likes: 0
Liked 1 Time in 1 Post
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Re: Who owns nhra ??????
Quote:
A non profit can get a loan. My homeowners association just borrowed 1.5 million to buy the golf course where I live.
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Art Leong 2095 SS |
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