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02-20-2015, 03:41 AM
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#1 |
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Senior Member
Join Date: Nov 2007
Location: Div. 6, Eastern, WA
Posts: 710
Likes: 2,671
Liked 240 Times in 112 Posts
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Re: Pro classes sold?
The article:
Rumor! NHRA sells three pro classes DRO has verified as fact that Tom Compton and the NHRA board hired a financial company in the Los Angeles area more than two months ago to package and sell the top three pro classes (Top Fuel, Funny Car and Pro Stock) to an entertainment company. The Agent has the name of the company but has been unable to contact them yet. DRO’s source said today that there is an entertainment company that has agreed to terms. We have been unable to verify that rumor as of 6 p.m. (Central) Wednesday, Feb. 18. Selling off their top three pro classes was one of the options that was discussed when Tom Compton tried to sell the NHRA to Direct TV majordomo Eddy Hartenstein and his HD Partners group back in 2007. Our source says the deal that NHRA made was essentially the same one they had in 2007 when an attempted sale fell through at the last minute. In the original deal NHRA would sell the pro classes and as part of the sale a large chunk of the buyout money would go to the NHRA to ensure that the sportsman part of the NHRA would continue on. As we understand it that is the same type of deal the new sale would be. The Agent always felt that selling off the NHRA top three pro classes wasn’t a viable or smart option since none of the racers in those classes works for the NHRA; they are all independent contractors who can race where and when they wish. On the other hand, maybe a professional entertainment group can sell nitro sponsorships better than the NHRA can. Stay tuned, this one could get interesting. [02/18/15]
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Dave Noll, EF/S ,?/SA 6526 |
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02-20-2015, 10:23 AM
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#2 |
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Member
Join Date: Mar 2012
Posts: 163
Likes: 5
Liked 3 Times in 1 Post
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Re: Pro classes sold?
sounds like a monster truck show. are there tax's to be paid on that ?
I think clear channel owns the monster truck show |
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02-20-2015, 12:44 PM
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#3 |
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VIP Member
Join Date: Dec 2001
Location: Pontiac,il.
Posts: 1,202
Likes: 284
Liked 974 Times in 195 Posts
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Re: Pro classes sold?
Didnt the Clear Channel used to own the IHRA?Im thinking NHRA got out of the management of the Pro classes so they could promote the Sportsmen racers more.There will be a Sportsmen TV show,more money for event wins.Contingency sponsors will be jumping back on the band wagon and who knows what else.LOL
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02-21-2015, 07:31 PM
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#4 |
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Member
Join Date: Mar 2012
Posts: 163
Likes: 5
Liked 3 Times in 1 Post
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Re: Pro classes sold?
still throwing darts
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02-22-2015, 11:30 AM
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#5 |
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Senior Member
Join Date: May 2010
Location: Raleigh NC
Posts: 637
Likes: 27
Liked 254 Times in 78 Posts
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Re: Pro classes sold?
I cannot believe that ANYBODY could make money in such a deal. And if there is no money to be made, it doesn't happen.
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Mike Moller NHRA 203 Q-R-T/SA |
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02-23-2015, 06:01 PM
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#6 |
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Senior Member
Join Date: Feb 2006
Location: Maryland USA
Posts: 533
Likes: 129
Liked 248 Times in 89 Posts
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Re: Pro classes sold?
Drag Racing Online reports that NHRA has retained Houlihan Lokey to assist them. They are a big deal company. Here's a list of some of their recent transactions:
http://www.hlhz.com/us/transactions.aspx Last edited by Mike Schwartz; 02-23-2015 at 06:02 PM. Reason: Removed duplicated text |
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02-23-2015, 08:17 PM
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#7 |
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Senior Member
Join Date: Oct 2006
Posts: 617
Likes: 311
Liked 687 Times in 198 Posts
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Re: Pro classes sold?
Rumor has it instead of a points championship the entertainment company will create a top 10 list in each category and travel around to different tracks to see who can move up or crack the list with plenty of posturing and off track antics. Of course there will be no track prep, only safety tech and run-what-ya-brung.
Hey wait ..... I might watch that! |
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