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Old 09-16-2014, 02:31 PM   #1
Mike Pearson
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Default Re: Tom Compton Interview on DRO

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.
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Old 09-16-2014, 04:03 PM   #2
Gary Smith
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Default Re: Tom Compton Interview on DRO

Quote:
Originally Posted by Mike Pearson View Post
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.
I was always under the belief true debt is when capital expenditures are way beyond net profit (like 10x) before bottom line loss. And being a 501C org, I was under the impression all "profit" is classified as "surplus" which needs to go back into the organization anyway.

Fuzzy math?
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