NHRA roles for bankruptcy

Greenlight · 08-01-2020, 11:43 PM

Let's use some round numbers of the Covid NHRA:

***Income or income avoidance ***

40,000 licensed drivers at $150/yr. = $6,000,000 yr.

80,000 members (40,000 are lic. drivers) 40,000 x $70/yr. = $2,800,000 yr.

So far, they didn't have to do anything to get the $8.8M. My guess is the National Dragster pays for itself with the advertising, so that may be a wash.

Fees from member tracks (I have no idea what the franchise fee is)???

No $15M payout to Fox to broadcast National Events that only 400,000 people watch.

No huge payouts to TF and FC, and modest payouts to PS. The combined payouts in these classes far exceed an "spectator" income at the majority of races.

******** Expenses *********

Salaries of top brass and board of directors (see tax returns) $5,000,000
Salaries of administrative staff at national headquarters. ?
Salaries of Division Directors, division admin., tech inspectors ?

Rent, utilities, insurance, upkeep at National and Division offices ?
Rent, utilities, insurance, upkeep of tracks owned by NHRA ?

Taxes, legal fees, accounting fees,.... ?

Misc other expenses ?

No payouts in the sportsman classes (I suspect that NHRA makes $$ off the sportsman classes and takes in (entry fee plus crew passes) much more than they pay out, so this may be considered lost income.

Can anyone fill in the blanks on some of the expenses?

08-01-2020, 11:43 PM	#13
Greenlight Member Join Date: Dec 2004 Posts: 215 Likes: 16 Liked 79 Times in 22 Posts	Re: NHRA roles for bankruptcy Let's use some round numbers of the Covid NHRA: *Income or income avoidance * 40,000 licensed drivers at $150/yr. = $6,000,000 yr. 80,000 members (40,000 are lic. drivers) 40,000 x $70/yr. = $2,800,000 yr. So far, they didn't have to do anything to get the $8.8M. My guess is the National Dragster pays for itself with the advertising, so that may be a wash. Fees from member tracks (I have no idea what the franchise fee is)??? No $15M payout to Fox to broadcast National Events that only 400,000 people watch. No huge payouts to TF and FC, and modest payouts to PS. The combined payouts in these classes far exceed an "spectator" income at the majority of races. ****** Expenses ******* Salaries of top brass and board of directors (see tax returns) $5,000,000 Salaries of administrative staff at national headquarters. ? Salaries of Division Directors, division admin., tech inspectors ? Rent, utilities, insurance, upkeep at National and Division offices ? Rent, utilities, insurance, upkeep of tracks owned by NHRA ? Taxes, legal fees, accounting fees,.... ? Misc other expenses ? No payouts in the sportsman classes (I suspect that NHRA makes $$ off the sportsman classes and takes in (entry fee plus crew passes) much more than they pay out, so this may be considered lost income. Can anyone fill in the blanks on some of the expenses?