CLASS RACER FORUM - Len Imbrogno.....Seriously now

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Thanks Dave, pretty much what we figured. Pretty much the only thing they could have done.
Now, just for some thought, here are some calculations for ya.

Lets say nhra throws a big party, and only 80 mil is left to invest.
Lets say they are very poor investors. Lets just say they stick the $$ in a bank, and draw 5% interest compounded only once a year.
At the one year mark, it becomes 84 mil.
At the 10 year mark it's roughly 130 mil.

Now at the minimum, and with poor investing, and at the one year mark, thats 4 million to help run the sportsman. ( interest only remember ).
Remember, this is up and above what we pay, which are stand alone figures as is.
At 100 mil, it's 5 million in the first year, and grows to 163 million in 10 years. By the way, any investor worth anything can easily double this per year.
So I for one am very happy for this new arrangement. Thank you to Wally Parks and the last 40 years of hard working racers.

Now can we talk about the purses ? The upgrades to our enhanced racing experience ? Can we throw in about 4+ million a year, up and above what our fees, dues and etc is, and not be ashamed to ask for a little more realistic pay schedule ?

Mike ( madness & ) Mayhem

Dave,

Invested..hmm wonder what that means? Knowing where the dough will go is interesting, but it is not as important as knowing what Sportsman racing will look like next year and beyond. Did Tom happen to mention anything about the Sportsman format?

If some of you racers want to follow Nat'l events to the so called next level you might wat to get a US passport.Go to Review Journal.com and scroll down.Where it says "Ameteur racers to stay part of Nat'l events".The new furtue owners see the expansion into 3 new markets in 3 years including Canada and MEXICO,our friendly neighbor who provides us with cheap labor.It's only getting better as it goes.

Ed F.
15 T/SA
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We are NOT customers. WE are the show. You must get over the customer mentality. The folks in the stands are the customers. They are there strictly to see racecars. We bring the racecars. And yes, the racers absolutely deserve more !

WRONG again! I hate to tell you, but Top Fuel, Funny Car, and Pro Stock are the show. We are what you would call the "grass roots".

Ive never seen the thousands of fans actually stay in the stands to watch stock or super stock, they go buy hot dogs and John Force T-Shirts.

More and more racers are acting like people should bow down to them because they are "the show". But we are far from the show, we are just a bunch of guys that show up to have fun... AHEM, we show up to make our millions running stock.

And yes, I will stick to my oildown rule statement. If you take care of your car 9 times out of 10 you should catch the problem before you tear it up. And if you really care you would race more IHRA, which I believe you do.

The main problem here is that everyone thinks that they DESERVE everything, and that they know how to run the show. Here is where the problem lies, you dont run the show. NHRA does.

Lee Norton
I/PS '02 Firebird 231 V6

Quote:

Yes, 501c not for profit orgs. DO in fact make a profit. And are legally allowed to do so. No company can exist without profit. Ask your bookeeper how a 501c works.

P.S. - I am an Accounting major at Radford University, I'm pretty sure I know how a 501c works. If you would like to know I can bring my Governmental and Not-for-Profit accounting book for you to look at.

There is no such thing as an "Income Statement" in a Not-for-Profit.

Lee Norton
I/PS '02 Firebird 231 V6

YEAH,MIKEY.....AND BEARD ,TOO!

Quote:

Oh, by the way, my church, my insurance carrier, my bank, and my grocery store are in fact required by law to post yearly reports as to where every red cent went that they spent, and that they took in...........just as is the nhra required to !

Mike ( madness & ) Mayhem

Go get a copy of NHRAs 501c Financial Statements and show me their Income Statement.....

Lee Norton
I/PS '02 Firebird 231 V6

Quote:

Lets say nhra throws a big party, and only 80 mil is left to invest.
Lets say they are very poor investors. Lets just say they stick the $$ in a bank, and draw 5% interest compounded only once a year.
At the one year mark, it becomes 84 mil.
At the 10 year mark it's roughly 130 mil.

Now at the minimum, and with poor investing, and at the one year mark, thats 4 million to help run the sportsman. ( interest only remember ).
Remember, this is up and above what we pay, which are stand alone figures as is.
At 100 mil, it's 5 million in the first year, and grows to 163 million in 10 years. By the way, any investor worth anything can easily double this per year.
So I for one am very happy for this new arrangement. Thank you to Wally Parks and the last 40 years of hard working racers.

Now can we talk about the purses ? The upgrades to our enhanced racing experience ? Can we throw in about 4+ million a year, up and above what our fees, dues and etc is, and not be ashamed to ask for a little more realistic pay schedule ?

Mike ( madness & ) Mayhem

I'd rather see NHRA take some interest on a deal like that and invest in the Junior Dragster stuff, or contribute it to a charity such as the Jegs Foundation rather than stick it in the round money pot.

NHRA is involved in a lot more programs than the Sportsman Round Money Contribution Fund.... All of which DESERVE the help more than the sportsman racer.

Lee Norton
I/PS '02 Firebird 231 V6

Sorry for the post whoring guys, feeling too lazy to cram it all into one.

Lee Norton
I/PS '02 Firebird 231 V6