Len
Thanks for you post. You always try to keep us informed.
Gregg
$100M cash or $121M total seems like a lot of money (maybe not to a guy with your pockets, lol! ) but is it really a lot for what the buyers recieved? In todays market what can the real estate alone ( Indy, Gaineville Atlanta and Columbus ) be worth? Then add Pro series that NHRA has developed over the last 50 Plus years, plus other assets like the lease on Pomona. I'm a die hard sportsman racer like everyone else on this site, but I'm also a Drag Racing Fan especially of Pro Cars, Bikes and John Force. You have to give NHRA credit for building a hell of an organization. If they made some money more power to them, I believe it is the American way.
To others posting here and other threads:
We are members of NHRA not share holders. As I see it they owe us no monetary compensation. What happens to the money? I'm sure it goes to the owner/owners, again the American way.
I for one believe what Wally and Len have posted and feel good about it. Like many others everyday I walk in my shop I'm betting my making a living on NHRA sportsman racing. If I can,t stay positive I might as well pack up my **** and file for Social Security.
Dave Layer
|