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
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