Strange Engineering/NHRA dispute - Page 5

njk53 · 10-30-2014, 08:56 AM

Just like many successful businesses, the NHRA has grown significantly over the years and with that growth comes more employees and related operational expenses. If they cannot meet those expenses through event ticket sales, memberships, and race car fees they have to get creative as a means of meeting their financial obligations. That is the most likely reason their sponsorship program is set up the way it is. Unfortunately, they have chased away some pretty good sponsors.

On another note, I was told that all racers in the pro ranks do not have to pay admission to any of the NHRA events, is this true?

Adger Smith · 10-30-2014, 11:17 AM

Nelson,
Your PM box is full.

Myron Piatek · 10-30-2014, 12:00 PM

Quote:

Originally Posted by njk53

Just like many successful businesses, the NHRA has grown significantly over the years and with that growth comes more employees and related operational expenses. If they cannot meet those expenses through event ticket sales, memberships, and race car fees they have to get creative as a means of meeting their financial obligations. That is the most likely reason their sponsorship program is set up the way it is. Unfortunately, they have chased away some pretty good sponsors.

Sounds like the airline industry and their various little fees.

goinbroke2 · 10-30-2014, 12:01 PM

Personally I think it's a hold out that should be stopped.
Think about it, nhra was the "authority" that would make sponsors pay out, if you won and somebody didn't pay it would be a battle to get your money as a lowly individual. But by giving the money to nhra it would get to the racer.
Now,
Jump ahead 30-50 years..today there is internet and how many times have you seen on here "XXXX COMPANY WON'T PAY CONTINGENCY" Everybody kmows instantly and the company better pay or people get wise real quick and stop running the parts/decals.

So, what is the purpose of nhra now? To guarantee racers get their money? LOL (that even sounded funny typing it)

I say there is no reason for the money to go to nhra. (especially when they charge company's for the processing fee)
All company's post their contingencies (heck put it in ND and nhra can charge the companies $50 for a year long "ad" or whatever) You mail the company directly, they mail you a cheque. Or they can have a rep at the track to hand out the cheque etc.
For a company to have to pay $7K or more for the "priveledge" of giving racers money seems rediculous to me.

njk53 · 10-30-2014, 02:18 PM

I heard NASCAR is even worse. You better bring a wheelbarrow full of cash to have your products endorsed by them.

GUMP · 10-30-2014, 02:19 PM

Quote:

Originally Posted by goinbroke2

For a company to have to pay $7K or more for the "priveledge" of giving racers money seems rediculous to me.

They are charged for the opportunity to advertise and promote their products to NHRA members and at NHRA events.

How the NHRA runs the program is another story.

buzzinhalfdozen · 10-30-2014, 05:02 PM

Quote:

Originally Posted by njk53

Just like many successful businesses, the NHRA has grown significantly over the years and with that growth comes more employees and related operational expenses. If they cannot meet those expenses through event ticket sales, memberships, and race car fees they have to get creative as a means of meeting their financial obligations. That is the most likely reason their sponsorship program is set up the way it is. Unfortunately, they have chased away some pretty good sponsors.

On another note, I was told that all racers in the pro ranks do not have to pay admission to any of the NHRA events, is this true?

OK ,so who's business plan is this....let's grow the organization, oh wait a minute how are we gonna pay for it? This has played out in every city near us...all new schools, busses more teachers then WHAM OMG we need another levy passed, please support the schools. Same plan different wrapper.

Adger Smith · 10-30-2014, 05:45 PM

To add to what Joe said:
The operational policies of NHRA were set up way before any of the economy crunches hit or their growth demanded more people. One of the problems is the lopsided salaries some of the execs and past execs get. Most of the board is way over paid. Someone said there are a couple of double dippers, too. If you have ever seen any of their tax returns you could understand they are set up on Greed.

Scott Creed · 10-31-2014, 12:36 AM

Companies are better off sending some product and a hoodie to the guys on Street Outlaws. Way better exposure.

njk53 · 10-31-2014, 08:45 AM

It always seems with large organizations both public and private the more cash coming in, the more the people running the show help themselves to the goodies. There are executives here in Wayne County, (Detroit) that gave themselves a sweetheart deal where they get more money in retirement pension than they received in salary when they worked. This type of nonsense is what gets organizations in trouble. So what do they do, they charge more in taxes or for the products they sell. Wayne County at the moment is in big financial trouble.

10-30-2014, 08:56 AM	#41
njk53 Senior Member Join Date: Jul 2007 Location: East China, MI Posts: 504 Likes: 0 Liked 0 Times in 0 Posts	Re: Strange Engineering/NHRA dispute Just like many successful businesses, the NHRA has grown significantly over the years and with that growth comes more employees and related operational expenses. If they cannot meet those expenses through event ticket sales, memberships, and race car fees they have to get creative as a means of meeting their financial obligations. That is the most likely reason their sponsorship program is set up the way it is. Unfortunately, they have chased away some pretty good sponsors. On another note, I was told that all racers in the pro ranks do not have to pay admission to any of the NHRA events, is this true? __________________ Nelson Kowal Stock 345

10-30-2014, 11:17 AM	#42
Adger Smith VIP Member Join Date: Dec 2001 Location: Texarkana Ark/TX Posts: 2,446 Likes: 575 Liked 880 Times in 311 Posts	Re: Strange Engineering/NHRA dispute Nelson, Your PM box is full. __________________ Adger Smith (Former SS)

10-30-2014, 12:01 PM	#44
goinbroke2 Senior Member Join Date: Mar 2002 Location: NS CANADA Posts: 888 Likes: 1,597 Liked 387 Times in 151 Posts	Re: Strange Engineering/NHRA dispute Personally I think it's a hold out that should be stopped. Think about it, nhra was the "authority" that would make sponsors pay out, if you won and somebody didn't pay it would be a battle to get your money as a lowly individual. But by giving the money to nhra it would get to the racer. Now, Jump ahead 30-50 years..today there is internet and how many times have you seen on here "XXXX COMPANY WON'T PAY CONTINGENCY" Everybody kmows instantly and the company better pay or people get wise real quick and stop running the parts/decals. So, what is the purpose of nhra now? To guarantee racers get their money? LOL (that even sounded funny typing it) I say there is no reason for the money to go to nhra. (especially when they charge company's for the processing fee) All company's post their contingencies (heck put it in ND and nhra can charge the companies $50 for a year long "ad" or whatever) You mail the company directly, they mail you a cheque. Or they can have a rep at the track to hand out the cheque etc. For a company to have to pay $7K or more for the "priveledge" of giving racers money seems rediculous to me.

10-30-2014, 02:18 PM	#45
njk53 Senior Member Join Date: Jul 2007 Location: East China, MI Posts: 504 Likes: 0 Liked 0 Times in 0 Posts	Re: Strange Engineering/NHRA dispute I heard NASCAR is even worse. You better bring a wheelbarrow full of cash to have your products endorsed by them. __________________ Nelson Kowal Stock 345

10-30-2014, 05:45 PM	#48
Adger Smith VIP Member Join Date: Dec 2001 Location: Texarkana Ark/TX Posts: 2,446 Likes: 575 Liked 880 Times in 311 Posts	Re: Strange Engineering/NHRA dispute To add to what Joe said: The operational policies of NHRA were set up way before any of the economy crunches hit or their growth demanded more people. One of the problems is the lopsided salaries some of the execs and past execs get. Most of the board is way over paid. Someone said there are a couple of double dippers, too. If you have ever seen any of their tax returns you could understand they are set up on Greed. __________________ Adger Smith (Former SS)

10-31-2014, 12:36 AM	#49
Scott Creed Junior Member Join Date: Oct 2006 Location: Oklahoma Posts: 11 Likes: 0 Liked 0 Times in 0 Posts	Re: Strange Engineering/NHRA dispute Companies are better off sending some product and a hoodie to the guys on Street Outlaws. Way better exposure.

10-31-2014, 08:45 AM	#50
njk53 Senior Member Join Date: Jul 2007 Location: East China, MI Posts: 504 Likes: 0 Liked 0 Times in 0 Posts	Re: Strange Engineering/NHRA dispute It always seems with large organizations both public and private the more cash coming in, the more the people running the show help themselves to the goodies. There are executives here in Wayne County, (Detroit) that gave themselves a sweetheart deal where they get more money in retirement pension than they received in salary when they worked. This type of nonsense is what gets organizations in trouble. So what do they do, they charge more in taxes or for the products they sell. Wayne County at the moment is in big financial trouble. __________________ Nelson Kowal Stock 345