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NHRA Sold

This is a discussion on NHRA Sold within the NHRA forum, part of the Pit Area category; ::: Drag Racing Online ::: NHRA Assets Sold - 5/30/2007 So far only 1320 is reporting this, so who knows about ...


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  #1  
Old 05-30-2007, 04:33 PM
Alan Loder's Avatar
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What??????????????

::: Drag Racing Online ::: NHRA Assets Sold - 5/30/2007

So far only 1320 is reporting this, so who knows about the validity....
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  #2  
Old 05-30-2007, 04:36 PM
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NHRA Sold

Per Drag Racing Online NHRA Pro series has been sold to a group, with most NHRA board members being members of the purchasing group. Let the discussions begin!
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Old 05-30-2007, 04:37 PM
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Re: What??????????????

Certainly looks legit, Alan.

Wow..I'm in shock at the moment..I guess because I don't know what this truly means..LOL.
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  #4  
Old 05-30-2007, 04:41 PM
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Re: NHRA Sold

Here's the link.

::: Drag Racing Online ::: NHRA Assets Sold - 5/30/2007
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Old 05-30-2007, 04:44 PM
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Re: NHRA Sold

Well I was all for Bruton buying it but I dont know about this. We will see. In my opinion they cant do worse advertising and marketing wise.
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Old 05-30-2007, 04:44 PM
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Re: What??????????????

interesting, I don't want to post that link elsewhere until NHRA officially announces it, which is not done on their site at least for now.

But it is very interesting.

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Old 05-30-2007, 04:45 PM
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Re: NHRA Sold

It's on Google Finance too... HDP - HD Partners Acquisition Corporation - Google Finance


WOW....
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Old 05-30-2007, 04:46 PM
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Re: What??????????????

If you look up that company on google its says they acuired it today.
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  #9  
Old 05-30-2007, 04:47 PM
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Re: NHRA Sold

HD Partners Acquisition Corporation Announces Proposed Acquisition of NHRA Pro Racing From the National Hot Rod Association: Financial News - Yahoo! Finance

Wonder where the $121 million in cash and stock go to?????
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Old 05-30-2007, 04:48 PM
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Re: NHRA Sold

Who gets the $100 Mil? (Ya treed me, J.C. )

And why NO word on the site??

Not sure, but why does this seem like a dark day now?
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Last edited by Martin Thomas; 05-30-2007 at 04:51 PM. Reason: I got treed...
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  #11  
Old 05-30-2007, 04:50 PM
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Re: What??????????????

Now you have to really wonder why they would not sell to Bruton Smith, who would probably have done wonders for the sport.
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  #12  
Old 05-30-2007, 04:52 PM
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Re: NHRA Sold

Kaching!!!! for the suits!

Not the changes I was hoping for.

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Old 05-30-2007, 04:52 PM
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Re: What??????????????

Any guesses how this will impact the sportsman side of NHRA Drag Racing since it sounds like the purchase includes only the Pro parts of NHRA
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  #14  
Old 05-30-2007, 04:53 PM
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Re: NHRA Sold

One thing for sure, it's a cash out. Also, that is the only way that these guys would have sold it, was to be brought over to the new board, something that they probably could not work with a Bruton Smith buyout. Not sure if that is such a bad thing, can you imagine a buyout with even less adequate at the helm.
With that said, it should only lead to growth for the sport. I cannot see a company buying the Sanctioning body without the intent to grow it.
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  #15  
Old 05-30-2007, 04:53 PM
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Cool Re: NHRA Sold

If I'm an NHRA member do I get a cut of the $100 mil in cash that's part of the transaction? Seriously, this is one confusing deal. NHRA will remain a non-profit . If it doesn't lead to bigger purses and thus more cars, what's the point.
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