Ihra newest purchase
- Thread starter Butch
- Start date
justafan
Nitro Member
No surprise here. VMP was on that initial list of tracks that the IHRA supposedly in negotiations with earlier this year. Tyler Crossnoe, the VP of VMP and PDRA Race Director, posted last week about his last walk down the track. I also recall hearing that one of the concessions of the deal was that the IHRA will not race Pro Nitrous, which is one of the PDRA of its premier classes. We'll see.
Dennis
Nitro Member
Looking at the purchase of Maple Grove, the purchase was mortgaged, but the seller received cash. These transactions are public information so no need to come on after every IHRA transaction and wonder "where is the money coming from" or "what's the 10 year plan"
This isn't Evan Knoll version 2. Big difference between a guy who owns a gas station and a guy who owns a nationwide industrial contracting service.
mick
Nitro Member
re: joe seibels post: purchase of atlanta: today 2/18/26
......and the IHRA nitro series finals are scheduled there oct. 22nd thru 24th.
IMO this is really an odd story. NHRA sells it and presumably uses it for improvements elsewhere (indy tower).
demolish the tower and sell the bleachers. now we'll watch IHRA rebuild it and gain a great foothold in the atlanta market.
not saying the SGMP event won't be great for the NHRA, but this is a weird one, especially as the initial reports after sale
were rezoning for new residential and commercial retail for the rapidly growing population from the south korea
battery plant right down the hwy.
......and the IHRA nitro series finals are scheduled there oct. 22nd thru 24th.
IMO this is really an odd story. NHRA sells it and presumably uses it for improvements elsewhere (indy tower).
demolish the tower and sell the bleachers. now we'll watch IHRA rebuild it and gain a great foothold in the atlanta market.
not saying the SGMP event won't be great for the NHRA, but this is a weird one, especially as the initial reports after sale
were rezoning for new residential and commercial retail for the rapidly growing population from the south korea
battery plant right down the hwy.
1) There is a difference between getting a mortgage and being able to service a mortgage.
2) Do you have a link to the public record for Maple Grove? I have checked with the Recorder of Deeds website, but cannot find it.
3) Evan Knoll told everyone he had an oil and fuel company. No one knew it was just a gas station until everything fell apart.
4) There have been far bigger frauds committed in business than this.
5) National contracting businesses have failed. Larger corporations than Darana have failed.
I will just keep going back to the old saying, "If it seems too good to be true, it probably is."
Dennis
Nitro Member
Also, I stand corrected, the mortgage is with KPK of Berks LLC (aka Koretsky). The information is on the Berks County Register of Deeds page. I don't know about the other track purchases, I don't have the time (or the energy) to track all of them down.
The bottom line is that drag racing is at a crossroads. Option a is to do nothing. Option b is to vertically integrate. The product is stale and interest is waning. Profit being taken at every step of the process is not helping out the local vendors, drag strips, etc. Something needs to be done. I'm not saying IHRA is the be-all-end-all but to bury your head in the sand and say "everything's OK in drag racing today" is disingenuous.
The bottom line is that drag racing is at a crossroads. Option a is to do nothing. Option b is to vertically integrate. The product is stale and interest is waning. Profit being taken at every step of the process is not helping out the local vendors, drag strips, etc. Something needs to be done. I'm not saying IHRA is the be-all-end-all but to bury your head in the sand and say "everything's OK in drag racing today" is disingenuous.
luxexpress
Nitro Member
Then you can just go back to the NHRA and the IHRA will probably disappear from relevance again. Maybe just enjoy it while it lasts. If Maple Grove and VMP are more valuable being used for something else then it was going to happen sooner or later. I generally try to stay positive about things until I have solid reasons not to be. Looking forward to the events at Empire and Maple Grove this year at least.
I agree that drag racing needs to change if it is to survive. You can call it "vertically integrating" if you want, but I see it as one person's money and interest in the sport taking over too many of the facilities. If his situation changes, or there is a different long-term plan for the land, many people could be taken down.
Ken Koretsky was, and may still be, one of the largest landowners in Pennsylvania. If anyone knows what would be possible with the land Maple Grove sits on, it is him.
Steve Wayne
Nitro Member
Some of you guys are the girlfriend that treats the new guy like a liar and cheater without giving him a chance to prove that he isn’t, all because the last guy was.
And others are naive and think what has happened before will never happen again.
Sure, there is a long history of business scams, but this time it will be different.
There is a long history of businesses that have expanded too quickly and overextended themselves, but this time it will be different.
History never repeats itself, right?
If it looks too good to be true, it probably is true, right?
I am having a sale on bridges. Buy two, get one free. Interested?
Steve Wayne
Nitro Member
Nobody is saying history doesn’t repeat itself, but I don’t see the history comparison you do apparently. The naysayers seem to be hung up on the Evan Knoll fiasco, but they are not even remotely the same situation. Regardless of the outcome 10 years down the road, would anyone be racing at Memphis in 2026? Or Atlanta? Enjoy the present, I may be wrong several years down the road, and you may be wrong, we don’t know, but what we do know is in 2026 we are gonna have some badass nitro racing at some great tracks that we wouldn’t have had if not for Darryl.
