The importance of having a Plan B

It is all considered Revenue.

The most recent Tax Return available is 2022.

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Either way he has fully funded IHRA for the next ten years with no additional income needed,

You keep saying this (in about every other post), but where is the proof and who stated it officially? BTW, I have a $1 billion portfolio and my life is funded for the next 100 years.....it's true because I said it's true :p
 
You keep saying this (in about every other post), but where is the proof and who stated it officially? BTW, I have a $1 billion portfolio and my life is funded for the next 100 years.....it's true because I said it's true :p

Sorry I won't mention it again.......................
 
I think the purchase of almost 10 racetracks in one year, plus all the other actions in 2025 point to a set of deep pockets.
Why are so many jealous or resentfull of what this guy is doing? Don't we want to see more choices and more money for the racers?All I hear from racers at the events is how well they are being treated and how much fun they are having. Sounds like a win/win.
 
I think the purchase of almost 10 racetracks in one year, plus all the other actions in 2025 point to a set of deep pockets.
Why are so many jealous or resentfull of what this guy is doing? Don't we want to see more choices and more money for the racers?All I hear from racers at the events is how well they are being treated and how much fun they are having. Sounds like a win/win.
Is it jealousy, or people remembering how every other car had Torco sponsorship.. then poof.
 
I believe that the Torco fiasco has us all tainted a bit when someone comes around and just starts tossing $$ around like a drunken sailor.
My grandpa always said a fool and his money soon part.
I'm hopefully wrong on the IHRA thing. It's a perfect setup for the lower budget teams.
 
I think the purchase of almost 10 racetracks in one year, plus all the other actions in 2025 point to a set of deep pockets.
Why are so many jealous or resentfull of what this guy is doing? Don't we want to see more choices and more money for the racers?All I hear from racers at the events is how well they are being treated and how much fun they are having. Sounds like a win/win.
Yes, almost every time I mention I'd like to see a certain racer run IHRA, it's met with criticism. It's like they take it personally.i was at Dunn in Nov and going back in March, I didn't hear anybody complaining.
 
Native American owned may have something to do with it.
The link I shared wad the NHRA 2022 Tax Return. Darana Hybrid, Inc. is Native American owned and operated.
 
I think the purchase of almost 10 racetracks in one year, plus all the other actions in 2025 point to a set of deep pockets.
There are many examples of businesses that went on an acquisition spree only to be unable to handle paying the debt down the road.
 
Native American owned may have something to do with it.
That's NHRA's tax return. Darana Hybrid is Native American owned.

Remember who else was funded with government money?
 
There are many examples of businesses that went on an acquisition spree only to be unable to handle paying the debt down the road.
Very true but in this case I'm not sure how much debt there is. It feels like he's paying cash for the assets, and is putting/has put funds away for future growth/expenses.
If it works ( no reason it shouldn't) he's a genius and keeps drag racing thriving.
 
Very true but in this case I'm not sure how much debt there is. It feels like he's paying cash for the assets, and is putting/has put funds away for future growth/expenses.
Yes, this would be a good question. How leveraged are all these track purchases, if at all? From all the posts on this topic, one would assume he is writing checks to pay in full for the race tracks. Plus how much money is he going to spend upgrading and maintaining these facilities? I guess we will see how it all plays out in the next year or two.
 

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