July 09, 2019, 09:46 AMfivecentcharlie
new owner for next year of NHRA?
Originally posted by Joe Burkleo:
Bruton Smith was interested at one time. That's just pocket change for him.
The not for profit tax status may be his biggest benefit. The tax savings of running Speedway Mortosports under the NHRA banner could very well make up for the cost of the purchase in very short order.
Most major sports organizations including NFL and MLB are also not for profit non tax paying organizations. Most major sports organizations including NFL and MLB are also not for profit non tax paying organizations.
MLB gave up its non-profit status in 2007, NFL in 2014. NBA has never been non-profit. And, while MLB and the NFL as overarching entities were
registered as such, the individual teams have ALWAYS been private, for-profit businesses (except the Green Bay Packers which are publicly owned).
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