quote:

Originally posted by ferndaleflyer:
Look what happened to IHRA when it was bought out by an investment group.

quote:

Originally posted by David Covey:

quote:

Originally posted by ferndaleflyer:
Look what happened to IHRA when it was bought out by an investment group.

I would opine it started when Bader sold out. When Bader bought IHRA it took off like a rocket, after he sold it has been a steady decline.

My opinion..

Dave

quote:

Originally posted by ferndaleflyer:
Covey, maybe! But I seem to remember that when IRG bought that mess they had like 120 member tracks and owned 5 out right. As far as I know they only own 1 for sure now and their racing program has about dissolved. That may not be accurate but its close.

quote:

Originally posted by maliciousintent:
Like Ed has stated, this does not affect me. Same here. Quit buying from Jegs years ago, to much Chinese shyt and poor service.

Mike Greene

quote:

Originally posted by David Covey:

quote:

Originally posted by ferndaleflyer:
Covey, maybe! But I seem to remember that when IRG bought that mess they had like 120 member tracks and owned 5 out right. As far as I know they only own 1 for sure now and their racing program has about dissolved. That may not be accurate but its close.

IRG started hemorrhaging money the day they got talked into remodeling the old Moroso. Every big shot they had on board got a piece of the pie. They came, they pilfered and they left. Mister Grey loafers Ritten something, Comp you screw who sold them some used bag o sh it timing system and scoreboards, The jackwagon who designed the stupid layout, all the big shots Deez, and who the fk cares who else. Every one of the turdbags that had their hands in the IRG pie took what they could get. Feld that sold them a bag o garbage worn out trucks and trailers at the direction of those same idiots that controlled IRG. The involvement of borrowing big money from investors to keep feeding the monster. Danm near any contractor that worked on that tracks remodeling got the shaft money wise. Beautiful Musco lighting that makes the meter spin off its axis, They say $100 bucks an hr to run the dragstrip side. No wonder they switched to daytime crap. BUt now just about all the holdings are gone, you can make book on the investment group is fat and happy, with Selling off Cordova, MIR, and now PBIR for an undisclosed sum at least above 50 million, but purportedly closer to 90 mil. That Honk Kong owner has got to be exstatic.
Yep HONG KONG owner. Just go through the filings
on Sunbiz.org. You can find it, it's all there in reports. Overseas corp, registered in Delaware owns, or owned the whole shebang. They just got wrapped up with the aforementioned borrowing of $35 mil some years ago from the investment group whos name escapes me, but it was sold or merged with First Street Financial last year I believe, and I think that was the end. They wanted their money, as it has been many years since the 35 mil was borrowed and it was not paid back.

Fern,
You are correct.
Bader stepped down in 2004, I'm just saying they have been on a downhill slide since then. Major sponsors lost and the changing hands multiple times to redesigning the series trying to out NHRA the NHRA. They actually had a damn good series that (I think) was better already. They just could not seem to get the sponsor money to follow them. I honestly think they just did not put forth the effort in that area.

My opinion, others may vary.

Dave

quote:

Originally posted by Bad News:

quote:

Originally posted by David Covey:

quote:

Originally posted by ferndaleflyer:
Covey, maybe! But I seem to remember that when IRG bought that mess they had like 120 member tracks and owned 5 out right. As far as I know they only own 1 for sure now and their racing program has about dissolved. That may not be accurate but its close.

IRG started hemorrhaging money the day they got talked into remodeling the old Moroso. Every big shot they had on board got a piece of the pie. They came, they pilfered and they left. Mister Grey loafers Ritten something, Comp you screw who sold them some used bag o sh it timing system and scoreboards, The jackwagon who designed the stupid layout, all the big shots Deez, and who the fk cares who else. Every one of the turdbags that had their hands in the IRG pie took what they could get. Feld that sold them a bag o garbage worn out trucks and trailers at the direction of those same idiots that controlled IRG. The involvement of borrowing big money from investors to keep feeding the monster. Danm near any contractor that worked on that tracks remodeling got the shaft money wise. Beautiful Musco lighting that makes the meter spin off its axis, They say $100 bucks an hr to run the dragstrip side. No wonder they switched to daytime crap. BUt now just about all the holdings are gone, you can make book on the investment group is fat and happy, with Selling off Cordova, MIR, and now PBIR for an undisclosed sum at least above 50 million, but purportedly closer to 90 mil. That Honk Kong owner has got to be exstatic.
Yep HONG KONG owner. Just go through the filings
on Sunbiz.org. You can find it, it's all there in reports. Overseas corp, registered in Delaware owns, or owned the whole shebang. They just got wrapped up with the aforementioned borrowing of $35 mil some years ago from the investment group whos name escapes me, but it was sold or merged with First Street Financial last year I believe, and I think that was the end. They wanted their money, as it has been many years since the 35 mil was borrowed and it was not paid back.

Don't look for IHRA to be around for too long. Rented space in a Hi rise office bldg in Palm Beach, I think they already moved from the upper floors to the basement so to speak, and without any income except membership fees it may just be the final flush. They have nothing to sell you know, they own no physical property (IHRA)

My opinion, others may vary.

Dave

quote:

Originally posted by fivecentcharlie:
A bit of resurrection of an old thread, but on yesterday's NHRA show, they mentioned that Jeg's would not be back as a sponsor on Troy Coughlin Jr's PS car next year. Can't say I'm surprised, but damn....

quote:

Originally posted by 442OLDS:

quote:

Originally posted by fivecentcharlie:
A bit of resurrection of an old thread, but on yesterday's NHRA show, they mentioned that Jeg's would not be back as a sponsor on Troy Coughlin Jr's PS car next year. Can't say I'm surprised, but damn....

If they aren't doing that,I wonder if there still will be a Jeg's All Stars?