Stockholders Reject Deal To Buy NHRA

likearock00 · 01-31-2008, 04:51 PM

Stockholders of HD Partners Acquisition Corp. on Thursday rejected the firm's $122 million plan to buy the National Hot Rod Association drag-racing series and four racetracks.

HD Partners announced last May that it wanted to buy the NHRA's professional racing assets: the Powerade Drag Racing series, the TV contract with ESPN, four NHRA racetracks and a long-term lease on the track in Pomona, California, and the NHRA headquarters building in Glendora, California. NHRA was to keep its amateur racing assets.

In a statement, the NHRA said it would continue its operations and was not looking for another potential buyer in the near future.

http://www.autoweek.com/apps/pbcs.dl...8/newsletter02

Ambalanche · 01-31-2008, 05:51 PM

How does this pertain to GM?

skylark68 · 01-31-2008, 05:55 PM

Quote:

Originally Posted by Ambalanche

How does this pertain to GM?

Well, they race GM cars at those tracks...

likearock00 · 01-31-2008, 06:05 PM

It's motorsports news. Alot of GM enthusiasts are hot rod enthusiasts too.

usa1 · 01-31-2008, 06:32 PM

In case anyone cares, I'd vote to exclude any motorsports news on the news ticker unless it directly relates to GM.

Mark

funkietowne · 01-31-2008, 07:25 PM

This really could have helped to grow the series. It's too bad it fell through.

It is quite relevant to GM due to factory backed involvement ($$$) in several tiers of the NHRA. The amazing new LSx engines didn't just go from the drawing board to production... Think about the ecotec, GMPP, etc.

espo19047 · 01-31-2008, 07:28 PM

I like the NHRA. Pro Stock is my favorite.

GTOken · 01-31-2008, 08:00 PM

Quote:

Originally Posted by usa1

In case anyone cares, I'd vote to exclude any motorsports news on the news ticker unless it directly relates to GM.

Mark

And by the same token I would like exclude all the dumba$$ photoshop images posted. If its not factual (even a rumor) then it doesnt belong on any headline.

fastrehotrods · 01-31-2008, 09:15 PM

Well I'll chime in and say that I'm glad you posted this in the ticker, I wouldn't have found out otherwise. I am a GM guy, but a huge hotrodder first... I'm not the only one like this.

CamaroCrazy · 01-31-2008, 09:52 PM

Quote:

Originally Posted by fastrehotrods

Well I'll chime in and say that I'm glad you posted this in the ticker, I wouldn't have found out otherwise. I am a GM guy, but a huge hotrodder first... I'm not the only one like this.

Ditto.

drew630 · 01-31-2008, 10:00 PM

I think its better that the stockholder's didn't buy it. IMO, sometimes its better to stay small. Look at Nascar. They have grown so fast and have started to alienate some of its die-hard fans just to please corporate America.

drew630 · 01-31-2008, 10:15 PM

Quote:

Originally Posted by GTOken

And by the same token I would like exclude all the dumba$$ photoshop images posted. If its not factual (even a rumor) then it doesnt belong on any headline.

Second that.

CamaroCrazy · 01-31-2008, 11:32 PM

Quote:

Originally Posted by drew630

I think its better that the stockholder's didn't buy it. IMO, sometimes its better to stay small. Look at Nascar. They have grown so fast and have started to alienate some of its die-hard fans just to please corporate America.

I agree. Racing will continue this year as it has for the last 5 decades, and so far, so good. Don't mess with success and as long as the NHRA isn't on the brink, its good to leave it as is. (Except maybe get rid of that stupid Countdown points system.....but thats a different topic for a different forum

)

Ambalanche · 02-01-2008, 10:00 AM

Quote:

Originally Posted by skylark68

Well, they race GM cars at those tracks...

Doh! Really?

I was just making sure it wasn't GM wanting to buy them that's all. Sorry I didn't make myself clear.

61BelAir · 02-01-2008, 11:42 AM

I think its news worthy! I had no Idea this was happening! The Winternationals are coming up and I'm hoping to go! Gotta love top fuel!

01-31-2008, 04:51 PM	#1 (permalink)
likearock00 7.0 Liter LS7 V8 Join Date: Aug 2005 Location: NC Drives: 2006 Chevy Silverado Crew Cab Z-71 Posts: 7,883	Stockholders Reject Deal To Buy NHRA Stockholders of HD Partners Acquisition Corp. on Thursday rejected the firm's $122 million plan to buy the National Hot Rod Association drag-racing series and four racetracks. HD Partners announced last May that it wanted to buy the NHRA's professional racing assets: the Powerade Drag Racing series, the TV contract with ESPN, four NHRA racetracks and a long-term lease on the track in Pomona, California, and the NHRA headquarters building in Glendora, California. NHRA was to keep its amateur racing assets. In a statement, the NHRA said it would continue its operations and was not looking for another potential buyer in the near future. http://www.autoweek.com/apps/pbcs.dl...8/newsletter02 __________________ Banking establishments are more dangerous than standing armies. -Thomas Jefferson

01-31-2008, 05:51 PM	#2 (permalink)
Ambalanche 5.3 Liter Vortec V8 Join Date: Jan 2003 Location: Pensacola, Florida Drives: '07 Corvette Z51 Posts: 1,472	Re: Stockholders Reject Deal To Buy NHRA How does this pertain to GM? __________________ GM better hope the Volt is a runaway success, because *all* the eggs are in that basket!

01-31-2008, 06:05 PM	#4 (permalink)
likearock00 7.0 Liter LS7 V8 Join Date: Aug 2005 Location: NC Drives: 2006 Chevy Silverado Crew Cab Z-71 Posts: 7,883	Re: Stockholders Reject Deal To Buy NHRA It's motorsports news. Alot of GM enthusiasts are hot rod enthusiasts too. __________________ Banking establishments are more dangerous than standing armies. -Thomas Jefferson

01-31-2008, 06:32 PM	#5 (permalink)
usa1 6.0 Liter Vortec V8 Join Date: Jan 2003 Posts: 1,592	Re: Stockholders Reject Deal To Buy NHRA In case anyone cares, I'd vote to exclude any motorsports news on the news ticker unless it directly relates to GM. Mark

01-31-2008, 07:25 PM	#6 (permalink)
funkietowne 2.4 Liter ECOTEC Join Date: Dec 2005 Location: Top of the Corkscrew Drives: 1998 Riviera by Buick Posts: 117	Re: Stockholders Reject Deal To Buy NHRA This really could have helped to grow the series. It's too bad it fell through. It is quite relevant to GM due to factory backed involvement ($$$) in several tiers of the NHRA. The amazing new LSx engines didn't just go from the drawing board to production... Think about the ecotec, GMPP, etc. __________________

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01-31-2008, 07:28 PM	#7 (permalink)
espo19047 6.0 Liter Vortec V8 Join Date: Jan 2004 Location: Philadelphia suburbs Posts: 1,704	Re: Stockholders Reject Deal To Buy NHRA I like the NHRA. Pro Stock is my favorite. __________________ Personalize your GM vehicle! click here: http://www.reedmantoll.com/ou/langho...s_parts_estore Visit me: http://mysite.verizon.net/vze3ttrj/s...rgerchevrolet/

01-31-2008, 09:15 PM	#9 (permalink)
fastrehotrods 1.8 Liter ECOTEC Join Date: Dec 2004 Posts: 45	Re: Stockholders Reject Deal To Buy NHRA Well I'll chime in and say that I'm glad you posted this in the ticker, I wouldn't have found out otherwise. I am a GM guy, but a huge hotrodder first... I'm not the only one like this.

01-31-2008, 10:00 PM	#11 (permalink)
drew630 6.2 Liter Vortec V8 Join Date: Aug 2005 Location: Pulaski TN Drives: 04 Silverado Z71 Posts: 2,809	Re: Stockholders Reject Deal To Buy NHRA I think its better that the stockholder's didn't buy it. IMO, sometimes its better to stay small. Look at Nascar. They have grown so fast and have started to alienate some of its die-hard fans just to please corporate America. __________________ My Current Ride: 2004 Z71 Silverado Family: Father 2007 Solstice, Mother 2003 Envoy XL & Bro 2004 Z71 Silverado

02-01-2008, 11:42 AM	#15 (permalink)
61BelAir 5.3 Liter Vortec V8 Join Date: Dec 2004 Location: California Drives: 07 Colorado and 61 BelAir Posts: 1,258	Re: Stockholders Reject Deal To Buy NHRA I think its news worthy! I had no Idea this was happening! The Winternationals are coming up and I'm hoping to go! Gotta love top fuel!

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