My daddy always said if it's too good to be true, then most likely it's not!
I had hoped the IHRA would grow so motorsports would have a great future in many different venues as they laid out in the beginning. Don't get me wrong NHRA does a great job for racing for many years but the new IHRA covered so many different venues for performance.
Yes, it would take multiple investments since it was so huge, kudos to the management for seeing a bigger picture. Unfortunately, something has happened to the investment lines of credit or cash flow.
I was sad to see so many things unravel so quickly for them, even though it did not involve DIESEL Motorsports at all. But for the sake of performance motorsports I was hoping it would work itself out for the future.
I knew some of the people who got dismissed the past months and it started to not look good, then last week happened. So what happens now?
Does another investment group buy what's left of the IHRA and what about the other motorsports/boating bodies it owned? As always the people who were owed monies or purses have a sour taste for future events. It is not good all the way around the industry!
Do I feel badly for the IHRA owners and investors? Yes, because once they had a vision that would excite everyone and now it may be gone. I'm sure there are many different reasons for the downfall that we can not see or understand but it hurts all the way around.
I am a optimistic person who always hopes for the best and somehow this works itself out. We do know it takes a lot of monies to make this happen, I personally know what it takes monetarily for events to happen. It has to be managed very carefully for a return on the investment and it is long term returns or side asset returns.
Can it work, absolutely! But one has to be patient and as many know investment companies are normally not patient. They want quick returns on their investments since so many are tugging on dividends.
What makes it work? The person in charge of the monies has to have a PASSION for motorsports! That is missing in today's investment owned performance companies, the passion for the sport.
The passion for the sport has to be there in order to see the bigger picture and how it not only effects the competitors, but also the manufacturers of the equipment for the sport - plus the fans!
Passion builds motorsports! . . . and of course money!

























