IHRA Scammers Fake Pouring $2 Million Purse and $650,000 Tow Money Into Offshore Racing Purses

Amazing how many People jumped in with both feet at the start of this fiasco. I mean hell...It's the Boating World....We've seen scam after scam

after scam...The whole thing is like an Oases in the Desert....Just a mirage.

One would think, after Professional Racing Offshore, (PRO), and World Powerboat Racing Association, (WPRA), that people would not jump in with any feet, let alone both like into this International Hotrod Racing Association. Like you say, scam after scam. Now this time, we are talking millions instead of 10's or 100's of thousands.

From June 12th;

How the IHRA Is Building a Bright Future for Drag Racing​

Unlike all of the previous owners of the IHRA, the current ownership has the ability to compete with the NHRA on a financial level.

So what is the future of the IHRA? From almost any point of view, the next decade looks pretty bright for the International Hot Rod Association. The IRG has hired some of the best and well-known executives from the drag racing world to run the business, something that wasn’t done in the past with previous owners. In addition to some well-known names on the IHRA management team, the IRG has a reported $40,000,000 line of credit. One bad year with too many rainouts isn’t going to bankrupt or stress the “new” IHRA. They apparently have the will and finances for the long haul.

This guy must have been paid by IHRA to write this in June......

Geez, what a scam.

Along with Cuttell himself, the IHRA is actually named in the suit.

That suit alleges that Darana and Cuttell overbilled Space xAI “by hundreds of millions of dollars while selling out their own suppliers and subcontractors along the way,” and “diverted money to Cuttell’s personal side projects,” which would be the IHRA drags etc. and 32 classes of Inshore and Offshore boat racing, drag boating, and Formula 1 boat racing.

This IRG deal mentioned in the article with a $40 million line of credit is confusing. Even more confusing than what we know about already.

IRG Sports + Entertainment Overview​

IRG Sports + Entertainment™ (IRGSE) was a leading marketer and promoter of sports and live entertainment experiences in the United States, Canada, Australia, and New Zealand. The company specialized in motorsports, drag racing, and related live events, operating multiple race tracks, sanctioning bodies, and driving experience programs.

Core Operations & Facilities
IRGSE owned and operated four motorsports facilities:

• Palm Beach International Raceway™ (PBIR) – West Palm Beach, FL
• Memphis International Raceway™ (MIR) – Memphis, TN
• Maryland International Raceway™ (MDIR) – Maryland, MD
• Cordova International Raceway™ (CIR) – Cordova, FL

It also managed three motorsport sanctioning bodies:

• International Hot Rod Association™ (IHRA)
• IHRA Australia™
• International Roll Racing Association (IRRA)

Financial Status
By September 2022, IRGSE had entered bankruptcy and liquidation, marking the end of its operations. Its assets and liabilities were settled through the process, and it is no longer active in the market.