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IHRA Scammers Fake Pouring $2 Million Purse and $650,000 Tow Money Into Offshore Racing Purses
- Thread starter Serious News
- Start date
Ratickle
Founding Member / Super Moderator
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.
Ratickle
Founding Member / Super Moderator
From June 12th;
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......
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......
Ratickle
Founding Member / Super Moderator
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.
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.
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