http://www.nhra.com/content/news/20723.htm
HD Partners Acquisition Corporation announces proposed acquisition of Professional racing from the NHRA
Under the terms of the agreement announced today, HD Partners will acquire:
The NHRA POWERade Drag Racing Series and all professional NHRA drag racing assets and opportunities, including NHRA's existing television broadcast agreement with ESPN;
An exclusive, worldwide, perpetual license to the NHRA brand for professional drag racing activities;
Broad and extensive rights to commercialize the NHRA brand, including: exclusive professional racing and “Official NHRA” sponsorship and licensing rights; exclusive media exploitation rights in broadcast television, home entertainment and new media; exclusive merchandising rights relating to both professional racing and the stand-alone NHRA brand; four NHRA-owned race tracks, an additional long-term track lease in Pomona, Calif., and the NHRA headquarters building in Glendora, Calif.; and a video and photo archive chronicling the history of drag racing, which includes more than 20,000 hours of video and film.
HD Partners Acquisition Corporation announces proposed acquisition of Professional racing from the NHRA
Under the terms of the agreement announced today, HD Partners will acquire:
The NHRA POWERade Drag Racing Series and all professional NHRA drag racing assets and opportunities, including NHRA's existing television broadcast agreement with ESPN;
An exclusive, worldwide, perpetual license to the NHRA brand for professional drag racing activities;
Broad and extensive rights to commercialize the NHRA brand, including: exclusive professional racing and “Official NHRA” sponsorship and licensing rights; exclusive media exploitation rights in broadcast television, home entertainment and new media; exclusive merchandising rights relating to both professional racing and the stand-alone NHRA brand; four NHRA-owned race tracks, an additional long-term track lease in Pomona, Calif., and the NHRA headquarters building in Glendora, Calif.; and a video and photo archive chronicling the history of drag racing, which includes more than 20,000 hours of video and film.