Bill Bader and Clear Channel
In 1998 the organization was purchased by Bill Bader who significantly expanded the promotion in the Great Lakes from his headquarters in Norwalk, Ohio. He sold the IHRA to Clear Channel Communications, but remained as president until his retirement in October 2004. The headquarters remain in Norwalk, which was once the site of the IHRA's flagship World Nationals event.
The IHRA is currently owned by Feld Entertainment, who bought the Motor Sports division of Live Nation, itself a spin-off of Clear Channel's live event business.
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