Exhibit 10.2

                            REVOLVING PROMISSORY NOTE


$1,000,000.00                                                  Phoenix, Arizona
                                                               November __, 2004


     FOR VALUE RECEIVED, the undersigned (hereinafter called "MAKER"),  promises
to pay to the order of COMERICA BANK, a Michigan corporation (the "PAYEE", Payee
and each  subsequent  transferee  and/or owner of this Note,  whether  taking by
endorsement or otherwise,  are herein successively called "HOLDER"), at Comerica
Bank,  Phelps Dodge Tower,  One North Central  Avenue,  Suite 1000,  10th Floor,
Phoenix,  Arizona 85004-4469,  or at such other place as Holder may from time to
time  designate in writing,  the principal sum of ONE MILLION AND NO/100 DOLLARS
($1,000,000.00)  or so much  thereof as Holder may advance to or for the benefit
of Maker plus  interest  calculated  on a daily basis (based on a 360-day  year)
from the date hereof on the principal  balance from time to time  outstanding as
hereinafter provided,  principal,  interest and all other sums payable hereunder
to be paid in lawful money of the United States of America as follows:

          A. Interest  shall accrue on the unpaid  principal of this Note at the
     Base Rate.

          B. All  accrued  interest  for the  preceding  month  shall be due and
     payable on each Interest Payment Date.

          C. The entire principal  balance,  all accrued and unpaid interest and
     all other amounts payable hereunder shall be due and payable in full on the
     RLC Maturity Date.

     The "RLC MATURITY DATE" means November __, 2005.

     The principal balance of this Note represents a revolving credit all or any
part of which may be  advanced to Maker,  repaid by Maker,  and  re-advanced  to
Maker from time to time,  subject to the other terms hereof and the  conditions,
if any,  contained in the Credit Agreement (as defined below), and provided that
the  principal  balance  outstanding  at any one time  shall not exceed the face
amount hereof.

     Maker agrees to an effective rate of interest that is the rate stated above
plus any  additional  rate of interest  resulting  from any other charges in the
nature of interest  paid or to be paid by or on behalf of Maker,  or any benefit
received or to be received by Holder, in connection with this Note.

     This Note is issued pursuant to that certain Credit  Agreement of even date
herewith  (the  "CREDIT  AGREEMENT")  by and between  Maker and  Holder,  and is
secured by the Security Documents,  as defined in the Credit Agreement,  and may
now or hereafter be secured by one or more other security agreements, mortgages,
deeds of trust,  assignments or other  instruments  or  agreements.  Capitalized
terms used and not otherwise  defined herein shall have the meanings assigned to
such terms in the Credit Agreement.
<PAGE>
     Time is of the essence of this Note.  There is no penalty for prepayment of
this Note.

     Maker shall pay all costs and  expenses,  including  reasonable  attorneys'
fees and court costs,  incurred in the  collection or  enforcement of all or any
part of this Note.  All such costs and expenses shall be secured by the Security
Documents.

     Failure of Holder to exercise any option  hereunder  shall not constitute a
waiver of the right to exercise the same in the event of any subsequent  default
or in the event of continuance  of any existing  default after demand for strict
performance hereof.

     Maker and all  sureties,  guarantors  and/or  endorsers  hereof  (or of any
obligation   hereunder)  and   accommodation   parties  hereon  (severally  each
hereinafter  called a "Surety")  each:  (a) agree that the liability  under this
Note of all parties hereto is joint and several; (b) severally waive any and all
formalities  in connection  with this Note to the maximum extent allowed by law,
including  (but not limited  to) demand,  diligence,  presentment  for  payment,
protest and  demand,  and notice of  extension,  dishonor,  protest,  demand and
nonpayment  of this Note;  and (c)  consent  that  Holder may extend the time of
payment or otherwise modify the terms of payment of any part or the whole of the
debt  evidenced by this Note, at the request of any other person liable  hereon,
and such  consent  shall not alter nor  diminish  the  liability  of any  person
hereon.

     This Note shall be binding  upon Maker and its  successors  and assigns and
shall inure to the benefit of Payee,  and any  subsequent  holders of this Note,
and their successors and assigns.

     All notices  required or  permitted in  connection  with this Note shall be
given at the place and in the manner  provided in the Credit  Agreement  for the
giving of notices.

     If any principal  payment and/or payment of interest is not received by the
Holder  hereof  within  fifteen  (15) days  after such  payment is due,  then in
addition to the remedies  conferred  upon the Holder  hereof,  whether under the
Credit Documents or otherwise,  a late charge of five percent (5%) of the amount
of the  installment  due and unpaid  will be added to the  delinquent  amount to
compensate the Holder hereof for the expense of handling the delinquency for any
payment past due, regardless of any notice and cure period.

     This  Note  shall be  governed  by and  construed  in  accordance  with the
substantive  laws (other than conflict laws) of the State of Arizona,  except to
the extent Holder has greater rights or remedies under Federal law, whether as a
national bank or  otherwise,  in which case such choice of Arizona law shall not
be deemed to deprive  Holder of any such rights and remedies as may be available
under  Federal  law.  Subject to the  provisions  of Section  10.7 of the Credit
Agreement,  each party  consents to the personal  jurisdiction  and venue of the
state courts located in Maricopa County, State of Arizona in connection with any
controversy  related to this Note,  waives any  argument  that venue in any such
forum is not convenient and agrees that any litigation  initiated by any of them
in connection  with this Note shall be venued in the Superior  Court of Maricopa
County,  Arizona.  The parties waive any right to trial by jury in any action or
proceeding  based on or  pertaining  to this Note,  the Credit  Documents or the
Security Documents.

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<PAGE>
     If any  provision of this Note  conflicts  with any provision of the Credit
Agreement, the provisions of the Credit Agreement shall control.

     This Note may be executed in multiple counterparts,  each of which, when so
executed, shall be deemed an original but all such counterparts shall constitute
but one and the same instrument.


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<PAGE>
     IN  WITNESS  WHEREOF,  these  presents  are  executed  as of the date first
written above.

                                             GLOBAL ENTERTAINMENT CORPORATION, a
                                             Nevada corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             WESTERN PROFESSIONAL HOCKEY LEAGUE
                                             INC., a Texas corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             INTERNATIONAL COLISEUMS COMPANY,
                                             INC., a Nevada corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             GLOBAL ENTERTAINMENT MARKETING
                                             SYSTEMS, a Nevada corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

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<PAGE>
                                             CRAGAR INDUSTRIES, INC., a Delaware
                                             corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             GLOBAL ENTERTAINMENT TICKETING, a
                                             Nevada corporation


                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

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