DerJager thank you very much for your feedback! I am also doubtful that it is for a bicycle race but more so for some kind of car or motorcycle race. Most likely NSKK related I would presume. The spokes could be just a symbol (background) of some kind or possible sunrays? I wished somebody else had some more information on it! Will have to wait and see if any additional information will surface. Thank you again! JME