Skip to comments.NASCAR Is In Big Trouble As Team Values Continue To Shrink
Posted on 07/24/2014 6:28:49 AM PDT by driftdiver
Things are going well for NASCAR's top team, Hendrick Motorsports, which includes some of the sport's top drivers, including Jeff Gordon, Kasey Kahne, Jimmie Johnson, and Dale Earnhardt Jr. But a closer look at the value and profit of the other top teams reveals a sport that is trending in the wrong direction.
According to Forbes.com and its valuations of NASCAR's top nine teams, the current value of Hendrick Motorsports ($348 million) is relatively unchanged since 2010 ($350 million). However, the average team has seen a 31.1% drop in profit since 2010 which has translated into an average team value of $139.7 million, down 16.4% during the same span.
(Excerpt) Read more at finance.yahoo.com ...
Maybe we’re beginning to realize that Robert Heinlein was right about professional athletes and entertainers being mistaken for people of significance.
Nothing can grow forever. It may have just hit it’s plateau. But there are still a lot of NASCAR fans and I don’t see it going anywhere
What year was it that Moochelle and Biden’s old lady “grand marshals” at NASCAR?
Oh, it was 2011.
For a casual sports fan like myself, it is a hell of a lot more exciting to see awesome machines driving around the track aggressively and reaching a conclusion than it is to see sissy boys and cave men run around in shorts and not scoring anything.
Have they tried going fast and turning right for three hours?
Here’s a question I have for NASCAR fans...I used to have XM radio in my car, and it had not only a radio station named NASCAR, but also a second one named NASCAR2.
How in the world can there be so much to talk about this? I mean, when it is 2 am during off season, what are they going to talk about on NASCAR2?
The Sprint, Nationwide, Camping Truck Series and all the smaller circle track entities have
a limited supply of dollars to split amongst themselves. Ticket prices continue to rise and
the growth of home tv options can definetly impact their profitability. jmo.
Anytime you grow something by expanding your market into areas where cultural norms are vastly different, things will change.
I’ve started getting into F1 racing. The races aren’t so long and the cars are cool.
And how much is the "End Hunger" people paying to sponsor Jeff Gordon's car?
Gotta be at least 5 million a year.
If they just spent that much on feeding children, there'd BE no hunger. Ohhhhhhh. Wait a minute. I may have stumbled across something here.
And then you add to it that the cars all look the same. And absolutely NOTHING like what's on the road. Hard to build brand loyalty when you can't tell the brands apart.
And since you asked, the cars are more like slot cars than stock cars. With the huge rear spoiler and front air dam and side spoiler, you may as well just have the car owners drive the cars by remote control from the roof where the spotters stand.
Then there's the ticket prices. The last race we went to was about ten years ago and the tickets were 50 bucks. I can't imagine what they are today. The hamburgers were ten bucks (again, ten years ago), bottles of water were 4 dollars (and they took the caps off before they handed you the water). You could barely fit a stick figure in the "seats".
And then there's the announcers. Don't even get me started on the announcers. Too late. The announcers suck. They are so bored with what's going on on the track they don't even bother commenting when there is three-wide racing or a challenge for the lead or anything remotely connected to what's going on on the track at the time. Two laps after a lead change, they'll say something like, "Oh, looky there. Someone else is leading. We'll get back to you on that as soon as we spew a few more idiotic statistics and useless technical mumbo-jumbo."
Juan Pablo Montoya went back to Indy Cars.
The bottom line of NASCAR is boys that grow up to be men with families that have a love of the engine, the smell of gas and burning rubber, the thrill of near death experiences ... all of which are conditioned out of our boys.
I thank God for my two blue collar, motorhead sons that like to drink beer and do relatively harmless "hold m'beer" stunts.
I can’t help but notice that when boys were encouraged to be gearheads, there were a lot less of them doing drugs.
Maybe it’s more than coincidence...
My younger son got me into F1. He loves the complexity of the cars.
Hopefully. This is what free markets look like.
You nailed it. I used to have a 1970 Torino with the 429 CJ engine. The car was designed for NASCAR. The 1970 Fords on the track were just like mine, gutted and caged.
Toyota never built a pushrod V-8, but they race one in "stock car racing". All the cars have identical chassis. There is nothing stock in NASCAR.
That is why folks like me quit watching many years ago.
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