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.
Why would anyone follow a particular driver when it's a crap shoot from the get go?
In my opinion, the France family has ruined racing.
Is bump drafting still allowed?
Professional sports is far from free markets, but isn’t immune from its rules.
Is that the series where they run sport compacts in the same race as the big boys? I tried watching it a few years back. The announcers dissed the Mustangs constantly while talking up the German scrap metal. The sport compacts kept causing wrecks so most of the race was under a yellow flag. I gave up.
Same series, but the Camaro’s are actually pretty dominant at the moment, depends on the track though.
....the fact I don’t have satellite or (yuck) Comcast means I don’t have NASCAR ......
Try wiziwig, not the best quality, but its free.
Good for you.
It’s not the same as it was a decade or two ago, but it’s the cutting edge of technology.
Fastest NASCAR pit stop: 8 seconds
Fastest F1 pit stop: 2.3 seconds
JPM - sheese! He’s my idea of a wuss.
Quit F1 mid-season after he crashed into his teammate.
Changing 4 tires in two and a half seconds, stop to start. Its amazing to watch.
I have a picture from the 2005 season on the wall. A Mustang leading a Porsche and a BMW through a corner. That was a good year for the Mustang.
Concise and backed by fact. You are absolutely correct, knarf. Hell, nowadays kids don't want to get their driver's license at 16. I have a 22 year old cousin who still doesn't have her driver's license. She just doesn't want it.
Can anyone make this connection?:
There was a time when F1 cars were much cooler than they are today. The 3-liter era (1966-1982) springs to mind, as well as the late ‘80s/early ‘90s active-everything era.
“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.”
Well, sort of. NASCAR’s cars of that era used the stock bodywork, but tube-framed cars began appearing in NASCAR around the mid-’60s.
The cars are pretty cool now. The science behind the performance is amazing.
True, but I sure do miss the sound of Cosworth DFV’s and Ferrari flat-12’s. Heck, I even sorta miss the sound of the BMW/Megatron turbo four, even though its exhaust sounded like a well-executed fart.
Yeah, but the sport is born of rednecks, played by rednecks, and watched by rednecks, so NASCAR is pretty damned stupid to be going all NAACP and gay-rights on everyone. The lack of interest among blacks in stock-car racing is no reason to call your own fan base a bunch of ignorant racists.
This season as usual is a bit of a mess up with any big rule change but they'll adjust as always. At least they're really hard to drive. :-) It's fun watching them get sideways out of every corner.
Unfortunately Hungary is this weekend is always a snorer of a race. I think they just go there for the prostitutes. At least qualy should be good.
Those too! I just can’t afford a McLaren. Yet.
It is no longer stock car racing. Without the connection to the cars Americans drive every day the magic is gone.
Gee, maybe NASCAR needs to get a gay driver and hype him up, like the NFL is with Michael Sam. /s
I saw more rubbing in the last F1 race in Germany than I've seen in some recent NASCAR races. Open wheels and connecting with the guy next to you can certainly increase the old pucker factor. Massa's seat probably came out of the car when he did, and had to be pried loose, after his roll-over. I also liked F1's decision on that crash, his fault, no further action necessary.
NASCAR itself has gotten to big for their heads. It’s all money driven nowadays. Watching a local short track is just as much fun for me.
Apples and oranges. NASCAR has two guys per wheel, and 5 lugs each and refule. F1 has three guys on each wheel and one nut per wheel and no fueling.
NASCAR is pretty damned fast when you actually compare what they have to do.
Hendrix, Gibbs, Trickle, Sabatas, have all had their problems with political targeting.
refule. sheesh. Refuel.
“The 3 liters were great, but they were almost hitting 1000hp and had a ton of downforce. I was skeptical of the 2.4L V8’s, but man they screamed.”
Sounds like you’re thinking of the 3L V10 engines of the late ‘90s and early ‘00s. And those were indeed awesome. I was actually talking about the mid-’60s through the early ‘80s. In those days you had V8 engines, V12’s, flat-12’s, and even a 16-cylinder BRM engine for a couple of years!
It was also during this time that F1 cars began using wings, and just about anyone with enough money could build their own car around a Cosworth DFV and a Hewland transaxle.
Well, there HAVE been rumors circulating about Jeff Gordon for quite a few years.... ;)