Speedcouch Forum

General Discussions => Race Talk => Topic started by: Cheryl on July 08, 2009, 12:09:58 PM



Title: ISC Reports Drop in Admissions Revenue
Post by: Cheryl on July 08, 2009, 12:09:58 PM
What a surprise...

From Jayski:

"International Speedway Corp. has seen revenues drop 13.6 percent and has reported a loss for the first six months of its 2009 fiscal year - the loss mostly attributed to a write-down of $55.6 million for struggling merchandise arm Motorsports Authentics. In releasing its financial statement for December 2008-May 2009, ISC said it has seen admissions revenue drop 16.5 percent, motorsports-related revenue drop 8.7 percent and food, beverage and merchandise revenue drop 33.7 percent. Admissions revenue for March-May (including NASCAR Sprint Cup weekends at Martinsville, Phoenix, Talladega, Richmond and Darlington) were down 18.2 percent. The track operator has had a net loss of $6.5 million for the first half of the year, compared to a profit of $62.25 million in the first half of last year.(SceneDaily)(7-7-2009)"

Poor babies... ;)

Cheryl


Title: Re: ISC Reports Drop in Admissions Revenue
Post by: old hot rodder on July 08, 2009, 03:12:14 PM
SOB-SOB-SOB :( :( :(