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Cheryl
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« on: April 10, 2007, 12:40:26 PM »

Not quite sure what this means, other than NA$CAR is charging non-ISC tracks so much that they are still losing money on their sanctioned events.  Just more of NA$CAR's greed and unwillingness to share with anyone but themselves.

From Jayski:

"Dover 2006 Cup sanction fees: $11 million: Dover's two Nextel Cup races cost the track more than $11 million in sanction fees last year, according to its annual report. The June race's sanction fee was $5,914,346 and the September sanction fee was $5,293,075. Dover Motorsports operates four speedways - Dover International Speedway, Gateway International Raceway, Memphis Motorsports Park and Nashville Superspeedway. The company also listed an "impairment charge" of more than $61 million for Nashville, Memphis and Gateway - devaluing the value of those tracks because of the lower-than-anticipated television revenues generated by the four Busch races at those tracks. Dover expected the new TV deal, which went into effect this year, to allot a bigger percentage to Busch races than the 5 percent allocated in the 2001-2006 package. But NASCAR is allotting only 5.75 percent of the new contract for Busch events. With that impairment charge, Dover reported an overall loss of $35.345 million last year. It's after-tax adjusted earnings for last year were $5.7 million, the same as for 2005.(SceneDaily.com)(4-10-2007)"

Cheryl
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« Reply #1 on: April 10, 2007, 04:44:11 PM »

Hmmmm. Does this mean that if Nascar keeps the track's cut for the Busch TV revenue down, that the ticket prices will go up?? Roll Eyes
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