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Author Topic: Interesting  (Read 448 times)
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Hall of Fame
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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.("

old hot rodder
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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

"Act as if what you do makes a difference. It does"
William James
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